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

Vena Resources Inc.

June 07, 2006 10:56 ET

Vena Resources Reports Significant Radon Anomalies in Macusani Peru

TORONTO, ONTARIO--(CCNMatthews - June 7, 2006) - Vena Resources Inc. (TSX VENTURE:VEM)(LIMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF) announces the receipt of the results of the AlphaTrack radon cup surveys in the Concharrumio Uranium target in the Macusani region of southern Peru. The radon cup surveys are designed to locate any buried uranium mineralized zones, covered by thick overburden and/or overlain by younger volcanic flows, and to delineate the mineralization trends. The radon surveys were analyzed by Gennen McDowall of AlphaTrack. The AlphaTrack radon cups detect and track any radon gas emissions from the radioactive decay of hidden uranium sources. Mr. McDowall comments "These radon results are virtually the highest we have ever seen from the field - they are simply massive and highly encouraging."

A total of 71 cups were placed in areas where the favorable uraniferous ignimbrite is covered by overburden and/or overlain by younger, barren volcanic formations around the area where fracture-controlled uranium mineralization was identified on surface. Several large and high-count radon anomalies were identified. Some of the anomalies detected were over 40 times background. One prominent anomaly is present over a large area of Concharrumio and trends approximately NE-SW. Anomalies are open in all directions.

Spectrometer data from the AlphaTrack sample holes reveals a very poor correlation between the thorium channel data and the radon data. This indicates that the mineralization responsible for the AlphaTrack anomalies is not due to a thorium-based mineral. The radioactive decay of thorium produces a gas called Thoron. Thoron has a very short half-life (approximately 55 seconds) and is very similar to Radon and can also create AlphaTrack anomalies. However, the spectrometer data recorded in the sample holes by the field crew clearly shows an excellent correlation between the radon data and the uranium channel data, thus providing encouraging news. These surveys in conjunction with the geochemical and radiometric surveys have helped Vena locate several drill targets. An eight-drill hole drilling campaign is underway in Concharrumio and will be expanded along the trend line.

Gordon Grams, PEng, Vice President of Vena Resources, is the person responsible for initiating and guiding the work programs. Mr. Grams is the qualified person in accordance with National Instrument 43-101 guidelines and has prepared and reviewed the information in this press 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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http://www.ccnmatthews.com/docs/vem0607.pdf

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