Ventura Gold Corp.

Ventura Gold Corp.

August 29, 2005 13:14 ET

Ventura Reports First Quarter Financial Results

SCOTTSDALE, ARIZONA--(CCNMatthews - Aug. 29, 2005) - Ventura Gold Corp. (TSX VENTURE:VGO) (formerly EPICentrix Technologies, Inc.) (the "Company") has filed on SEDAR its interim unaudited financial statements and management discussion and analysis for its first quarter ended June 30, 2005. Highlights of these financial statements are discussed below (all amounts are reported in US Dollars except as otherwise indicated):

- The consolidated net loss for the current three-month period ended June 30, 2005 was $75,604 ($0.01) per share) compared to a loss of $53,528 ($0.01 per share) for the same period in 2004.

- Capitalized mineral property expenditures for the current quarter were $211,036 compared to $Nil for the same period last year when the Company was still completing its reorganization from the software technology sector. The majority of the expenditures were incurred at the Cottonwood Peak gold-silver property in Nevada ($132,144) and the Vetaspata gold property in Peru ($76,067). Also during the current quarter the Company incurred minor expenditures ($2,825) related to the recently acquired Navelgas gold-silver property in northwestern Spain (see news release dated June 8, 2005). The Company's total resource property expenditures to date, since the Company completed its change of business from the software technology sector to the mineral resource sector in January 2005 are $332,540.

- Cash and cash equivalents increased from $1,517,243 at year end March 31, 2005 to $1,681,896 as of June 30, 2005 primarily as a result of cash received (Cdn$670,000) from the issuance of 6.7 million common shares on the exercise of 6.7 million share purchase warrants from a previous private placement.

- Working capital increased by $258,206 from $957,263 at year-end March 31, 2005 to $1,215,469 as of June 30, 2005, primarily due to the exercise of warrants as described above.


Stephen J. Kay, President/CFO

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