Vena Resources Inc.
OTC Bulletin Board : VNARF

Vena Resources Inc.

April 16, 2007 17:26 ET

Vena Resources Engages Crystal Research and Grants Options

TORONTO, ONTARIO--(CCNMatthews - April 16, 2007) - Vena Resources Inc. (TSX VENTURE:VEM)(LIMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF) announces that it has engaged Crystal Research Associates ("Crystal Research") of New York to provide an in depth Executive Informational Overview on Vena Resources, as well as provide quarterly updates thereafter. Crystal Research is an independent research service company that is dedicated to increasing the visibility of growing public and private companies that represent extraordinary investment opportunities and more specifically, a focus on companies that demonstrate: solid growth prospects, well-designed operating and growth strategies and an experienced and proven management team. Vena has agreed to pay Crystal Research US$37,500 for their services and to grant 250,000 share purchase options exercisable at $1.60 for a four year period. The agreement with Crystal Research and the option grant are subject to regulatory approval.

The Company has also granted a total of 1,450,000 options also exercisable at $1.60 to directors, officers and employees of the Company in Canada and Peru.

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: 69,518,066

Fully-Diluted: 89,090,637

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

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