February 10, 2005--Toronto, Ontario – (TSX.V : VEM) Vena Resources Inc. announces that it has staked 9,600 hectares of uranium concessions in Peru. These concessions are 100% owned by Vena.

Peru is well known for the variety and high grades of its mineral wealth and much of the country has scarcely been explored. The aquisition of these concessions is in keeping with Vena’s mission to become a pre-eminent developer of the mineral and social wealth of Peru.

The strength of Vena’s in-country “opportunity generator” process is demonstrated by its unique access to this data”, said Juan Vegarra, Chairman of Vena Resources and a native-born Peruvian.

In 1980 the Peruvian government, through its Atomic Energy group, completed an aerial survey of a large part of southern Peru to identify uranium occurrences. This work followed several studies in the 1950’s and 60’s that evaluated specific uranium occurrences in the Cuzco region.

These studies indicated that most uranium mineralization occurs as tobernite, a clear green and phosphorescent mineral which is a copper silicate containing up to 68% uranium. The metallurgical recovery of the uranium from this mineral is 90 to 94% with no mineral contaminants.

The US$1,000,000 aerial survey program and subsequent results analysis occupied all of 1980 and was a joint venture between the Peruvian government and that of the United Kingdom. The geophysical consulting company of Hunting Corporation was retained to complete the field work and assist with the subsequent interpretation of results. A total of 125,000 square kilometers of terrain were covered in the study mostly comprising altiplano geomorphology. An Aluette helicopter was used to collect the data never flying more than 150 meters above the ground surface. Survey lines were between 1 and 2 kilometers apart.

The survey resulted in a 78 anomalies being mapped and quantified according to standard criteria. For strategic reasons the data remained the property of the Peruvian government and was not released to the public until 1991.

In late 2004, Vena became aware of the program and contracted the services of Jose Carlos Rogovich Aleman, a senior geologist who was intimately involved in the 1980 program. For the past month the program’s data has been analyzed and all 78 anomalies ranked according to size and apparent grade quality. From these anomalies, a total of 9,600 hectares of concessions have been staked covering the top 38 anomalies (according the Company’s ranking).

The Puno formation is the most common source rock for these radioactive minerals being constituted of reddish sandstones with good porosity and permeability. The original data was collected with an airborne scintillometer which received data through a photomultiplier and recorded the decay of uranium, thorium and potassium on a strip recorder. The average anomaly intensities ranged from 650 to 7400 counts per minute for uranium.

In the planned exploration stage, handheld scintillometers will be used to make much closer spaced traverses to collect data in the specific anomaly zones. The newly collected data will identify zones of highest intensity radiation for drill hole selection. It will also be correlated to the airborne data to make this data more predictive.

Mr. Jose Carlos Rogovich, the Company’s consultant, has completed post-graduate studies in uranium exploration and geology with both the Spanish and Argentinian atomic energy commisions and was a key member of the 1980 Peruvian study team. He has worked in uranium exploration for a total of 15 years and is very familiar with the norms and practices of safe uranium exploration as well as the protocols of the International Atomic Energy Commission regarding the safe handling of radioactive materials.

About Vena Resources Inc.

Vena Resources (TSX.V : VEM) 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 so that its uniquely “Peru savvy” management team can aggressively acquire and develop high quality projects and people throughout the country.

Vena currently has a portfolio of projects encompassing 20,000 hectares of strategically located and highly prospective ground in all regions of the country. A key risk mitigation strategy is to keep the corporate development portfolio open to all types and classes of mineral wealth with a proven capacity to keep the new project “pipeline” full.

The Aucapampa copper-gold property is in planning for a second drill campaign; the Las Princesas gold property is completely encircled by Barrick Gold and PanAmerican Silver claims and is immediately adjacent to Barrick’s Alto Chicama property; and the company has commenced a pre-feasibility study of the Azulcocha zinc-manganese property.

For further information please visit the Company website at http://www.venaresources.com/ .

FOR FURTHER INFORMATION CONTACT:

John Cullen, Director (416) 364-7739 or by e-mail jcullen@venaresources.com
Denis Clement , Director (416) 364-1909 or by e-mail dclement@venaresources.com

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

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

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.