November 12, 2004-- Toronto, Ontario --Vena Resources Inc. (“Vena”) announced today that it has successfully completed the closing of its previously announced offering of Units (the "Offering") which was oversubscribed. As a result of the strong interest in the Offering, Vena increased the amount of the Offering. A total of 4,277,500 Units at a price of $0.40 per Unit were issued for gross proceeds from the Offering of $1,711,000. Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable at $0.60 per share until April 6, 2006. All securities issued under the private placement are subject to a four month hold period.'

The net proceeds from the Offering will be used to finance exploration and development expenses of Vena on its properties in Peru and for working capital.

The Offering was non-brokered and selling agents were entitled to a finder's fee of 7% of the gross proceeds and non-transferable warrants equal to 6% of the number of Units sold by such selling agents. Each agent warrant entitles the holder to purchase a Unit at the Offering price of the Units exercisable until April 6, 2006. 

The Company currently has 30,777,513 common shares outstanding including the common shares issued on completion of the Offering.