Vena Resources Inc.
OTC Bulletin Board : VNARF

Vena Resources Inc.

March 31, 2010 08:32 ET

Vena Resources Appoints Kallpa Securities SAB as Its Sponsor in Lima

TORONTO, ONTARIO--(Marketwire - March 31, 2010) - Vena Resources Inc. (TSX:VEM)(LIMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF) is pleased to announce that Kallpa Securities SAB (Kallpa) is the Company's sponsor for the Lima Stock Exchange (BVL). Kallpa is a Peruvian investment company specializing in sales and trading and capital markets. Kallpa commenced operations in October 2008 and now ranks 12th by volume traded among 24 Peruvian brokers with a 4% market share in the Peruvian market.

As Vena's sponsor Kallpa will support the marketing process of the Company's common shares on the Lima Stock Exchange. Kallpa will provide all services required by the BVL and any other regulatory entities to duly fulfill local requirements relating to all marketing activities in compliance with the BVL and CONASEV Regulatory bodies. Kallpa will also provide Vena with market information, organization of meetings with main participants in the Peruvian market (Institutional investors, retail investors, brokerage firms) and they will prepare marketing documents and research as well as regular updates of Vena to the Peruvian investor class.

Kallpa's CEO, Mr. Alberto Arispe will work closely with Mr. Juan Vegarra, Chairman and CEO of Vena to promote the strength of Vena as a junior exploration and development company. Mr. Arispe holds an MBA from the Stern School of Business from New York University and a Bachelor of Economics degree from Pontificia Universidad Catolica del Peru. He has 16 years of experience in the international financial system. Between 2005 and 2008, he was Managing Director at the Lima Stock Exchange and during the years 2000 through 2005 he was Vice President of the Emergency Markets Division at Fox-Pitt Kelton Inc., a subsidiary of Swiss Re Corp based in New York City.

"We are proud to be the Sponsor of Vena Resources in Peru", commented Mr. Arispe. "Vena is pleased to have Kallpa Securities as our sponsor, I am sure they are going to help us in our development and growth in the Peruvian Market" said Mr. Vegarra, Chairman and CEO of Vena.

Statements in this press release regarding the Company's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

Shares Outstanding:  88,264,576
Fully-Diluted:  103,173,760

The TSX does not accept the responsibility for the adequacy or accuracy of this release.

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