May 1, 2006-- Toronto, Ontario – Vena Resources Inc. (“Vena” or the “Company”) (TSX.V: VEM, Lima: VEM, Frankfurt: V1R, OTC: VNARF) is pleased to announce that drill rigs are under contract to drill the Company’s first Uranium target in Concharrumio, Mucasani and to drill at the Company’s Las Princesas gold/silver project. In addition, to further advance its Uranium properties, Vena is placing 1,000 radon cups throughout the Macusani and other regions to help identify and prioritize additional Uranium targets for subsequent Uranium drilling campaigns.

Vena is also pleased to report that Greg Myers, PhD – Geology is reviewing the technical information gathered thus far on the Aucapampa copper/gold/iron skarn project. His initial analysis has led Vena to re-assess the potential of the Aucapampa project. Vena is now planning to expand geophysical coverage of the 3,000 Ha project to design a fourth drilling campaign. This campaign will test the extension of the currently known gold-copper mineralization and expand the drill testing of the mineralized skarn into new areas defined by surface mapping, sampling, and geophysical surveys. The coverage of the ground magnetic and IP surveys is being expanded significantly to evaluate the area of the prospective gold and copper targets.

Dr. Myers evaluation identified a well developed metal zoning in the skarn with a copper rich zone with gold proximal to the biotite granodiorite, a central zone rich in pyrite and magnetite with minor copper and gold, and a distal zone near the marble-skarn contact with copper, gold, and elevated zinc values. The intensity of alteration and the volume of sulfide mineralization are very encouraging. The next phase of drilling will target: (1) the iron-copper-gold bearing skarn at the biotite granodiorite contact expanding mineralized zones intersected in previous drilling campaigns; and (2) the previously untested copper-gold-zinc mineralization at the skarn-marble contact which was identified by surface mapping, rock chip sampling, and geophysics.

The skarn hosted mineralization is dominated by magnetite with lesser amounts of pyrite and chalcopyrite. Gold mineralization is associated with chalcopyrite and with zones of pyrite without chalcopyrite. A significant iron resource may exist in the various skarn phases and will be further evaluated with the copper and gold. The new prospective area is at least 500 meters long, up to 100 meters wide, and continues under post mineral cover. Additional targets were identified around the margin of the large intrusive complex and the expanded geophysical surveys will add to the delineation of these new, previously untested skarn targets.

Greg Myers, PhD is the qualified person who has reviewed the work in the Aurora Cu/Mo porphyry system and the Aucapampa Au/Cu skarn project. Dr. Myers managed the department of exploration in and around the BHP Tintaya open pit copper mine in southern Peru. His tenure at BHP’s Tintaya was extremely successful more than tripling the mineable reserve from 48 million tonnes to over 175 million tonnes in just three years. He is a specialist in skarn and porphyry hosted mineralization and has studied and explored these types of systems worldwide for more than 25 years.

In other news, the board of directors is granting 150,000 options to its engineering team in Peru. The options are exercisable at $.85 and are 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 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 – email jvegarra@venaresources.com

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