Ventura Gold Corp.
TSX VENTURE : VGO

Ventura Gold Corp.

November 03, 2006 18:26 ET

Acquisition of Shares of Ventura Gold Corp.

LUXEMBOURG, LUXEMBOURG--(CCNMatthews - Nov. 3, 2006) - Further to disclosure requirements of applicable securities laws, Julius Baer Multipartner-Gold Equity Fund ("Julius Baer Gold Fund") reports that they acquired ownership of 9,400,000 units (the "Units") of Ventura Gold Corp. (the "Company") (TSX VENTURE:VGO) pursuant to a non-brokered private placement arranged by the Company. Each Unit consists of one common share (a "Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant is exercisable into one common share (a "Warrant Share") at an exercise price of $0.40 per Warrant Share until November 3, 2008.

The 9,400,000 Shares and 4,700,000 Warrant Shares are the only securities of the Company currently owned or controlled by the Julius Baer Gold Fund, and represent 12.0% of the Company's share capital on a partially diluted basis, taking into consideration for the partial dilution calculation only the number of Warrant Shares that could be exercised by the Julius Baer Gold Fund. On a fully diluted basis, taking all of the Warrant Shares from the private placement into consideration, the ownership of the Julius Baer Gold Fund would be 10.7%.

The securities have been acquired for investment purposes only and not for the purpose of exercising control over the Company. The Julius Baer Gold Fund may continue to acquire additional securities of the Company through market transactions as circumstances or market conditions warrant. If such acquisitions would constitute a "formal bid" within the meaning of takeover bid regulation, the Julius Baer Gold Fund will comply fully with applicable legislation.

A copy of the related early warning report filed with the British Columbia and Alberta Securities Commissions may be obtained from the SEDAR website (www.sedar.com) or by contacting Martin Jufer or Christian Oesch of the Julius Baer Investments Funds Services Ltd., Hohlstrasse 602, CH-8010 Zurich, Switzerland.

Julius Baer Multipartner-Gold Equity Fund

Martin Jufer / Christian Oesch, Authorized Signatories


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