Ventana Gold Corp.

Ventana Gold Corp.

June 15, 2009 12:50 ET

Ventana Announces Receipt of Mineralogical Characterization and Predictive Metallurgy Report for La Mascota Samples

VANCOUVER, BRITISHCOLUMBIA--(Marketwire - June 15, 2009) - Ventana Gold Corp. (TSX:VEN) ("Ventana"or "the Company") has received a mineralogical report from consultingmineralogist Giovanni Di Prisco, PhD, P.Geo of Terra Mineralogical Services ofPeterborough, Ontario, an independent mineral analysis consultancy, detailingthe mineralogical characterization and predictive metallurgy evaluation of asampling of the gold mineralization within the La Mascota zone of the La Bodegaproject in northeastern Colombia. The report concludes that gold mineralizationin the sampling is fine grained and inter-grown with pyrite and copper sulphideminerals and occurs, for the most part, at the mineral grain boundaries.

Ventana commissionedthe report to help plan and develop the metallurgical testing program for theproject. The mineralogical evaluation was conducted on 29 samples taken fromcore in six drill holes in the La Mascota zone. The report recommends that themetallurgical test work evaluate the merits of developing a process flow sheetcomprising gravity separation followed by flotation of the copper sulphideminerals to produce a copper concentrate, followed by cyanidation of theflotation tails. Based on this flow sheet and the mineralogy of the material tested,the report concludes that, although challenging, La Mascota ore could beprocessed by standard metallurgical methods with achievable gold recoveriesthat are expected to range from 87% to 92%. The gold recovery process discussedin the report has been successfully implemented at other gold mines includingthe El Valle gold mine in Spain that was operated by Rio Narcea Gold Mines andthe Bulyanhulu gold mine in Tanzania that is currently operated by Barrick GoldCorporation.

The metallurgicaltesting program will commence within the next month and will be managed by MikeOunpuu and Nelson King, independent consulting metallurgists, who haveextensive experience with the proposed processing methodology includingmetallurgical test work and process plants at both El Valle and Bulyanhulu goldmines.

In addition, Ventanais pleased to announce that MTB Project Management Professionals, Inc., anexternal technical consultant, has started the initial engineering programs onthe project that will form the foundation of future technical studies includingthe Preliminary Economic Assessment. The engineering programs include themetallurgical testing program, mine engineering and related geotechnicalstudies and infrastructure location study.

The conclusions reachedin the report with respect to anticipated recoveries of gold from the company'sLa Mascota zone are based on a number of assumptions and estimates that whileconsidered reasonable by the report's author, are inherently subject tosignificant technical uncertainties. Many factors, both known and unknown,could cause actual results that vary significantly from those that are or maybe expressed or implied by such forward-looking statements contained in thisnews release. In particular, the recovery estimates set out in the report arebased on the examination of a limited amount of drill core samples, andalthough these observations are valid to predict the metallurgical behaviour ofmineralized material from specific drill hole locations, caution should be usedto extrapolate from this limited data set the metallurgical behaviour of theentire La Mascota gold deposit.

Review by QualifiedPerson, Quality Control and Reports
Giovanni Di Prisco,PhD, P.Geo and Principal of Terra Mineralogical Services, is a Qualified Personas defined in National Instrument 43-101 for the mineralogical characterizationand predictive metallurgy contents of this release and has reviewed andapproved them.

About Ventana
Ventana is aVancouver-based mineral exploration and development company with rights to4,573 hectares of exploration property in northeastern Colombia. Ventana iscurrently drilling at the La Bodega property with a focus on expanding thehigh-grade La Mascota zone. The Company's shares trade on the Toronto StockExchange under the symbol VEN.

Cautionary NoteRegarding Forward-looking Statements
Certain of thestatements and information in this news release constitute"forward-looking information" within the meaning of applicableCanadian provincial securities laws relating to the Company and its properties.All statements, other than statements of historical fact, are forward-lookingstatements when used in this news release, including information relating to:the estimated recovery of gold from mineralized material extracted andprocessed from the Company's property; the receipt of initial results from themetallurgical testing program to be commenced on ore from the La Bodegaproject; and engineering programs on the La Bodega project. These statementsreflect Ventana's current views with respect to future events and arenecessarily based upon a number of assumptions and estimates that, whileconsidered reasonable by the Company, are inherently subject to significantuncertainties and contingencies, including geological and technical resultsfrom the Company's property. Many factors, both known and unknown, could causeactual results, performance or achievements to be materially different from theresults, performance or achievements that are or may be expressed or implied bysuch forward-looking statements. Although Ventana has attempted to identifyimportant factors that could cause actual results to differ materially, theremay be other factors that cause results not to be as anticipated, estimated,described or intended. The Company does not intend, and does not assume anyobligation, to update these forward-looking statements or information toreflect changes in assumptions or changes in circumstances or any other eventsaffecting such statements or information, other than as required by applicablelaw.

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