TSX-V Ticker Symbol: MMG

Resumption Time: 11:45 EDT

SOURCE: Investment Industry Regulatory Organization of Canada (IIROC)

SOURCE: Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions

Investment Industry Regulatory Organization of Canada, (416) 646-7299

Hole 10 is currently underway and has been drilled to over 475 metres of length as at July 22. Hole 10 is being drilled on the same section line and from the same platform as Hole 9 but in an easterly direction. Hole 10 is designed to expand on the known diorite porphyry indicated in other drill holes and to determine the location of the east contact zone. Hole 10 has intersected a block of altered sediments and potassic altered, chalcopyrite-mineralized diorite porphyry intrusive to a depth of 94.4 meters. From there to the current depth of over 475 metres, the hole has transected weakly chalcopyrite-molybdenite mineralized wallrock sediments. Narrow diorite dykes occur several times through the sedimentary sequence.

The core is logged, photographed and split in half using a diamond saw. One half the core is systematically sampled in three metre intervals and sent to the Lima laboratory of Inspectorate Services Peru SAC, a certified laboratory, for preparation and multi-element ICP analysis followed by AQR/AA assaying for Cu and Mo and 30 gram FA/AA assaying for Au and Ag. The Company has a QA/QC protocol in place including the use of duplicates sampling by outside labs, certified standards and blanks, and secure care and custody of samples.

Investors are invited to visit the MacMillan Gold IR Hub at www.agoracom.com/IR/MacMillan where they can post questions and receive answers or review existing questions and answers. Investors may also email questions or request to be added to the investor email list at MMG@agoracom.com.

Duran Ventures Inc. and MacMillan Gold Corp. are Canadian resource companies

listed on the TSX Venture Exchanges: Symbols "DRV" & "MMG".

To view a Map of the Aguila Project, please visit the following link: http://media3.marketwire.com/docs/drmap723.pdf

The TSX Venture Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this news release.

Contacts:
Duran Ventures Inc. and MacMillan Gold Corp.
George A. Brown
President & CEO
(416) 867-1101
(416) 867-1222 (FAX)
Email: duranventures@ca.inter.net
Email: macmillangold@ca.inter.net

SOURCE: Duran Ventures Inc. and MacMillan Gold Corp.

mailto:duranventures@ca.inter.net
mailto:macmillangold@ca.inter.net

The joint venture agreement being prepared to formalize the existing 50:50 ownership of Minera Aguila de Oro SAC in Peru between MacMillan Gold Corp. (TSX VENTURE: MMG) and Duran is progressing well and is on schedule to be completed this month. The earn in by Duran of 50% of the Peru properties optioned from MacMillan Gold in June 2003 was completed in the quarter ended December 31, 2007 and Duran has received 50% of the shares of Minera Aguila, the Peru company with title to all the Peru properties under option.

The Quarterly Financial Statements to March 31, 2008 and the Management's Discussion and Analysis were filed on SEDAR on May 30, 2008.

Highlights include:

-$3,477,682 working capital including cash of $3,179,982 at March 31, 2008

-$1,000,000 additional working capital from private placement at $1.00 closed subsequent to March 31, 2008.

-$45,385 additional working capital from 300,000 RPT Uranium shares sold subsequent to March 31, 2008

-Expenses for first three months of 2008 of less than $25,000 per month to operate a public listed company net of non-cash stock based compensation expenses and interest income of approximately $7,500 per month

-$646,685 in exploration expenditures for the first three months of 2008 of which $262,403 is recoverable from MacMillan Gold. This recoverable becomes an eliminating entry upon completion of the proposed Business Combination

Peru progress update:

-Diamond Drill Hole 8 in the Aguila Cu-Mo Target is at over 460 metres of the 570 metres target length

-Tunnel sampling is continuing as scheduled at the Pasacancha Au-Ag-Pb-Zn Project

-Our existing B Permit has been extended to October 14, 2008 and approval has been received to add a second drill which will be contracted to commence drilling at the Pasacancha Target as soon as possible.

The Company is well funded to continue with the exploration plans for 2008 which includes significant drilling in Ancash, Peru at the Aguila Cu-Mo Project and at the Pasacancha Au-Ag-Pb-Zn Project.

Duran Ventures Inc. is a Canadian resource company listed on the TSX VENTURE Exchange: Symbol "DRV".

The TSX-V Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this release.

Contacts:
Duran Ventures Inc.
George A. Brown
CEO
(416) 867-1101
(416) 867-1222 (FAX)
Email:duranventures@ca.inter.net

SOURCE: Duran Ventures Inc.

The La Sarita covers a substantial portion of an extensive copper silver skarn system located in the low range of hills between 20 and 25 kilometres southeast of Moctezuma in Sonora. The large area of oxidized and leached skarn suggests that the granitic intrusive that is exposed at lower elevations underlies the skarn at shallow depths along a low angle contact. Based on the topographic range of skarn exposures observed, the depth of the skarn-intrusive contact is anticipated to be at depths of 50 to 300 metres. The extensive area of this skarn system provides exploration potential for significant tonnages with low strip ratios. The geological target is thought to have significant potential to explore and develop an oxide copper target with the potential for expansion by adding a sulphide copper-silver target below the oxide layer. There are three genetically related exploration targets on this property:

- supergene copper-oxide mineralization in the near surface oxide zones at 0 to 50 metres

- hypogene copper-silver sulphide mineralization in exoskarn at depths of 20 to 300 metres

- hypogene copper-silver sulphide mineralization in endoskarn developed in xenolith contaminated intrusives at depths of 100 to 500+ metres

The La Sarita option agreement covers three concessions totaling 809.5 hectares. MacMillan has the right to earn a 100% interest subject to a Net Smelter Return ("NSR") of up to 3% on silver and copper and 2% on other metals. The percentage of the NSR is based on a sliding scale for the underlying price of the commodities and can be reduced by 0.5% for each lump sum payment of US$250,000. The entire NSR may be purchased for US$1,500,000. MacMillan may earn the 100% interest by making cash option payments totaling US$371,000 by December 2012 of which US$47,000 has been paid including the US$20,000 due on signing, the US$15,000 due on the termination of the due diligence period, and the monthly payments of US$3,000 for May to August. MacMillan is also required to incur up to US$1,750,000 in expenditures on the property by February 2013 of which US$80,000 must be incurred by February 2009. MacMillan is entitled to claim a 10% administration fee in reporting these required expenditures. MacMillan is allowed at its sole option to accelerate the 100% earn in after the first anniversary and until the fifth anniversary by making a single lump sum payment of up to US$1,750,000.

The Company is pleased to add this property of geological merit with excellent exploration potential to our list of active projects.

Investors and interested parties are invited to visit the MacMillan Gold IR Hub at www.agoracom.com/IR/MacMillan where they can post questions and receive answers or review existing questions and answers. Investors may also email questions or request to be added to the investor email list at MMG@agoracom.com.

MacMillan Gold Corp. is a Canadian resource company listed on the TSX Venture Exchanges: Symbol "MMG".

The TSX Venture Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this news release.

Contacts:
MacMillan Gold Corp.
George A. Brown
President and CEO
(416) 867-1101
(416) 867-1222 (FAX)
Email: macmillangold@ca.inter.net
Website: www.macmillangold.com

SOURCE: MacMillan Gold Corp.

mailto:macmillangold@ca.inter.net
http://www.macmillangold.com