Toronto, Ontario – Vena Resources Inc. (TSX.V: VEM, LIMA: VEM, Frankfurt: V1R, OTC-BB: VNARF) is pleased to announce that it has entered into a consulting agreement with Pascal Geraths Gesellschaft Für Presse – Und Öffentlichkeitsarbeit MBH Company (“Pascal Geraths GMBH”), a European public relations firm. Pascal Geraths GMBH will provide public relations advisory services to the Company inclusive, but not limited to, completing a comprehensive communications program to introduce Vena to German-speaking financial audiences of Europe. In consideration for their services, the Company will pay to Pascal Geraths GMBH a fee of 5,000 Euros per month plus expenses. In addition, Pascal Geraths has been granted 250,000 options exercisable at $0.56 as a signing bonus and an additional 200,000 options exercisable at $0.56 as a performance bonus subject to Vena’s share price trading at $1.50 for 20 consecutive days. The agreement becomes effective February 8, 2006 and is initially for a six month term and subject to a 30-day termination clause by either party. This agreement is subject to approval by the regulatory authorities.
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.
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