Venga Aerospace Systems Inc.

Venga Aerospace Systems Inc.

October 16, 2009 14:48 ET

Venga: Resumption of GMI's Liberian Mining Operations Temporarily Delayed Due to Rainy Season

TORONTO, ONTARIO--(Marketwire - Oct. 16, 2009) - Venga Aerospace Systems Inc. (TSX VENTURE:VAV)(PINK SHEETS:VNGAF) (the "Company") announced that the Company's mining affiliate, Global Mineral Investments, LLC's ("GMI") planned resumption of its Liberian mining operations have been temporarily delayed due to the sustained severity of the Liberian rainy season. GMI's President, Jon O'Regan is scheduled to return to Liberia on October 24, 2009 with mine dredging operations on GMI's Dugbe River site now being planned to re-commence the following week. "Production has been delayed due to heavy rains and remaining high rivers," stated O'Regan. "Our chief diver on the Dugbe River, George Bauche reported today that the river levels are finally dropping and we look forward to safely dredging once again," continued O'Regan.

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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