January 5, 2011

Toronto, Ontario – Vena Resources Inc. (TSX: VEM, LIMA: VEM, Frankfurt: V1R, OTC-BB: VNARF), a Company with strong partnerships with some of the world’s largest mining companies, is pleased to announce the ongoing underground drill program at the Azulcocha mine has discovered an extension of the mineralized breccia from level -40 down to level -155. The mine was historically thought to diminish at level -40 but remain open along strike. The discovery of an additional 115 metres of the mineralized breccia structure (assays pending from completed holes 8 through 15) should increase the known resource base.

Juan Vegarra, Chairman and CEO of Vena Resources, stated: “There is no doubt Azulcocha will continue to provide great surprises – we are keen to begin mill construction when government permits are received around March/April. All 20 holes from the ongoing underground drill program are expected to be completed by the end of January. Given this discovery, we will consider preparing the engineering documents required to increase mill throughput capacity.”

This press release has been reviewed and approved by David Bent, P. Geo., Vena’s Vice President of Exploration and Qualified Person as defined by NI 43-101. Vena’s exploration and development programs are being supervised by Mr. Bent.

For further information on Vena Resources, please visit the Company website at www.venaresources.com, its Facebook page or contact: Juan Vegarra – Chairman & CEO - (416) 364-7739, ext. 120 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

_{The TSX 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.}