Ventura Gold Corp.

Ventura Gold Corp.

July 09, 2007 09:00 ET

Ventura Announces Eric Edwards as New President/CEO; Stephen Kay to Become Chairman of the Board

SCOTTSDALE, ARIZONA--(Marketwire - July 9, 2007) - Ventura Gold Corp. ("Ventura") (TSX VENTURE:VGO) is pleased to announce the appointment of Eric Edwards as the new President and CEO of Ventura effective July 10, 2007.

Mr. Edwards was most recently employed by Queenstake Resources as Vice President, Finance and Chief Financial Officer and brings to Ventura over 25 years of financial and management experience in the mining sector with junior and mid-size companies, including Kinross Gold, Viceroy Resources, TVX Gold, Nerco and Ivanhoe Mines. His extensive experience ranges from directing all financial aspects of mining and exploration activities to mine-site management of an underground gold operation in the USA.

He holds a Bachelor's degree in Geology from Utah State University and an MBA from the University of Utah Graduate School of Business.

The outgoing President of Ventura, Stephen Kay, is stepping back from management of Ventura to focus on his full-time role as President and CEO of International Minerals Corporation ("IMC"), a company with common directors, that provides administrative and management services to Ventura. Mr. Kay will, however, continue to play a key role in the future development of Ventura as Chairman of the Board. Supplementary to his President/CEO role with Ventura, Mr. Edwards will also be working part-time (less than 20%) with IMC as its CFO on a consulting basis to assist IMC's Controller with critical financial issues relating to IMC's transition from an explorer to a producer.

With respect to Mr. Edwards' appointment, Mr. Kay said, "The Board of Ventura is very pleased to hire someone of the caliber of Eric Edwards as its new President and CEO, especially in this very competitive market for top quality people. His strong financial background combined with his geological and mining experience make Eric a valuable addition to the Ventura team, which is poised to take the next step in its growth as a company. The Board is confident that he will make a significant contribution in ensuring success for Ventura in the coming years."


Stephen J. Kay, President

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

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