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LETTER TO THE SHAREHOLDERS OF DURAN VENTURES INC. (Duran Ventures Inc)

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(Source: Duran Ventures Inc) December 8, 2015 - Dear Shareholders, It is my pleasure to address you at the end of this year to provide an update on Duran and our objectives going forward. It has been a very difficult year for the junior mining industry, but a very active one for our Company. As you know, traditional access to equity capital markets for risk capital has all but disappeared. As a junior mining company, we depend on the equity markets to acquire, explore, assess and develop the Company's portfolio of Peruvian mineral projects. Fortunately, we had the benefit of the sale of El Aguila in May, 2014. This allowed us to rethink our strategy and focus on preserving cash. In this new...

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