RENO, NV - March 4, 2014 - Discovery Minerals Ltd. (OTC Pink: DSCR) today announces it has entered into a Letter of Intent to acquire VPR Group, Inc., as a wholly owned, self managed subsidiary. This acquisition will continue to facilitate the company's expansion into the rapidly expanding Medical Marijuana Industry. CEO Russell Smith stated, "We consider the Company very fortunate to have the opportunity to commence this acquisition. VPR Group's distribution channels will result in strong product demand and subsequent bottom line revenue, ensuring a foothold in a rapidly growing market."
The company has set a goal to conduct their due diligence and complete a definitive agreement by the middle of March.
About Discovery Minerals Ltd.
Discovery Minerals Ltd., (OTC Pink: DSCR) is a production stage company formed to acquire and develop natural resource properties. Activities include gold, precious metals and petroleum minerals, including rare earth minerals production and sales. The Company initiated a new program to evaluate undervalued assets, including clean tech and alternative energy investments, for potential addition to its portfolio.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
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SOURCE: Discovery Minerals Ltd.