Venga Aerospace Systems Inc.

Venga Aerospace Systems Inc.

September 06, 2007 08:00 ET

Venga Increases Its Stake in GMI

TORONTO, ONTARIO--(Marketwire - Sept. 6, 2007) - Venga Aerospace Systems Inc. (TSX VENTURE:VAV)(PINK SHEETS:VNGAF) announced that it has now increased its ownership interest in Global Mineral Investments, LLC ("GMI") from 3% to 4%. In addition to Venga's current 4% ownership interest in GMI, the Company has the option of acquiring up to a further 15% equity interest in GMI. GMI is a private, U.S. based company, that has been awarded four Class B Gold Mining Licenses by the Ministry of Lands, Mines and Energy of the Republic of Liberia for four separate areas, located in the Sanquin Mining Zone, Sinoe County in the Republic of Liberia. This acquisition of a larger equity position in GMI was part of the consideration that GMI paid Venga for arranging financing for GMI's planned 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: 228,271,893

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

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