Ventana Gold Corp.
TSX : VEN

Ventana Gold Corp.

July 07, 2010 09:01 ET

Ventana Comments on Share Price

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2010) - Ventana Gold Corp. (TSX:VEN) ("Ventana" or "the Company) is not aware of any material undisclosed information or corporate developments which would account for recent share price volatility. As an update to the previously announced acquisition of the La Bodega and La Baja mineral rights and settlement of the La Bodega arbitration, the Company expects the title transfers to the mineral rights will be completed within the next week. In anticipation of the title transfers, Ventana has added a 10th drill rig at the La Bodega project, which will be mobilized to the La Baja property on completion of the transaction. The Company's NI 43-101 resource estimate and scoping study are on schedule for release in fourth quarter of this year.

About Ventana

Ventana is a Vancouver-based mineral exploration and development company with mineral rights to 4,573 hectares of exploration property in northeastern Colombia. The Company's flagship La Bodega gold-silver project is located in northeastern Columbia immediately adjacent to the Angostura gold-silver project. The La Bodega project contains multiple high-grade zones of gold, silver and copper mineralization occurring in north-northwest dipping parallel-sheeted vein zones, breccias and mineralized faults within a broad, northeast trending regional fault zone.

Ventana recently announced an agreement to acquire the La Baja mineral rights, which are strategically located immediately to the southwest of the La Bodega tenements, consolidating Ventana's ownership along 2.1 kilometres within this prolific gold district.

The La Bodega project has excellent road access and is close to existing infrastructure including power and water. The Company is conducting an aggressive exploration program and progressing engineering studies to develop the deposit. Ventana's shares trade on the Toronto Stock Exchange under the symbol VEN.

For additional information please visit www.ventanagold.com.

Cautionary Statement Regarding Forward-looking Information

Certain of the statements made and information contained in this press release may constitute forward-looking information within the meaning of applicable securities legislation. All information and statements which are not historical fact constitute forward-looking information and, in many cases, can be identified by words such as "may", "will", "expect", "plan", "anticipate", "believe", "estimate", "potential", or other similar terminology. The forward-looking information contained in this press release is based on the reasonable expectations and beliefs of management as at the date of this press release and involves numerous assumptions, known and unknown risks and uncertainties, both general and specific to Ventana and the industry in which the Company operates. Such assumptions, risks and uncertainties include, but are not limited to future prices of gold, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated as well as those factors disclosed in Ventana's documents filed from time to time with the securities regulators in the provinces of British Columbia, Alberta and Ontario. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of the Company, or industry results, may vary materially from those described in this press release. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as otherwise required by law, Ventana does not intend to and assumes no obligation to update or revise forward-looking information, whether as a result of new information, plans, events or otherwise.

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