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

Vena Resources Inc.

December 07, 2006 12:17 ET

Vena Resources Discovers Zinc/Lead Zone in Azulcocha Zinc Mine

TORONTO, ONTARIO--(CCNMatthews - Dec. 7, 2006) - Vena Resources Inc. (TSX VENTURE:VEM)(LIMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF) is pleased to announce that underground confirmation drilling in the historical Azulcocha Zinc mine continues to show positive results. Drill hole DDH-2, a 49 metre hole collared on level 0 and angled down at -12 degrees has been completed and intersected 24 metres (approximately 12 metres true width) of 16.25% zinc, including an 8 metre intersect (approximately 4 metres true width) of 35.45% zinc and 3.06% lead. DDH3 and DDH-4 are being logged and analyzed and results will be released as soon as possible. Azulcocha has been historically known as a Zinc mine; exploration work by Vena geologists into this area of the mine has shown significant lead mineralization associated with the zinc mineralization. New drill locations will be added to test the extent of zinc/lead mineralization.

In related news, 50 individual one metre-long channel samples collected by Glencore geologists in mineralized blocks along level zero returned up to 1 gpt of gold. Given the gold credits in the current drilling campaign and the gold contents in the tailing ponds, Vena will expand the metallurgical program to test possible recovery of gold as part of the mill being designed. Surface drilling also began this week and explosive permits are expected shortly to blast two 50-metre chimneys between levels 0 and -40. Finally, 1500 metres of rail tracks have been ordered for level 0 to facilitate extraction shortly.

An Environmental Impact Assessment (EIA) is expected to be completed in January while mill design engineering and permitting continues. The scalable mill being designed by ABR Mineria SAC of Peru and LeRoy SU Corporation of Canada will now include a dense media separation circuit before the grinding circuit to increase the output tonnage of product as well as a flash cell circuit to take out the lead concentrate before the flotation.



Drill Highlights for DDH-2

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39.0 40.0 2.09 39.26 43 Masive Sph, rd, py
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40.0 41.0 1.67 43.47 50 Massive sph, with gn and rd
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41.0 42.0 4.63 43.80 45 idem
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42.0 43.0 5.71 39.05 62 idem
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43.0 44.0 1.41 36.80 62 idem
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44.0 45.0 1.90 27.69 236 idem
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45.0 46.0 3.83 29.39 114 idem
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47.0 48.0 3.27 24.15 257 Bx. Limestone
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48.0 49.0 0.05 3.03 124 END OF HOLE
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The complete assay results will be available on the Company's website at www.venaresources.com.

The drilling program is being supervised by William R. Henkle, Jr. P.Geo., Vena's Qualified Person as defined by NI 43-101. Core samples are cut with a diamond saw, with one-half of the core placed in sealed bags and shipped to SGS in Lima, Peru, an ISO certified assay laboratory. The program includes an extensive quality control program for assaying which includes the systematic use of standards, blanks, and field duplicate samples. Secondary laboratories are also used for check assaying.

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