Ventana Gold Corp.
TSX : VEN

Ventana Gold Corp.

March 17, 2009 09:31 ET

Ventana Adds Another Drill for Deeper Drilling at La Bodega

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2009) - Ventana Gold Corp. (TSX:VEN) ("Ventana" or "the Company") has received delivery of an additional drill from its current drill contractor, Terramundo Drilling Inc. in order to accelerate and expand the 3,400-metre diamond core drilling program under way at its flagship La Bodega gold property in northeast Colombia. The new drill, which has arrived on site and will commence drilling in the next few days, is a Fordia Silver Bear A-5, capable of drilling NQ core to depths of 1,300 metres.

The current drill program is planned to test the down-dip and along-strike extensions of strong gold mineralization encountered in previous holes at the La Mascota zone, such as hole 47 which cut two high grade intercepts (separated by eight metres) of 20.3 metres of 11.62 grams per tonne gold followed by 56.5 metres of 6.60 grams per tonne gold.

The La Mascota zone is one of several areas on the La Bodega property where Ventana has discovered encouraging gold mineralization. La Mascota has shown remarkable continuity of high-grade gold values over true composite widths of 20 to 80 metres, and remains open along strike in both directions and at depth. Mineralization has been tested to date over a strike length of 625 metres and to a depth of 100 metres. The objective of the current drill program is to test the La Mascota mineralization to a depth of 200 metres. However, with the addition of the Fordia A-5 Drill, Ventana will be able to test the La Mascota zone to greater depths of up to 500 metres.

Ventana CEO Richard Warke said: "With the immediate availability of this additional drill, Ventana will both accelerate the current drill program and be positioned to further expand the mineralization encountered at La Mascota. If successful, we expect this program to dramatically enhance the potential resource base of the project."

Ventana has been actively drilling at La Bodega since acquiring the property in 2006 and by the end of 2008 had completed 105 holes totalling 25,457 metres, outlining a new mineralized zone in the process. A drill hole location map and a complete listing of drill intercepts from the first 94 holes are available at www.ventanagold.com.

Quality Control

Drill results have been reviewed, verified and compiled by Ventana's Vice President of Exploration, Jon Lehmann, L.P.G., a qualified person for the purpose of NI 43-101. Mr. Lehmann has over 25 years of mineral exploration experience, is a Licensed Professional Geologist in the State of Washington and a member in good standing of the Canadian Institute of Mining and Metallurgy.

Ventana utilizes a rigorous QA/QC program with respect to sampling procedures including chain-of-custody tracking of core until shipment to the analytical laboratory. Core is sawn in half with one half shipped to an independent prep lab and samples shipped for analysis to ACME Analytical Laboratories Ltd., an ISO 9001:2000 and ISO 17025 certified laboratory in Vancouver, B.C. The remainder of the core is stored in a secured storage facility for future assay verification. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance and mineralized intervals are re-assayed at Inspectorate America Corp. analytical laboratory in Sparks, Nevada.

Independent NI 43-101Technical Reports were prepared by EurGeol Miller O'Prey, PGeo, for the La Bodega project and the nearby California-Vetas project to provide a review of the exploration activities that have occurred on the projects. These reports are dated June 14, 2008 and are posted on the company's web site at www.ventanagold.com. Ventana plans to complete a NI 43-101 mineral resource estimate in 2009.

About Ventana

Ventana holds rights to 4,518 hectares of exploration property in the California-Vetas gold district in Colombia, of which 3,710 hectares are wholly owned with the remainder under option to acquire a 100% interest. The Company has been drilling at La Bodega, a property lying adjacent to Greystar Resources' Angostura gold-silver deposit, and has an ongoing gold exploration program in the California-Vetas gold mining district. The Company plans to complete a 43-101 mineral resource estimate at La Bodega in 2009.

For additional information please go to www.ventanagold.com.

Forward-looking Statements

The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described from time to time in Ventana's latest quarterly report and management discussion and analysis. Ventana assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

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