March 1, 2006--Toronto , Ontario – Vena Resources Inc. (TSX.V: VEM, LIMA: VEM, Frankfurt; V1R) reports the discovery of a new high-grade Uranium target in Macusani resulting from the on-going uranium exploration and sampling at the Company's extensive uranium concessions. The project area comprises 15,500 hectares of 100% controlled land in Puno, Peru. Previous campaigns also found significant mineralization as reported on February 13, 2006.

New High-Grade Discovery

A new area that extends for two hectares - Calvario Chico East, has been identified where surface grab samples have returned the following values using the X-Ray Diffraction method:

Calvario Chico East is in addition to the targets already identified in Macusani: Concharrumio East, Concharrumio West, Concharrumio Center, Calvario Chico West, Isivilla, Tantamarco North, Tuturamani East and Tuturamani Center; as well as the previously announced disseminated sandstone targets in the Munani region.

The Company is developing a more complete understanding of the geological nature of the uranium mineralization occurrences in Macusani and Munani and is preparing a drilling campaign in the Concharrumio prospects in Macusani as soon as government permits are received to test these targets at depth and produce a 43-101 compliant resource estimate.

The company is pleased to report that it has received the required agreement with the community of Corani to embark on a detailed exploration program, including drilling. Vena has hired Val D’Or to begin a geophysics campaign for better target definition. Radon detectors will be placed in areas covered by Quaternary sediments as part of this campaign.

Samples are shipped to ActLabs in Lima, Peru for preparation. The prepared samples are then sent to their facilities in Ontario, Canada for assaying.

Robert Fong, 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 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:

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

Juan Vegarra – Chairman & CEO (416) 364-7739, ext. 120 – email jvegarra@venaresources.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.