July 20, 2005 - Toronto, Ontario - Vena Resources Inc. (TSX.V: VEM & BVL:VEM) announces execution on the follow-on drill campaign which will consist of 7 step-out drill holes affiliated with positive results of 2 recently completed drill campaigns. The illustration below depicts that less than one-third of the approximately 600 meter by 1,200 meter exploration target has been drilled so far.

The geological model developed from the results received to-date has been used to estimate a tonnage and grade of the mineralized zone that has been drilled. The exploration target in this area indicates a quantity of between 18,000,000 and 23,000,000 tonnes of near surface mineralized material at an average grade of 0.5 to 1.0 gram per tonne (gpt). Only the results from the first drilling campaign were used in this estimate.

This estimate is conceptual in nature as there has not been sufficient exploration to define a mineral resource on the property . I t is uncertain if further exploration will result in discovery of a mineral resource on the property .

During the first drill campaign Vena tested 2 of 4 targets identified by an extensive geophysics program. In total, 11 holes were drilled with a total drill length of 1900 meters. All holes were drilled as part of a pattern spaced roughly every 100 meters and encountered gold and copper mineralization consistent with those seen in large surface mineable gold-copper systems found within the emerging Yauri-Andahuaylas metallogenic belt which hosts several large gold-copper-molybdenum porphyry deposits including Antapaccay and Los Chancas, as well as copper-skarn deposits Tintaya and Las Bambas. This drill campaign was completed in November 2004 and the results were released to the public on December 15, 2004.

The second drill campaign comprised 14 shallow holes (25 meters and less) located within the zone of the first drill campaign. These short holes were drilled to understand near-surface composition, penetrate and delineate the boundaries of the skarn and were quickly completed in May 2005. A summary table follows and the complete database for both drilling campaigns is posted on the Company’s website at www.venaresources.com.

The holes to the east were drilled into a secondary, mineralized quartz diorite intrusive while the others were drilled through the Puno Group conglomerate and into the underlying skarn mineralization as shown on the figure on page 1.

The drill core was logged and split in the field and analyzed every 1 meter by SGS Laboratories in Lima, Peru. Core recovery was over 90% and all samples were analyzed by multi-element ICP. The adjacent table shows the results of all intervals averaging above 200 parts per billion.

The area of primary interest identified to-date coincides with the existence of underground workings dating from Spanish colonial times as shown on the attached plan. Gold grades in the plus 2 gpt range have been identified in this zone and geological mapping indicates that the gold occurrence does not appear to be structurally controlled.

As a result of this work Vena is embarking on a full depth, step-out drill program to test the depth and extent of the anomalous zone. The proposed holes are shown on the attached plan.

Murray Lytle, P.Eng., the Qualified Person on this project, has reviewed this technical information on behalf of the Company.

About Vena Resources Inc.

Vena Resources is dedicated to building capital appreciation and creating long term shareholder value by developing the mineral and social capital of Peru. This will be done by deploying its financial resources to aggressively acquire and advance high quality projects and people throughout the country.

For further information please visit the Company website at www.venaresources.com
or contact one of the following:

Bryce Bradley , Corporate Development (416) 666-0519 -- email bbradley@venaresources.com
Denis Clement, Director (416) 364-1909 -- email dclement@venaresources.com

IR Canada: Renmark Financial Communications Inc.
 
T: (514) 939-3989 F: (514) 939-3717
Tina Cameron - tcameron@renmarkfinancial.com
Henri Perron - hperron@renmarkfinancial.com

IR Europe: Vicarage Capital

T: +44-20-8715-3271 or +44-(0)-7880-787-080
Martin Wood - martin@vicaragecapital.com

The TSX Venture Exchange does not accept the responsibility for the adequacy or accuracy of this release.

Statements in this press release regarding the Company’s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.