VENTURES RESOURCE CORPORATION

January 06, 2005 18:10 ET

Ventures Resource Corporate Update


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: VENTURES RESOURCE CORPORATION

TSX VENTURE SYMBOL: VRC

JANUARY 6, 2005 - 18:10 ET

Ventures Resource Corporate Update

ANCHORAGE, ALASKA--(CCNMatthews - Jan. 6, 2005) - Ventures Resource
Corporation (TSX VENTURE:VRC) (the "Company")

On December 29, 2004, the Company received a loan of US$215,000 from a
controlling shareholder, Sea Shell Limited ("Sea Shell"), a company
controlled by a director of the Company. The proceeds from the loan
will provide the Company with necessary working capital.

In exchange for the loan, the Company issued a promissory note to Sea
Shell (the "Note") in the amount of US$215,000. The Note bears an
interest rate of 10% per annum and is repayable by the Company as to
principal and interest in cash on or prior to two years from the date of
issuance. The Note does not carry periodic interest and principal
payments or periodic dividend payments. Subject to the approval of the
TSX Venture Exchange, the Company may repay the full amount of the
principal and interest owing pursuant to the Note by the issuance of
common shares of the Company at market price to Sea Shell.

On December 31, 2004, the Company issued 3,017,068 common shares at an
issue price of $0.25 per share, pursuant to the conversion by holders of
four convertible debentures. The convertible debentures were previously
issued by the Company on December 31, 2002. At the time of the
conversion, the total principal and interest owing pursuant to the
convertible debentures was CDN$754,267.

Ventures Resource Corporation is an international exploration company.

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