AMC Arizona Metals Corp

Dunav Resources Ltd. (TSX VENTURE:DNV) (the "Company" or "Dunav") is pleased to
present an exploration update on its 100%-held Tulare Porphyry Project located
in Southern Serbia.




1.  HIGHLIGHTS

--  The 2013 Yellow Creek and Kiseljak Extension resource definition
    drilling program has been completed and the database has been closed
    off, with the data forwarded to AMC Consultants Limited (UK) ("AMC") for
    an independent National Instrument 43-101 ("NI 43-101") compliant
    resource estimate. 
--  Selected intersections are listed below, calculated using a 0.21% CuEq
    cut-off grade:

--  Yellow Creek:

---------------------------------------------------------------------------
                 From       To Interval       Au       Cu     AuEq     CuEq
Hole ID           (m)      (m)      (m)    (g/t)      (%)    (g/t)      (%)
---------------------------------------------------------------------------
---------------------------------------------------------------------------
YCDD031         228.0    397.0    169.0     0.31     0.28     0.77     0.47
YCDD031         404.0    494.0     90.0     0.16     0.16     0.42     0.26
YCDD033(i)       55.0     87.0     32.0     0.25     0.12     0.44     0.27
YCDD033(i)       93.0    373.1    280.1     0.29     0.21     0.63     0.39
YCDD039(i)      144.0    187.7     43.7     0.20     0.21     0.53     0.33
---------------------------------------------------------------------------

--  Kiseljak Extension:

---------------------------------------------------------------------------
                 From       To Interval       Au       Cu     AuEq     CuEq
Hole ID           (m)      (m)      (m)    (g/t)      (%)    (g/t)      (%)
---------------------------------------------------------------------------
---------------------------------------------------------------------------
KIDD075(i)      107.0    162.0     55.0     0.23     0.18     0.52     0.32
KIDD076          26.0     34.0      8.0     0.42     0.12     0.62     0.38
KIDD076          42.0    139.0     97.0     0.19     0.14     0.42     0.26
KIDD077          41.0    181.0    140.0     0.19     0.27     0.63     0.39
KIDD077         212.0    284.0     72.0     0.24     0.20     0.56     0.35
---------------------------------------------------------------------------

--  0.21% CuEq cut-off ($1,400/oz. Au, $3.30/lb. Cu), 5m min. composite
    length, 5m max. internal dilution. 
    --  AuEq= ((Au g/t(i)45.011) + (Cu%(i)72.753))/45.011 
    --  CuEq= ((Cu%(i)72.753) + (Au g/t(i)45.011))/72.753 
--  Diamond drill samples are PQ, HQ or NQ half core, using a nominal 1m
    sampling basis and weigh approx. 3-6kg. 
--  Assay method: Fire assay Au (50g); Cu by aqua regia digestion with AAS
    or ICPMS finish. 
--  Intercept widths do not necessarily represent true width. 
--  No top cut applied. 
--  ((i)) Drill hole terminates in mineralization i.e. mineralization
    remains open at depth.

--  The Tulare Porphyry Project comprises the Kiseljak copper-gold deposit,
    the nearby Yellow Creek copper-gold target area and the Bakrenjaca gold-
    base metal epithermal system. 
--  Figure 1 shows a plan view of the current target areas within the Tulare
    Porphyry Project. 
--  Figure 2 shows a plan view of the Kiseljak/Kiseljak Extension and Yellow
    Creek target areas with all diamond drilling to date. 
--  Figure 3 shows a representative cross section through the Kiseljak and
    Yellow Creek copper-gold porphyry zones.

2.  EXPLORATION UPDATE



Yellow Creek: 



--  Wide-spaced drilling on a nominal 120 meter by 120 meter spacing on the
    Yellow Creek target area during 2013 was focused on better defining the
    copper-gold porphyry-style mineralization first discovered during late
    2011 in order to develop a robust geological model required to support
    the generation of an initial National Instrument 43-101 ("NI 43-101")
    compliant resource estimate. 
--  In total, nine diamond drill holes (YCDD031 to YCDD039) for a total of
    2,722.5m, ten reverse circulation (RC) pre-collars (YCRC001 to YCRC010)
    for a total of 1,373m and three diamond drill hole 'tails' (YCDT002,
    YCDT004 & YCDT005) for a total of 952.8m were drilled on the project
    area during 2013. 
--  No significant intersections were generated from the RC and diamond
    'tail' drilling portion of the program. 
--  A validated database has been delivered to independent mining
    consultants AMC in order to produce an initial NI 43-101 compliant
    resource estimate for the Yellow Creek target area. The initial Yellow
    Creek estimate is expected during Q2 2014. 
--  Refer to Table 1 for a summary of Yellow Creek (YCDD031 to YCDD039)
    significant intersections received to date. 
--  Refer to Dunav Press Releases dated April 10 2012, August 28 2012 and
    February 25, 2013 for previously reported significant intersections from
    the Yellow Creek target area.



Kiseljak Extension:



--  An additional three diamond drill holes were drilled into the far
    southern portion of the Kiseljak deposit following the closure of the
    2012 drilling database and subsequent handover to AMC. These drill holes
    (see Dunav Press Release dated February 25 2013) extended copper-gold
    porphyry-style mineralization to the south of the Kiseljak deposit. 
--  During 2013 a further six diamond drill holes (KIDD075 to KIDD080) for a
    total of 1,360.4m were completed in this area which has subsequently
    been referred to as the 'Kiseljak Extension' area. 
--  The Kiseljak database, including Kiseljak Extension drilling, has been
    closed off, with the data forwarded to AMC for an updated resource
    estimate; this re-estimation is not expected to lead to a material
    change in the current Kiseljak deposit resource estimate (with an
    effective date of November 26 2012), however the additional drilling
    will better define the mineralized 'envelope'. 
--  Refer to Table 2 for a summary of 2013 Kiseljak Extension significant
    intersections.

3.  DISCUSSION 

--  The Tulare Copper-Gold Porphyry Project area lies within the Lece
    Magmatic Complex of southern Serbia; the second largest magmatic complex
    in Serbia after the Timok Magmatic Complex. 
--  During 2012, Dunav completed a scoping level assessment on seven
    composite samples from the Kiseljak deposit. Additional test work is
    required to further refine the process flow sheet; however projected
    overall recoveries are currently approximately 85.5% for Cu and
    approximately 67% for Au. Good flotation recovery characteristics were
    exhibited for both copper and gold at industry standard grind sizes and
    a copper-gold concentrate with no deleterious elements was produced.
    Preliminary grinding test work showed a medium to soft mineralization
    type with a bond work index of approximately 11kWhr/t. 
--  Further metallurgical test work was undertaken during 2013 and results
    are expected during Q2 2014. 
--  Please see the following link to view all Kiseljak and Yellow Creek
    drill holes located spatially in three dimensions:
    http://www.corebox.net/properties/tulare-porphyry-project

4.  SAMPLING AND ANALYSIS



Diamond drill core has been prepared at the SGS managed laboratory facility at
Bor and assayed at the SGS managed laboratory at Bor. Trench and diamond drill
samples have been assayed for gold by 50 gram fire assay with an AAS finish
whilst copper, silver, lead, zinc and molybdenum have been analysed using an
aqua regia digest with either an AAS or ICPMS finish. A one metre sampling
interval has been used where possible for the Tulare Copper-Gold Porphyry
Project diamond drilling program. Half core is routinely submitted to the
laboratory for analysis. Reverse circulation drill samples have been prepared at
the laboratory facility at Bor and assayed at the laboratory at Bor. A one meter
sampling interval has been used for the Tulare Project reverse circulation
drilling program. Following Dunav standard quality assurance procedures, a full
suite of field and laboratory duplicates and replicates along with
internationally accredited standards and blanks, have been submitted with each
batch of samples. At the SGS managed assay facility in Bor, analysis of drill or
trench samples for gold is routinely carried out using a 50g fire assay charge
with an AAS finish. Silver, lead, zinc and copper are analyzed using an aqua
regia digest (0.3g charge) followed by either an AAS or ICP-MS finish. Sulfur is
analyzed using an Eltra combustion furnace (0.2g charge).


Dr Julian F. H. Barnes, a qualified person under NI 43-101, the Company's
Special Consultant, has approved the preparation of the technical data in this
press release.


About Dunav Resources Ltd.: Dunav Resources is a mineral exploration company
focused on the acquisition, exploration and development of mineral properties in
Serbia. The Tulare Copper-Gold Porphyry Project is located in southern Serbia,
approximately 230 km from Belgrade and 70 km from the regional centre of Nis.
Access to the project is excellent via sealed roads. Additional information
about the Company is available on SEDAR at www.sedar.com and at
www.dunavresources.com. 


Dunav had approximately $9.5 million in its treasury at September 30, 2013. 
Dunav's issued and outstanding share capital totals 175,319,442 common shares,
of which approximately 45.5% is held by Dundee Precious Metals Inc.


Figures 1 to 3 and Tables 1 and 2 are available at the following address:
http://media3.marketwire.com/docs/924063e.pdf


Cautionary Statement

This press release contains forward-looking information. In particular, this
press release contains statements concerning the completion of a private
placement offering, exploration results and geological interpretation, planned
exploration programs, planned metallurgical test work and other preliminary
assessment and studies, and the geological and economic potential of the Tulare
Porphyry Project. Although the Company believes in light of the experience of
its officers and directors, current conditions and expected future developments
and other factors that have been considered appropriate that the expectations
reflected in this forward-looking information are reasonable, undue reliance
should not be placed on them because the Company can give no assurance that they
will prove to be correct. Forward-looking information is subject to known and
unknown risks and uncertainties, and depends on assumptions and other factors,
all of which may cause actual results or events to differ materially from those
anticipated in such forward-looking information. Specifically, the Company's
planned exploration and development programs depend on the ability of the
Company to obtain additional financing and such plans may be delayed. The
forward-looking statements contained in this press release are made as of the
date hereof and the Company undertakes no obligations to update publicly or
revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dunav Resources Ltd.
James Crombie, President and Chief Executive Officer
+1.450.640.0810
info@dunavresources.com
www.dunavresources.com

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