Ventura Gold Corp.
TSX VENTURE : VGO

Ventura Gold Corp.

March 20, 2007 16:27 ET

Ventura Announces Drill Results at Cottonwood Peak, Nevada

SCOTTSDALE, ARIZONA--(CCNMatthews - March 20, 2007) - Ventura Gold Corp. ("Ventura") (TSX VENTURE:VGO) has completed an initial core drilling program comprising ten drill holes (totaling 7,340 feet) on the Cottonwood Peak gold-silver property (the "Property") near Tuscarora in Elko County, Nevada. Drill-hole locations are shown in the attached map and significant assay results for all of the drill holes are shown below. To view the map accompanying this press release please click on the following link: http://www.ccnmatthews.com/docs/VenturaGold.pdf.

Cottonwood Peak - Drill Results Summary



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Depth From To Interval g/t g/t
Hole # (feet) (feet) (feet) (feet)(i) Gold Silver
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CPC-1 750 NO SIGNIFICANT ASSAYS
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CPC-2 504 260.0 280.0 20.0 0.3 less than 3
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CPC-3 277 32.0 37.0 5.0 6.6 less than 3
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62.0 67.0 5.0 1.6 less than 3
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CPC-4 1,000 NO SIGNIFICANT ASSAYS
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CPC-5 1,334 1,295.0 1,300 5.0 less than 0.2 16
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1,326.0 1326.5 0.5 1.5 10
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CPC-6 500 310.0 315.0 5.0 less than 0.2 17
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325.0 330.0 5.0 0.3 41
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405.0 410.0 5.0 less than 0.2 15
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CPC-7 503 NO SIGNIFICANT ASSAYS
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CPC-8 500 NO SIGNIFICANT ASSAYS
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CPC-9 971 537.0 542.0 5.0 less than 0.2 13
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CPC-10 1,000 NO SIGNIFICANT ASSAYS
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(i) Due to lack of knowledge on the style of the mineralization, true
widths of mineralization cannot be estimated at this time.



Overall the gold and silver assay results from this initial drilling campaign are low grade in nature. The most significant gold mineralized interval (CPC-3 with 5.0 feet at 6.6 g/t) is related to a jasperoidal breccia zone near the southern boundary of the property, and the most significant silver mineralized interval (CPC-5 with 5.0 feet at 41 g/t) is located at the faulted contact between a diorite porphyry intrusive breccia and volcanogenic tuffaceous sediments.

Ventura's drill program showed that the strong alteration (argillic/silicic) zone mapped on the surface continues at depth, with the anomalous geophysical (IP) responses over the Property being explained by widespread, but generally unmineralized, disseminated pyrite.

Ventura is currently reviewing in detail all of the drilling, geochemical and geophysical and structural data from the Property to determine if deeper drilling may be warranted for bonanza-type precious metal targets.

In addition, recently received assay results from a soil geochemical sampling program carried out late in Ventura's exploration program in an area located approximately 4,000 feet north of the northernmost drill hole (CPC-10), show anomalous gold and silver values. Additional field work is planned by Ventura to evaluate the significance of these anomalies as they relate to the overall alteration/mineralization system on the Property.

Ventura's drill program was conducted under the supervision of its Qualified Person, consulting geologist, Alan Wright, RPG.

Amendment to Letter Agreement

Under the current terms of the Letter Agreement, Ventura has the right to acquire up to a 70% interest in the Property from Zappa Resources Ltd. ("Zappa") by issuing 350,000 common shares to Zappa by March 21, 2007 (of which 150,000 have already been issued), by spending a minimum of US$500,000 on exploration or development by March 2008 (which expenditures have already been incurred), and by completing a feasibility study by March 2011.

On March 12, 2007, Ventura and Zappa amended the Letter Agreement to change the date for the issuance to Zappa of the remaining 200,000 shares of Ventura to December 31, 2007, in order for Ventura to maintain its interest in the Property. Ventura is, however, obligated to pay the property maintenance payments for calendar year 2007 (estimated at approximately US$22,000) irrespective of whether or not it terminates its interest in the Property prior to December 31, 2007.

ON BEHALF OF THE BOARD

Stephen J. Kay, President/CFO

The TSX Venture Exchange neither approves nor disapproves the information contained in this News Release.

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