Discovery Metals Limited announces a further 46% increase in the Total Inferred Resource within the Company’s 100% owned Maun Copper Project in North-West Botswana.

The latest increase follows the definition of an Inferred Mineral Resource of 14.5Mt @ 1.3% Cu and 12.6 g/t Ag, at a cut-off of 0.6% Cu, at the Plutus Prospect within the Maun Project. It means that during 2007, the total Inferred Mineral Resources for the Maun Project have now been increased by 130% (from an initial 20 Mt @ 1.2% Cu).

Discovery Metals’ Managing Director, Mr Jeremy Read, said today that ongoing drilling on the Maun Project was proving to be very successful with three Inferred Mineral Resources defined from five prospects drilled during 2007.

“Drilling is yielding a high conversion rate of prospects drilled to Inferred Mineral Resources status which is highly encouraging,” Mr Read said. ” Plutus is a shallow deposit and we would expect that a significant portion of the identified resource could be mined in an open pit,” he said. “The Zeta prospect pre-feasibility study is now well underway, our regional exploration program is being ramped up and with the significant growth in our resource base we are looking forward to an exciting 2008,” Mr Read said.

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