Vena Resources Inc.
OTC Bulletin Board : VNARF

Vena Resources Inc.

January 10, 2011 08:00 ET

Vena Resources Appoints Celfin Capital S.A. SAB as its Sponsor in Lima

TORONTO, ONTARIO--(Marketwire - Jan. 10, 2011) - Vena Resources Inc. (TSX:VEM) (LIMA:VEM) (FRANKFURT:V1R) (OTCBB:VNARF) is pleased to announce that Celfin Capital S.A. SAB (Celfin SAB Peru), part of Celfin Capital Investment Bank has been appointed as the Company's new sponsor for the Lima Stock Exchange (BVL). Celfin Capital is a South American investment bank with a regional platform specializing in sales and trading and capital markets. Celfin SAB Peru commenced operations in 2008 and now ranks sixth by volume traded among 24 Peruvian brokers with a 7% market share in the Peruvian Market. Founded in 1988, Celfin Capital is one of the largest investment banks in South America with 470 employees in Chile, Colombia and Peru, US$14 Billion in assets under management and more than US$10 Billion in transactions over the past 10 years.

As our sponsor, Celfin SAB Peru will support Vena's common shares on the Lima Stock Exchange by providing all services required by the BVL in compliance with the BVL and CONASEV Regulatory bodies. Celfin SAB Peru and Celfin Capital will provide Vena with financial and market related advice and may provide assistance with future capital raising in South America.

Celfin SAB Peru's General Manager, Mario Persivale and Celfin Capital's Corporate Finance Director for Peru, Jessica Sanchez, will work closely with Juan Vegarra, CEO of Vena Resources to promote the strength of Vena as a junior exploration and development company. Mr. Persivale has more than 18 years of experience in global capital markets and has held senior positions in the Peruvian financial market. He holds a Business Administration degree from Peperdine University in California and prior to joining Celfin, Mr. Persivale worked as portfolio manager at Interfunds in San Francisco, California. Mrs. Jessica Sanchez has more than 10 years of corporate finance work experience and holds a Bachelor degree in Economics from Universidad del Pacífico and a MBA from Harvard Business School. She previously worked at Proinversión, UBS, Citigroup, Bank of America and ING Barings.

"We are proud to be the Sponsor of Vena Resources in Peru", commented Mr. Persivale. "Vena is pleased to have Celfin SAB Peru as our sponsor - its strength in Chile, Colombia and Peru will enhance Vena's exposure to the investment community in South America as markets integrate in 2011" said Mr. Vegarra, Chairman and CEO of Vena.

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: 97,484,969
Fully-Diluted: 121,377,477

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

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