Venga Aerospace Systems Inc.

Venga Aerospace Systems Inc.

June 22, 2009 10:36 ET

Venga's Affiliate Announces Initial Results of Its Liberian Gold Mining Operations

TORONTO, ONTARIO--(Marketwire - June 22, 2009) - Venga Aerospace Systems Inc. (TSX VENTURE:VAV)(PINK SHEETS:VNGAF) (the "Company") announced that Liberia's Ministry of Lands, Mines and Energy has confirmed that the Company's mining affiliate, Global Mineral Investments, LLC ("GMI"), has recovered 14 ounces of gold from GMI's Dugbe River and Kumasi Hill projects in Sinoe County, Liberia. This production occurred between May 29 and June 13, 2009 during the initial or start up phase for both GMI mining projects.

In an official communique to GMI, Mr. A. Kpandel Fayia, Deputy Minister for Planning and Development in Liberia's Ministry of Lands, Mines and Energy stated, "Congratulations on your gold finds on the Kumasi Hill and Dugbe River in Sinoe County. GMI is now a gold production company in Liberia. Please call me if I can be of any service to you or GMI. Again, congratulations!!"

Photographs depicting GMI's Liberian gold mining enterprise, including images of the initial operational activities at the Kumasi Hill project, can be viewed on line at Venga's website:

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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