September 14, 2006 - Toronto, Ontario – Vena Resources Inc. (TSX.V: VEM, Lima: VEM, Frankfurt: V1R, OTC: VNARF) announces that it has increased its ownership in COMPAÑIA MINERA NUEVA PRINCESA S.A.C. – owner of Las Princesas gold/silver exploration project in northern Peru from 60% to 78.27%. Also at Las Princesas, Management is pleased to report that after a thorough review of Vena’s drilling plans by a community in the area who were concerned about water usage, the community and Vena have reached an agreement which will allow Vena to resume drilling.

Las Princesas property is favorably located adjacent to and between the operating Quiruvilca silver mine (Pan American Silver, 2.2 million ounces silver produced in 2005) and the more than 9 million ounce Lagunas Norte gold mine recently put into production by Barrick Gold in the Alto Chicama region of northern Peru.

Juan Vegarra , Vena’s CEO stated,

“We are pleased that through cooperation and communication, we were able to put an agreement in place with a local community to resume drilling at our Las Princesas property. It is good to see the Garcia government making strides on behalf of foreign investment to push for quick resolutions to mining and agricultural issues. As such, we are confident that drilling will resume in the very near future. Given the resolution of all local issues the company decided to increase its ownership of the project as well.”

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.