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

Vena Resources Inc.

March 21, 2011 09:01 ET

Vena Resources Expands Drill Program at Azulcocha

TORONTO, ONTARIO--(Marketwire - March 21, 2011) -

NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE US.

Vena Resources Inc. ("Vena" or the "Company") (TSX:VEM)(OTCBB:VNARF)(LIMA:VEM)(FRANKFURT:V1R)(XETRA®:V1R.DE), a Company with strong partnerships with some of the world's largest mining companies, is pleased to announce that the ongoing regional exploration program at Azulcocha to increase resources has identified an additional three target areas near the existing mine infrastructure that warrant immediate testing. Any successes in the near mine program could be fast tracked to development through extensions of the existing underground workings. The three target areas are shown on the attached map and described below.

Azulcocha Mine - West Fault Extension

The western end of the Azulcocha ore body is terminated by a left-lateral strike slip fault that strikes northeast – southwest. The displacement on the fault has been calculated to be about 100 metres. A program of two holes totaling 680 metres is planned to test for a blind western extension of the ore body beneath the over thrust Pucara limestones.

Azulcocha South - Mantos

Two semi-parallel mineralized mantos have been identified within the Pucara limestones that form the hanging wall of the Azulcocha mine. The mantos are karstic breccias with associated jasperoid that have been developed in dolomotized limestone beds between the Fierromina and and Laguna cross faults. The mantos are from three to 10 metres thick and approximately 650 metres long. The surface exposures have been oxidized but give highly anomalous values in zinc/ lead and silver with individual grab samples up to 11% zinc. A series of 10 short holes totaling 1,345 metres are planned to test the mantos for economic mineralization at depth.

Azulcocha East – Covered ZN/ Mn Targets

Trenching in covered areas to the east of the mine has exposed the Cochas-Gran Bretana fault. The trenches have been successful in revealing alteration in the footwall rocks similar to that at the mine. Geochemical sampling has outlined three areas with a similar footprint to that at the mine with high primary values of copper/ silver/ gold in the footwall tuff/ sandstone sequence and high values of zinc/ barium/ manganese in oxidized zones within the fault zone. Additional trenching is presently being completed to fine tune the targets prior to drill testing.

Miguel Sanchez, the Azulcocha mine project manager, stated: "Recent exploration at the Azulcocha mine was confined to underground workings and did not include surface diamond drilling to test favorable structures outside of the immediate area of the known ore body. As a consequence we have a great opportunity to search for additional resources in the near mine area that can be fast tracked to production and could add significantly to the profitability of the operation."

To view the map associated with this release, please visit the following link - http://media3.marketwire.com/docs/vem0321.jpg

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.

For further information on Vena Resources, please visit the Company website at www.venaresources.com, its Facebook page or contact: Juan Vegarra – Chairman & CEO - (416) 364-7739, ext. 120 or jvegarra@venaresources.com.

Statements in this press release regarding the Company's business, plans, intentions, proposed Offering and use of proceeds thereof, 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. These forward-looking statements are made as of the date hereof and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. Information identifying risks and uncertainties relating to the Company's business are contained under the heading "Risk Factors" in the Company's current Annual Information Form and its other filings with the various Canadian Securities Regulators, which are available online at www.sedar.

Shares Outstanding: 123,601,658

Fully-Diluted: 157,741,664

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

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