Vena Resources Inc.
FRANKFURT : V1R
TSX : VEM

Vena Resources Inc.

June 16, 2008 08:00 ET

Vena Commences Underground Development at Pucara Copper/Gold Project

TORONTO, ONTARIO--(Marketwire - June 16, 2008) - Vena Resources Inc. ("Vena" or the "Company") (TSX:VEM)(LIMA:VEM)(FRANKFURT:V1R) is pleased to announce that it has received all the required permits to commence an underground development program to further investigate its 100% owned copper-gold-silver-lead project at Pucara in the Puno District of Peru. A 4,800 metre drill program was completed on this property earlier this year showing continuity along the northern veins for more than 550 metres and preliminary metallurgical tests have indicated encouraging results.

The initial activity will be an underground drifting program consisting of 1,800 metres on several of the northern veins. The Company has also hired Henkle and Associates to complete a NI 43-101 compliant report. Resource Development Inc., from Denver, Colorado will perform multiple bulk sample evaluations as part of a scoping study.

Concurrent to these programs, a design concept for a nearby open pit scenario on the Gladys Stockwork will be undertaken. As previously reported, the Gladys area is a stockwork at surface that has been bulk sampled at 3.64 g/t gold, 19.34 g/t silver and 4.23% copper with exposed dimension of 240 metres in length by 25 metres wide.

The Pucara project is adjacent to electrical grid lines, abundant water supply and is 1.5 km from a major highway.

The drifting program will be carried out under the supervision of Rod Ogilvie P.Geo., Vena's Vice President of Engineering and Qualified Person as defined by NI 43-101. Face sampling and mapping of every drift round will be carried out to the highest standards. CIMM Peru in Lima an ISO certified laboratory will be utilized for this project.

About Vena Resources

Vena Resources Inc. is a Canadian mining company focused on the exploration and development of Peru's mineral potential. Employing a model of diversification across metals and regions in Peru to mitigate investment risk, the Company consists of four divisions: Mining, Energy, Precious Metals and Base Metals. Vena's zinc project, Azulcocha, with an initial NI 43-101 resource estimate of almost 200 million pounds is scheduled to commence production in fall 2008. Together with the Company's strategic partners, Cameco and Glencore, Vena will advance its significant portfolio of almost 100,000 hectares this year. Through its board of directors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance relating to Peru and Canada.

For further information on Vena Resources, please visit the Company website at www.venaresources.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: 71,648,073

Fully-Diluted: 92,710,644

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

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