September 29, 2006 - Toronto, Ontario – Vena Resources Inc. (TSX.V: VEM, Lima: VEM, Frankfurt: V1R, OTC: VNARF) confirms that the Company is in discussions with Southern Copper Corp. to jointly bid for the Michiquillay copper project http://www.proinversion.gob.pe/english/oportunidades/SM/sm002.htm in Peru as reported by Reuters and The Financial Post.

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

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

Pro-Edge Consultants Inc., Tracy Weslosky or Fred Cowans – Managing Partners

(866) 544-9622 or (416) 581-0177 – info@pro-edge.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.