Ventana Gold Corp.

Ventana Gold Corp.

November 21, 2008 11:46 ET

Ventana Appoints Randy Smallwood to Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 21, 2008) - Ventana Gold Corp. (TSX:VEN) ("Ventana" or the "Company") is pleased to announce the appointment of Randy Smallwood to the Company's Board of Directors, effective immediately.

Mr. Smallwood is Executive Vice President of Corporate Development for Silver Wheaton Corp. He was part of the founding team for Silver Wheaton in 2004, and since 2007 has been primarily focused on growing Silver Wheaton into the largest pure-silver mining company in the world. Prior to 2007, Mr. Smallwood was Director of Project Development for both Silver Wheaton and Goldcorp/Wheaton River Minerals. In this role he was responsible for all project evaluations through a six-year period of acquisitions and corporate mergers, ultimately building Goldcorp into the one of the largest gold companies in the world. Earlier in his career Mr. Smallwood also worked with Homestake Mining Company, Teck Corp. and Westmin Resources. He holds a geological engineering degree from the University of British Columbia.

Ventana CEO Richard Warke said: "Randy's exceptional track record in the mining industry will be of great benefit to Ventana as we move our flagship La Bodega project forward. He has demonstrated exceptional leadership at Silver Wheaton and was instrumental in leading the rapid growth of that company. We are extremely pleased to welcome him to the Board and expect his knowledge and experience will contribute to Ventana's success."

In addition to the appointment of Mr. Smallwood to Ventana's Board, Mike Clarke is stepping down from the Board. Mr. Clarke has been a Director since 2007 and the Board thanks him for his contributions to the Company.

ABOUT VENTANA GOLD CORP. - Ventana currently holds 3,895 hectares of exploration property in the California-Vetas gold district in Colombia, of which 3,611 hectares are wholly owned with the remainder under option to acquire a 100% interest. The Company is currently drilling at La Bodega, a property lying adjacent to Greystar Resources' Angostura gold-silver deposit.

On behalf of the Board of Directors,

Richard W. Warke, Chief Executive Officer


The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described from time to time in Ventana's latest quarterly report and management discussion and analysis. Ventana assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

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

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