Vena Resources Inc.
FRANKFURT : V1R
TSX : VEM

Vena Resources Inc.

June 05, 2009 13:20 ET

Vena and Glencore Agree to Extend Option on Azulcocha West Joint Venture

TORONTO, ONTARIO--(Marketwire - June 5, 2009) - Vena Resources Inc. ("Vena" or the "Company") (TSX:VEM)(LIMA:VEM)(FRANKFURT:V1R) is pleased to announce that after a thorough review of the recently completed drill program at the Azulcocha West exploration project, the joint technical team is recommending an additional drill program of four holes to be completed within the next five months. Given that the current option was due to expire this month and including the time to obtain permits, the drill program will require approximately five months to be completed, Vena has agreed to extend the existing option for five months to fully test the very encouraging San Pablo and Maria Fe skarn zones.

Azulcocha West is an exploration project 100% owned by Vena under option to Empresa Los Quenuales, part of the Glencore Group of Switzerland. Azulcocha West is only six kilometers from Vena's main project, the Azulcocha polymetallic mine.

Based on new surface mapping and drill core interpretation, Glencore's geologists believe that the Pariahuanca formation dips to the north (previously mapped as south) below the San Pablo intrusive, indicating an anticlinal structure. This would explain why drill hole SPB-05-08 did not intersect the contact with the San Pablo intrusive beneath the area where surface sampling gave anomalous zinc values within strong skarn and iron oxide alteration.

The additional drill campaign proposed by Glencore geologists will:

- Target this contact at depth of 80 metres by drilling from the intrusive into the limestone.

- Target the San Pablo northern contact where no drilling has been completed and where mapping shows skarn alteration at the contact.

- Drill the Maria Fe zone with the intention of proving the continuation of the exoskarn alteration to depth.

An additional hole (MFR-01-09) has been proposed by Vena to test the down dip extensions of multiple mineralized zones intersected in hole R-01-08. The main targets will be the Maria Fe skarn zone at the intrusive-limestone contact and the Recuperada vein at depth.

To view the Maria FE - Recuperada Cross Section map, please visit the following link: http://media3.marketwire.com/docs/venamaria.jpg.

The drilling program will be supervised by Glencore geologists and David Bent. P.Geo., Vena's Vice President of Exploration who will act as the Qualified Person as defined by NI 43-101. Core samples will be cut with a diamond saw, with one-half of the core placed in sealed bags and shipped to ALS Chemex in Lima, Peru, an ISO certified assay laboratory. The program will include an extensive quality control program for assaying which included the systematic use of standards, blanks, and field duplicate samples. Secondary laboratories will also used for check assaying.

To view the San Pablo Zone map, please visit the following link: http://media3.marketwire.com/docs/venaspz.jpg.

For further information on Vena Resources, please visit the Company website at www.venaresources.com. Interested parties are also invited to visit the Vena Resources IR Hub at http://www.agoracom.com/ir/venaresources where questions can be posted and responses given the same day, or a review of questions and answers posted by others is available. Alternatively, investors can e-mail questions and correspondence to vem@agoracom.com.

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: 79,825,324

Fully-Diluted: 88,406,575

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

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