Venga Aerospace Systems Inc.

Venga Aerospace Systems Inc.

March 09, 2011 14:45 ET

Venga: GMI Resumes Liberian Gold Mining Operations

TORONTO, ONTARIO--(Marketwire - March 9, 2011) - Venga Aerospace Systems Inc. (TSX VENTURE:VAV)(PINK SHEETS:VNGAF) (the "Company") announced that it has received confirmation that the Company's mining affiliate, Global Mineral Investments, LLC ("GMI") has resumed its Liberian gold mining operations with dredging having now been restarted at GMI's Dugbe River site. "We resumed our full dredging operations on the Dugbe River on February 25, 2011," stated GMI's President, Jon O'Regan. "Our equipment is on site and working well and to maximize the operational season, we are now employing 5 shifts of three divers daily," continued O'Regan. 

GMI further confirmed that it continues to be in direct consultations with the RAM Consulting Group ("RAM") with respect to RAM's potential financing of GMI's proposed Liberian based mining operations.

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements are subject to certain risks and uncertainties that may cause the Company's results to differ materially from expectations and speak only as of the date hereof. 

SHARES ISSUED: 239,171,893

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

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