Discovery-Corp Retains Wolfe Axelrod for Investor Relations
Vancouver, British Columbia CANADA, February 02, 2012 /FSC/ - Discovery-Corp Enterprises Inc. (DCY - TSX Venture)(the "Company") announces that it has retained the well-known New York firm of Wolfe Axelrod Weinberger Associates for investor and media relations services.
http://www.wolfeaxelrod.com/profile.htm As compensation, the Company has agreed to grant 450,000 incentive stock options to Wolfe Axelrod. The options are vested over a 12 month period with 37,500 being vested each month.
The Company announces that it has granted 2,750,000 incentive stock options to directors and consultants of the Company.
The options are exercisable at a price of $0.10 per share and expire five (5) years from the date of the grant. This transaction is subject to the approval of the TSX Venture Exchange.
Discovery-Corp is a junior exploration company based in British Columbia, Canada that is focused on finding high quality gold and copper properties. Discovery-Corp's properties include the Galaxy, located in the Afton camp in Kamloops, BC. The Company will be drilling a number of holes to validate drilling that was done earlier by Teck and others and also extending the depth of those holes to determine if mineralization continues at depth.
The Galaxy is located just a few miles from New Gold's underground mine that is scheduled to go into production this summer and be a major producer of both copper and gold, with a mine life of 12 years. The Company believes the Galaxy project has similar geology and could be a significant find on its own as well as represent a valuable asset to the right buyer. Discovery's other asset is the Rock Creek Ranch, located in North Central Nevada at the intersection of the Getchell and Battle Mountain-Eureka gold trends.
On Behalf of the Board of Directors
Alex Pannu, President
This release has been prepared by Management - The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the corporations control which may cause actual results, performance or achievements of the corporation's to be materially different from the results, performance or expectation implied by these forward looking statements.
To view this release as a webpage, please click on the following link:
http://www.usetdas.com/pr/discoverycorp02022012.htm 1308 -193 Aquarius Mews
Vancouver, British Columbia CANADA
V6Z 2Z2
Tel. 778.371.9936
www.discovery-corp.com
Source: Discovery-Corp Enterprises Inc.(TSX-V: DCY)
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