Dundarave Acquires Option on Jesse Creek Property

Dundarave Resources Inc. (TSX VENTURE:DDX) (the "Company") is pleased to
announce that it has entered into an option agreement with Mr. J. Dawson and Mr.
G. Belik (the "Optionors") to acquire a 100% interest in 18 contiguous mineral
claims located near Merritt, British Columbia, known as the Jesse Creek property
(the "Property"), subject to a 2% net smelter return royalty. The Property is
located in the central part of the Nicola Volcanic Belt, midway between the
Afton and Copper Mountain porphyry copper-gold deposits.


Overview of the Jesse Creek Property

The Jesse Creek property covers approximately 6000 hectares located just north
of the town of Merritt, B.C. Topography is moderate; access and infrastructure
are excellent and it can be explored year round. The property has potential for
hosting both alkaline porphyry copper (gold) deposits similar to Afton and
Copper Mountain, as well as calc-alkaline type porphyry copper (molybdenum)
mineralization similar to the nearby Highland Valley deposits.


Most of the past exploration on the Property was directed towards the discovery
of Craigmont type skarn, copper mineralization and the porphyry targets were
never drilled and are virtually untested.


Significant skarn and alkaline type porphyry mineralization/alteration occur in
the Chase zone (near the south end of the property) associated with a high
level, diorite-monzonite intrusion which may be an apophysis of a larger
intrusive mass at depth. A large IP chargeability anomaly straddles the
intrusive center. This anomaly is open to the east.


In the north-central part of the property, the Jesse Creek Stock has the
potential for the discovery of significant calc-alkaline, porphyry-type
mineralization. This stock is an extension or possibly a separate offshoot of
the Guichon Creek Batholith (host of the productive Highland Valley porphyry
copper deposits). The intrusive body appears to be differentiated into a
diorite-quartz diorite border phase and an internal granodiorite phase. A copper
mineralized quartz monzonite breccia (SB zone) noted in early exploration over
40 years ago appears to be a, younger diatreme breccia pipe at least 300 meters
in diameter. In 2011 a copper stained outcrop was discovered near the east end
of the Jesse Creek Stock in an area of extensive overburden. This transition
from quartz diorite to granodiorite to quartz monzonite is very similar to the
transitional zonal series mapped in the central part of the Guichion Creek
batholith where mineralization is associated with the central quartz monzonite
phases.


Regionally, lineaments and magnetic features outline both styles of porphyry
coppers targeted at Jesse Creek. The Company will initially define targets with
a detailed airborne magnetic survey to be followed by geological mapping and
induced polarization/resistivity surveys over selected areas. Priority targets
from this work will then be tested by drilling.


Summary of the Option Agreement

Pursuant to the option agreement, the Company may acquire the Property in
consideration for total cash payments of $1,075,000 and the issuance of
1,700,000 common shares of the Company to the Optionors on the following
schedule:




--  $40,000 was paid on signing of the option agreement; 
--  $35,000 payable on or before 30 days of signing the option agreement; 
--  200,000 shares upon TSX Venture Exchange acceptance of the option
    agreement; 
--  an additional $100,000 and 200,000 shares on or before the first
    anniversary date of stock exchange acceptance; 
--  an additional $200,000 and 300,000 shares on or before the second
    anniversary date of stock exchange acceptance; 
--  an additional $300,000 and 400,000 shares on or before the third
    anniversary date of stock exchange acceptance; and 
--  an additional $400,000 and 600,000 shares on or before the fourth
    anniversary date of stock exchange acceptance.



The Agreement also provides for a 2% net smelter return royalty in favour of the
Optionors. The Company may elect to purchase, at any time from the Optionors
one-half (1/2) of the NSR on the Property, thereby reducing the Optionors' NSR
to one percent (1%) respectively, upon the total payment to the Optionors of
$1,000,000.


Andre Pauwels, P.Geo is a qualified person under National Instrument 43-101, and
has reviewed and is responsible for the contents of this news release.


The Option Agreement is subject to approval of the TSX Venture Exchange.
(TSXV:DDX)
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