Ventana Gold Corp.

Ventana Gold Corp.

February 23, 2009 09:00 ET

Ventana Commences New Drill Program at La Bodega

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 23, 2009) - Ventana Gold Corp. (TSX:VEN) ("Ventana" or "the Company") has signed a drilling services contract with Terramundo Drilling Inc. to initiate a 3,400-metre diamond core drilling program at its flagship La Bodega gold property in northeast Colombia. Two new, man-portable drills capable of drilling to depths of 500 metres have been mobilized and are currently en route to the project site.

The objective of the drill program is to test the down-dip and along-strike extensions of strong mineralization encountered in previous holes at the La Mascota zone, including hole 47 which cut two high-grade intercepts (separated by eight metres) of 20.3 metres grading 11.62 grams per tonne gold followed by 56.5 metres grading 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. The La Mascota area has shown remarkable continuity of high-grade gold values over true widths of 20 to 80 metres, and remains open along strike in both directions and at depth. The La Mascota mineralized zone has been tested over a strike length of 400 metres and to a depth of 100 metres.

Ventana CEO, Richard Warke, said: "We have been very encouraged by the high grades and continuity of results at La Bodega and are excited to be launching this next phase of drilling at the La Mascota zone."

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. The Company has announced results for the first 77 drill holes and is awaiting final results from the last 28 drill holes.

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.

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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