I see Venturous where you got the $7M from. I have pasted a section of DRV's annual filing here for reference. Note the first item "Cash". It certainly has dropped from $8M to $1M. So, $7M has been burned through, regardless of where else it ended up. Shareholders equity has also dropped by about $7M, so it seems that Duran went through $7M. (Sorry for the formmating...Agoracom seems to want to display it this way...the BOLD figures are 2008, the non-bold is 2007

DURAN VENTURES INC. Page 2

(A Development Stage Company)

CONSOLIDATED BALANCE SHEETS

AS AT DECEMBER 31,

See accompanying notes to the consolidated financial statements.

2008 2007

$ $

ASSETS

CURRENT

Cash 1,010,090 8,083,659

Prepaids and advances 14,454 1,566

Amounts receivable (Note 6) 83,473 51,738

Marketable securities (Note 7) - 72,000

Assets of discontinued operations (Note 8) - 2,139,431

1,108,017 10,348,394

EXPLORATION PROPERTIES (Note 3) 6,732,109 2,314,398

ASSETS OF DISCONTINUED OPERATIONS 2,385,808 (Notes 3 and 8) -

Share Holders Equity 7,840,126 15,048,600