Vena Resources Inc.
TSX VENTURE : VEM
OTC Bulletin Board : VNARF
FRANKFURT : V1R

Vena Resources Inc.

January 17, 2007 08:00 ET

Vena Resources Raises $3.4 Million in Warrant Subscriptions

TORONTO, ONTARIO--(CCNMatthews - Jan. 17, 2007) - Vena Resources Inc. (TSX VENTURE:VEM)(LIMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF) is pleased to announce that over the period commencing September 22, 2006 through January 16, 2007, the Company raised $3,433,721 from the exercise of warrants. In total, 5,427,190 warrants had been issued with exercise prices ranging from $0.60 to $0.75. Of that total, over 97% of the warrants or 5,278,940 were exercised.

Juan Vegarra, Vena's Chairman and CEO remarked:

"We are very pleased with the number of shareholders that continue to share our vision. We have very aggressive exploration and production plans for 2007 and these funds will help us to continue to deliver shareholder value for the rest of the year."

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: 55,208,835

Fully-Diluted: 61,388,835

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

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