LOS ANGELES, CA / ACCESSWIRE / June 24, 2015 / Discovery Minerals Ltd., (PINKSHEETS: DSCR) ("Discovery") management would like to update shareholders on the status of the financial statement audit necessary to meet the requirements of an SEC reporting issuer on the OTCQB tier. The Company will commence the audit within the latter half of July 2015.

Additionally, to meet the terms of a financing commitment currently being negotiated, the Company will file an S-1 registration statement. This financing facility shall be accessible upon an effective registration statement notice and is intended to be utilized for CAPEX and business development expenditures devoted to increasing shareholder value.

About Discovery Minerals Ltd.:

Discovery Minerals Ltd., (OTC: DSCR) is an acquisition and development company that targets natural resource properties through its subsidiaries. These properties fall within two primary channels, precious metals/mining and industrial hemp. Discovery subsidiaries engage in activities that include the cultivation, product development, and distribution of industrial hemp; Gold, silver and precious metals. In addition, the Company is pursuing clean tech and alternative energy investments to be integrated into these business channels.

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.

Contact Person:

Russell Smith
info@discoveryholdingscorp.com 

SOURCE: Discovery Minerals Ltd.

Discovery Minerals (CE) (USOTC:DSCR)
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