Vena Resources Inc.
OTC Bulletin Board : VNARF

Vena Resources Inc.

July 09, 2010 02:00 ET

Vena Upgrades 1,000,000 Tonnes to Measured Resources at Azulcocha

TORONTO, ONTARIO--(Marketwire - July 9, 2010) - Vena Resources Inc. (TSX:VEM)(LIMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF), a Company with strong partnerships with four of the world's largest mining companies, is pleased to announce that Henkle and Associates has completed the resource estimate for Vena's Azulcocha mine. The updated estimate significantly upgrades the tonnage available for production in the near term. Henkle's report will be published within 45 days and will include a resource estimate for the Manganese mineralized portions of the Azulcocha Cuerpo as well.

In February 2008, Vena reported an "indicated resource" of 865,132 tonnes containing 10% Zinc at a cut-off of 5%. Based on the ongoing underground work that has been undertaken since 2008, Vena can now report that it has upgraded more than 900,000 tonnes to a "measured resource" category as well as additional indicated and inferred tonnage as the following table outlines:

% Cut-Off Measured % Zinc % Mn Indicated % Zinc % Mn Inferred % Zinc % Mn
5.00 902,457 8.40 11.60 771,941 7.90 9.90 320,310 8.10 6.00
4.00 1,023,094 7.90 11.70 978,808 7.20 12.10 424,832 7.30 10.80
3.00 1,381,083 6.70 12.80 1,299,343 6.20 12.90 570,292 6.30 12.50
2.50 1,417,811 6.60 12.80 1,358,573 6.10 12.70 627,780 6.00 12.60

Juan Vegarra, Chairman and CEO of Vena commented:

"We are pleased to report more than 900,000 tonnes of measured resources as well as a significant upside in the indicated/inferred category. We are confident that the final NI 43-101 report will contain significant credits in the Manganese mineralized portions of the Cuerpo to make Azulcocha a viable mine given current market prices."

This report was prepared by William R. Henkle, Jr., P.Geo., Vena's Qualified Person as defined by NI 43-101.

About Vena Resources

Vena Resources Inc. is a Canadian mining company focused on the exploration and development of Peru's mineral potential. Employing a model of diversification across metals and regions in Peru to mitigate investment risk, the Company consists of four divisions: Mining, Clean Energy, Precious Metals and Base Metals. Together with the Company's strategic partners, Cameco, Gold Fields, Glencore and Trafigura, Vena will advance its significant portfolio of almost 75,000 hectares this year. Through its board of directors and advisors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance globally.

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

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