Ventura Gold Corp.
TSX VENTURE : VGO

Ventura Gold Corp.

November 03, 2006 18:26 ET

Acquisition of Shares of Ventura Gold Corp.

GRAND CAYMAN, CAYMAN ISLANDS--(CCNMatthews - Nov. 3, 2006) - Further to disclosure requirements of applicable securities laws, Gold 2000 Ltd. ("Gold 2000") reports that they acquired ownership of 6,250,000 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 6,250,000 Shares and 3,125,000 Warrant Shares, together with all other securities owned or controlled by Gold 2000, represent 14.2% 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 Gold 2000. On a standard fully diluted basis, taking all of the Warrant Shares from the private placement into consideration, the ownership of Gold 2000 would be 12.8%.

The securities have been acquired for investment purposes only and not for the purpose of exercising control over the Company. Gold 2000 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, Gold 2000 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 Solvena Moore, authorized signatory for Gold 2000 Ltd. at Regata Park Office, Windward III, P.O. Box 1100 GT, Grand Cayman KY1-1102, Cayman Islands.

Gold 2000 Ltd.

Solvena Moore, Authorized Signatory


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