Discovery Bancorp Reports Election of Directors; Adjournment of Annual Meeting until June 21, 2007.

SAN MARCOS, Calif. -- Discovery Bancorp (OTCBB:DVBC) today announced that all of the directors nominated by the Board of Directors have been elected to the Board of Directors. Consideration of Proposal 2 approving the amendments to the Company's 2004 Stock Option Plan has been adjourned to June 21, 2007, at 5 p.m. at the main office of Discovery Bank, 338 Via Vera Cruz, San Marcos, Calif.

President and Chief Executive Officer James P. Kelley II said, "We are happy that all of the directors have been re-elected to the Board of Directors. We all greatly appreciate the continued support of our shareholders."

Kelley went on to say that "The Annual Meeting of Shareholders held on May 23, 2007, was adjourned to June 21, 2007, in order to give the Company more time to solicit the required votes to approve amendments to the Company's 2004 Stock Option Plan increasing the number of shares under the plan from 500,000 to 575,000 and providing for the granting of restricted stock awards and other forms of stock-based compensation in addition to stock options. We need those shareholders who did not complete their proxies to please execute and return their proxies to the Company. The plan changes require the vote of a majority of our outstanding shares."

Those shareholders who have not yet voted are encouraged to take this

opportunity to cast their votes. If shareholders decide to attend the adjourned Annual Meeting and wish to change their proxy vote as to the stock option plan amendments, they may do so automatically by voting in person at the meeting. If the Company receives the required vote prior to the adjourned Annual Meeting, the Company will put out a press release announcing the approval of the stock option plan and the completion of the Annual Meeting.

Further information can be obtained at the bank's web site: www.discovery-bank.com or via e-mail at [e-mail], or by calling James P. Kelley, II, president and chief executive officer, at [phone].