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Nov 20 2008 03:57 PM 20 Minute Delay


Vena Intersects Significant Additional Mineralization at Aurora Project

11/22/2005


November 22, 2005 --Toronto, Ontario-- Vena Resources Inc. (TSX.V: VEM, LIMA: VEM) announces that it continues to intersect significant copper and molybdenum mineralization as part of a 2,500 meter drill campaign at its 100% controlled Aurora Cu/Mo porphyry in Southern Peru. The two drilling campaigns completed thus far, infer that the central part of Aurora’s exploration target appears to host a possible delineated mineralized zone in two distinctive blocks of Copper mineralization with significant Molybdenum credits. The NW and SE areas of the 1.8km by 0.6km exploration target will be drill-tested in future campaigns.

“The Company is encouraged about these results at Aurora” said Juan Vegarra, Chairman and CEO of Vena Resources. “Our future drilling campaigns will be focused on extending the mineralization in all directions. Holes 2, 3, 3A and 6 are step out drill holes and have helped us to define the width of the mineralized zone along the central portion of the project.”

 Note: Copper Equivalent values (CuEq) are estimated using a long term Molybdenum price of $6/lb resulting in the formula CuEq = %Cu plus %Mo * (132.28/22.05).

DDA-3A ended in mineralization containing greater than 0.9% Cu and encountered significant Molybdenum at surface. Due to mechanical problems holes 3 and 3A were stopped prematurely. Future drilling campaigns will test this area thoroughly; a working geological model can already be inferred with 10 holes as shown on Figure 1.

Figure 1: Working Geological Model

The middle part of the exploration target has the potential between 125-150 million tons of mineralization. It extends for 250 meters in depth, is about 300 meters wide and about 600 meters long with grade ranges between 0.3% and 0.6% Copper and up to 0.01% Molybdenum.

The bottom part of the exploration target has the potential between 100-125 million tons of mineralization. It extends for 150 meters in depth, is about 300 meters wide and about 800 meters long with grade ranges between 0.2% to 0.5% Copper and up to 0.08% Molybdenum.

The potential tonnage of the exploration target was derived by multiplying the surface area by the average width of mineralized intercepts (to give cubic metres (m3)) and then by the specific gravity. Porphyry copper deposits tend to be more homogeneous than most deposits. The lithology, alteration and mineralization of the target are homogeneous. The potential tonnage estimate does not include leach cap, late mineral dykes and lower grade breccia zones at the top portion of the hill, which will likely be considered to be waste material.

The tonnage and grade estimates on Aurora are preliminary and conceptual in nature. At this time, there has been insufficient exploration to define a mineral resource. In addition, drill holes may be too widely spaced and geology too speculative to have detailed economic considerations applied to them which would allow the estimation of an inferred mineral resource. In addition, it is uncertain if further exploration will result in the definition of a larger inferred mineral resource estimate on the property. Further drilling is needed to upgrade the potential tonnage to the inferred category. However, there is no guarantee that further drilling will intersect what has been assumed for this calculation.

The drilling program and geological studies at the Aurora project are being supervised by James McCrea, P.Geo., Vena’s Qualified Person as defined by NI 43-101. Core samples are cut with a diamond saw, with one-half of the core placed in sealed bags and shipped to ActLabs in Lima, Peru, an ISO certified assay laboratory. The program includes an extensive quality control program for assaying which includes the systematic use of standards, blanks, and field duplicate samples. Secondary laboratories are also used for check assaying.

About Vena Resources Inc.

Vena Resources is dedicated to building capital appreciation and creating long term shareholder value by developing the mineral resources and social welfare of Peru. Vena Resources’ commitment will be demonstrated by deploying its financial resources to aggressively acquire and advance high quality people and assets throughout the country. We seek Safe Harbor.

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

Bryce Bradley , Corporate Development (416) 666-0519 -- email bbradley@venaresources.com 

Denis Clement, Director (416) 364-1909 – email dclement@venaresources.com 

IR Europe:

Vicarage Capital

T: +44-20-8715-3271 or +44-0-7880-787080 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.

Copyright © 2007 Vena Resources Inc.