Discovery Energy Corp. announced unaudited consolidated earnings results for the first quarter ended May 31, 2016. For the quarter, the company reported net loss of $4,605,747 compared to $92,119 a year ago. Net loss per common share - basic and diluted was $0.03 against $0.00 a year ago. Net cash used in operating activities was $35,771 against $146,038 a year ago.