Ventura Gold Corp.

Ventura Gold Corp.

September 13, 2005 12:48 ET

Ventura Commences Drilling At Navelgas Gold Property In Spain

SCOTTSDALE, ARIZONA--(CCNMatthews - Sept. 13, 2005) - Ventura Gold Corporation ("Ventura") (TSX VENTURE:VGO) is pleased to announce that it has commenced an initial core drilling program at the Navelgas gold property (the "Property") in northwestern Spain, located approximately 30km south of Luarca in the province of Asturias. The Property is held by Ventura under the terms of a Letter Agreement with Toronto and American Exchange listed Rio Narcea Gold Mines Ltd ("Rio Narcea"). See Ventura's news release dated June 8, 2005 for details.

The Property is contained within the Navelgas Gold Belt, which comprises three major northeast-trending structural zones (Linares, La Freita and Pola de Allande), each with a distinct style of gold mineralization (see news release dated June 8, 2005). The Navelgas Gold Belt is approximately 70km long and 18km wide and hosts more than 40 Roman gold workings. It is similar geologically and structurally to the Rio Narcea Gold Belt approximately 30km to the east, which hosts Rio Narcea's El Valle and Carles gold mines, which combined have reportedly produced approximately one million ounces of gold since 1998.

Ventura's initial exploration program is focused on the Linares zone, where gold mineralization is found in a previously unknown gold porphyry system that was discovered by Rio Narcea in 1998. It is located in a geological setting similar to Rio Narcea's El Valle Mine and the geochemical signature and alteration show classic porphyry zonation, with potential also for skarn-type mineralization under a shallow cover of recent sediments. Only limited core drilling (1,150m) has been carried out to date by Rio Narcea. Ventura's initial exploration program will comprise three core drill holes totaling approximately 1,100m to follow-up on Rio Narcea's initial drill program, together with a limited geophysical program (gravity and Induced Polarization ("IP")) to try to identify other zones of alteration and mineralization within the project area for follow-up drilling. This initial exploration program is estimated to be completed in 3-4 months at a cost of US$250,000, funded by Ventura's existing working capital.

To date, all of the previous drilling (6,250m) on the Property by Rio Narcea and its partners has tested less than 10% of the length of the potentially mineralized structures with the Navelgas Gold Belt. The last phase of drilling was conducted as part of a joint venture between Rio Narcea and Barrick Gold in 2000 and included 1,962m in four deep holes. The drilling, however, was focused only on the northern part of the Pola de Allande trend and did not test the Linares zone. Barrick's program included a 235 airborne geophysical survey (magnetics/electromagnetics/radiometrics) that covers most of the Navelgas Gold Belt and which has provided a wealth of data that identifies new targets for additional exploration.

Under the terms of the Letter Agreement with Rio Narcea, Ventura has an option to earn a 51% to 66% interest in the Property by incurring certain exploration and related expenditures over time (see news release dated June 8, 2005 for details). Rio Narcea is the operator of the Property during the period of Ventura's option.


Stephen J. Kay, President/CFO

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

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