July 18, 2006 - Toronto, Ontario – Vena Resources Inc. (TSX.V: VEM, Lima: VEM, Frankfurt: V1R, OTC: VNARF) Vena has laid claim to some highly prospective areas near the Azulcocha mine area based on historical data from the previous operator, as well as recently concluded geophysical and geological programs in conjunction with old, shallow workings. One claim was also placed over a breccia zone to the south where an intrusive penetrates the Goya Group, which also includes the Chimu Group. The exploration program is concurrent with the mine rehabilitation program. 
Uranium Targets and Las Princesas Drilling Update
Additional Uranium targets have been identified based on radon-cup analysis; several drill holes have been completed and will be assayed at the completion of this exploratory campaign. A gamma-study is currently underway and is being conducted by Val D’or Geophysics on behalf of the Company.
Drilling operations on the Las Princesas property have been suspended due to objections from some of the local communities regarding water usage. Vena is working with the appropriate authorities in order to reestablish operations at the earliest opportunity.
Board Resignation
Vena also announces that David Constable has resigned from the board of directors effective August 1st due to his plan to return to FNX Mining at that time. The Company wishes to thank Mr. Constable for his many contributions to the board during his brief tenure.
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 harbour.
For further information please visit the Company website at www.venaresources.com or contact:
Juan Vegarra – Chairman & CEO (416) 364-7739, ext. 120 or jvegarra@venaresources.com
Pro-Edge Consultants Inc., Tracy Weslosky or Fred Cowans – Managing Partners
(866) 544-9622 or (416) 581-0177 or 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.
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