Vena Resources Inc.
OTC Bulletin Board : VNARF
FRANKFURT : V1R
TSX : VEM

Vena Resources Inc.

January 05, 2011 02:00 ET

Vena Discovers 115 Metre Extension at Azulcocha Polymetallic Mine in Peru Including an 11.65 Metre Drill Intersect Containing 25.2% Zinc and 3% Lead

TORONTO, ONTARIO--(Marketwire - Jan. 5, 2011) - Vena Resources Inc. (TSX:VEM)(LIMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF), a Company with strong partnerships with some of the world's largest mining companies, is pleased to announce the ongoing underground drill program at the Azulcocha mine has discovered an extension of the mineralized breccia from level -40 down to level -155. The mine was historically thought to diminish at level -40 but remain open along strike. The discovery of an additional 115 metres of the mineralized breccia structure (assays pending from completed holes 8 through 15) should increase the known resource base.

RESULTS OF 2010 AZULCOCHA MINE DRILL PROGRAM *
                             
Hole Number   From   To   Length   Gold   Manganese   Lead   Zinc
    (metres)   (metres)   (metres)   (g/t)   (%)   (%)   (%)
AZMDDHM10001   13.30   30.90   17.60   0.62   22.77       9.06
Including   17.90   20.25   2.35   1.01   10.74       25.44
Including   20.25   29.60   9.35   0.59   30.56       6.31
                             
AZMDDHM10002   10.20   18.15   7.95   0.12   4.41       8.69
Including   10.20   12.60   2.40   0.13   0.02       12.89
Including   14.80   16.65   1.85   0.04   0.04       13.87
AZMDDHM10002   24.94   34.15   9.21   0.28   12.96       9.88
Including   28.70   32.90   4.20   0.17   9.58       17.13
                             
AZMDDHM10003   12.15   24.85   12.70   0.64   17.77       9.55
Including   12.15   19.45   7.30   0.74   14.22       13.61
AZMDDHM10003   16.80   47.60   30.80   0.30   31.17       2.62
                             
AZMDDHM10004   8.20   18.15   9.95   1.12   10.36       8.95
Including   10.00   11.85   1.85   4.27   0.09       11.37
AZMDDHM10004   15.15   23.05   7.90   0.15   36.55       3.14
                             
AZMDDHM10005   15.70   27.35   11.65   0.29   3.91   2.92   25.20
Including   18.40   24.75   6.35   0.09   0.45   5.15   36.86
AZMDDHM10005   25.60   29.45   3.85   0.25   25.90   0.04   4.54
                             
AZMDDHM10006   11.90   19.40   7.50   0.50   14.97   0.52   6.86
Including   13.00   15.40   2.40   0.37   0.02   1.05   10.77
AZMDDHM10006   15.40   30.50   15.10   0.29   23.08   0.07   2.00
Including   16.30   24.10   7.80   0.26   33.86   0.07   2.79
                             
AZMDDHM10007   13.20   14.05   0.85   0.00   0.01   0.63   6.11
* All drill intercepts reported are down-hole lengths, not true widths

Juan Vegarra, Chairman and CEO of Vena Resources, stated: "There is no doubt Azulcocha will continue to provide great surprises – we are keen to begin mill construction when government permits are received around March/April. All 20 holes from the ongoing underground drill program are expected to be completed by the end of January. Given this discovery, we will consider preparing the engineering documents required to increase mill throughput capacity."

To view the "Azulcocha Underground Drill Program - 2010" figure, please visit the following link:

http://media3.marketwire.com/docs/vena_up2010.pdf

This press release has been reviewed and approved by David Bent, P. Geo., Vena's Vice President of Exploration and Qualified Person as defined by NI 43-101. Vena's exploration and development programs are being supervised by Mr. Bent.

For further information on Vena Resources, please visit the Company website at www.venaresources.com or its Facebook page.

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.

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

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