June 17, 2005-- Toronto, Ontario --Vena Resources Inc. (TSX.V : VEM) announces that it has re-assayed the core from 6 holes drilled by Bear Creek Mining in the late 1990’s.

The Aurora property is within the Yauri-Andahuaylas metallogenic corridor which is well known for its copper-gold porphyry and skarn deposits. The re-assayed Cu/Mo results confirm that the mineralized target has Mo values as high as 0.6%. The porphyry system has a surface expression of 1,600 meters by 500 meters and is currently open at depth.

The re-assays confirm the Copper values previously obtained and results from hole #5 are shown below. The entire database is posted on Vena’s web site at www.venaresources.com.

Mineralization is centered on a complex, multiphase intrusion of granodiorite to quartz monzonite composition that may be of Oligocene age. Host rocks for the intrusion are hornfels and phyllites—metamorphosed sands and silts of Silurian age. The contact hornfels are andalusite-cordierite hornfels, and muscovite-cordierite-andalusite hornfels. Foliation in the metamorphic host rocks trends N60-70W and may have influenced control on shape of the stock and distribution of mineralization.

Primary mineralization consists of chalcopyrite, bornite, molybdenite with pyrite and pyrrhotite disseminated in altered porphyry and in quartz veinlets cutting the porphyries. Better grade mineralization appears to be associated with an increase in over-all sulfide content and with abundant silicification. Copper sulfides also are associated with abundant sericite alteration. Total sulfides generally are elevated, from three to five volume percent in mineralized porphyry. Presence of abundant phyllic alteration and apparent high pyrite to chalcopyrite ratio in drill core suggests that drill holes cut mainly pyrite-rich zone of the porphyry.

Murray Lytle a qualified person is responsible for preparing the technical information hereto forth. Dr. Richard Neilsen, a copper porphyry consultant, has been consulting to the Company and the Q.P. to define the next exploration steps. Following are excerpts from Dr. Nielsen’s report

“ A relatively high-grade zone of copper (> 0.5%) and molybdenum mineralization appears to be present and extends from the surface at the north end of the stock and plunges in a southeasterly direction. It was intersected in the center of inclined drill hole ABC-6, near the base of drill hole ABC-5 and perhaps at the very bottom of easterly inclined drill hole ABC-2. Drill hole ABC-5 had good copper mineralization averaging 0.84 % Cu between 259 and 289 meters.

The conceptual exploration target of disseminated mineralization appears confined to the porphyry and potential exists to define a coherent body of mineralization grading 0.60 % to 1.0 % Cu with significant Moly credits.”

The Company reminds the reader that Dr. Nielsen’s report which contains forward looking statements that may not materialize and that there has been insufficient exploration to define a mineral resource on the property and that it is uncertain if further exploration will result in discovery of a mineral resource.

In response to the assay results, Juan Vegarra, Chairman of Vena stated:”We are very excited by Dr. Neilsen’s review of the Aurora property and will be following his advice to deepen hole number 5 which previously ended in mineralized material. The surface expression of Aurora is 1600 meters by 500 meters and we plan to drill at least 600 meters per hole to test the porphyry system at depth.”

Vena is planning to re-log the existing core and then begin a 2,000 meter drilling campaign immediately. Vena will re-drill hole number 5 to test the depth of the mineralized zone. At least two additional holes will be drilled to test the aerial extent of the system.

Vena Expands its Team

Vena is also pleased to announce that Miguel Grau M., LLB has been appointed to its board of directors. Mr. Grau resides in Peru and has been instrumental in the negotiation and implementation of the required legal framework to progress several internationally viable resource projects, including the Shell-Mobil Camisea project and the Antamina project. Mr. Grau is a Director of Antamina and was chairman of Minera Milpo, one of the largest Peruvian zinc producers. He is also affiliated with Bear Creek Mining, Rio Tinto and Cambior. The Company will grant Mr. Grau 150,000 incentive stock options exercisable at $0.40, subject to regulatory approval, “I am grateful that Miguel Grau has agreed to join the board of Vena. Miguel’s knowledge and contacts in Peru will be extremely helpful to us as we expand our operations in Peru”, said Juan Vegarra, Chairman of Vena Resources. ”

Also joining the Vena team is Ms. Bryce Bradley, an experienced corporate development consultant. Vena has agreed to grant 50,000 incentive stock options to Ms. Bradley exercisable at $0.40, subject to regulatory approval.

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.
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

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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.