The Las Princesas concessions comprise 1,050 hectares located in La Libertad Department, Santiago de Chuco Province in Perú. The property is accessible by paved highway from Trujillo to within eight kilometers of the concessions. The final approach from the highway is on a narrow dirt road from Barrick Gold’s new Alto Chicama mine at an elevation of 4,000 meters.

Las Princesas is sandwiched between the Quiruvilca Mine, recently acquired by Pan American Silver, and the new Barrick Gold mine of Alto Chicama. Given such an auspicious location, the Company believes that this property will yield significant mineralization and look for it to leadto a profitable mining operation.

Vena Resources has recently completed a month-long surface sampling and geological mapping program which resulted in several anomalous gold values of between 2 and 3 grams per tonne, coinciding with lead values above 10%. These results came from an area of vein “swarms”, and the presence of a large stockwork is conjectured. A number of 1 to 2 meter-wide veins have also been identified and may form the basis of an early “cash flow generator”.