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

Vena Resources Inc.

April 03, 2006 04:00 ET

Vena Resources to Initiate Drilling Las Princesas Gold-Silver Project

TORONTO, ONTARIO--(CCNMatthews - April 3, 2006) - Vena Resources Inc. (TSX VENTURE:VEM)(LIMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF) announces that following detailed mapping, structural analysis and an improved geological interpretation, the Company is ready to initiate a drilling program of up to 2,000 meters at its Las Princesas property.

The Las Princesas property is favorably located adjacent to and between the operating Quiruvilca silver mine (Pan American Silver, 2.2 million ounces silver produced in 2005) and the more than 9 million ounce Lagunas Norte gold mine recently put into production by Barrick Gold in the Alto Chicama region of northern Peru.

Vena has signed agreements with the surface rights holders in the concession area and has received the required permission from the Ministry of Energy and Mines. The water license is expected shortly. Equipment for the preparation of accesses and drilling platforms are being mobilized. MDH SAC has been hired to perform the drilling campaign. Seven drill targets have been identified for the current campaign. On the higher central part of the property, Vena will test an intrusive body for the existence of a system similar to that which hosts the Quiruvilca poly-metallic operations. Along the lower topography north of the intrusive, Vena will test for disseminated minerals within porous volcanics which overlay lower cretaceous sediments. Vena also intends to test the underlying sediments which include the Chimu Formation which is geologically similar to that found at Lagunas Norte.

About Vena Resources Inc.

Vena Resources is dedicated to building capital appreciation and creating long term shareholder value by developing the mineral resources and social welfare of Peru. Vena Resources commitment will be demonstrated by deploying its financial resources to aggressively acquire and advance high quality people and assets throughout the country.

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.

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

Contact Information