Vena Resources Press Releases

Luis Baertl Joins Vena Resources Board of Directors

Tue, 07 Sep 2010 02:00:00 -0400

TORONTO, ONTARIO -- (MARKET WIRE) -- 09/07/10 -- Vena Resources Inc. ("Vena" or the "Company") (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R)(OTCBB: VNARF) is pleased to announce that Mr. Luis Baertl has agreed to join Vena's Board of Directors bringing a tremendous amount of expertise to the board as we move towards production and pursue a more focused approach with our exploration portfolio.

Mr. Baertl is currently the President and CEO of La Ermita Ltda., a Chilean limited partnership involved in mining, agriculture and real estate and a board member of Luna Gold, an emerging gold producer in Brazil. Luis brings extensive financial, business and technical expertise related to the mining industry both in Latin America and internationally, having worked and consulted for several mining and financial groups. Prior to joining La Ermita, Mr. Baertl was a founder of Peru Copper which was bought out by Chinalco for $840 million and he was previously Vice President BHP Billiton, Senior Vice President of Business Development of Barrick Gold Corporation and a senior executive in mining finance for Citicorp Citibank and the Chase Manhattan Bank.

In related news, Denis Clement one of Vena's original founders has decided to depart from Vena's board to focus on other business activities. The directors and all of management of Vena are grateful for Mr. Clement's contributions over the years and wish him the best in his future endeavors.

Juan Vegarra, Chairman and CEO commented: "As we bring our first mine into production and we focus our exploration initiatives with our partners to achieve additional success, I am personally grateful that Lucho Baertl has agreed to join the board of directors. He is a well-known mining executive in Latin America and his advice and experience will be very valuable to Vena. I am sorry that Denis will be leaving the board as he has been a great director. I am glad I will continue to count with his friendship."

About Vena Resources

Vena Resources Inc. is a Canadian mining company focused on the exploration and development of Peru's mineral potential. Employing a model of diversification across metals and regions in Peru to mitigate investment risk, the Company consists of four divisions: Mining, Clean Energy, Precious Metals and Base Metals. Together with the Company's strategic partners, Cameco, Gold Fields and Trafigura, Vena will advance its significant portfolio of almost 80,000 hectares this year. Through its board of directors and advisors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance globally.

For further information on Vena Resources, please visit the Company website at www.venaresources.com.

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.

Shares Outstanding: 88,429,910

Fully-Diluted: 103,253,944

The TSX does not accept the responsibility for the adequacy or accuracy of this release.

Contacts:
Vena Resources Inc.
Juan Vegarra
Chairman & CEO
(416) 364-7739, ext. 120
jvegarra@venaresources.com

Vena Resources Inc.
Andres Tinajero
Chief Financial Officer
(416) 361-2838
atinajero@venaresources.com
www.venaresources.com

Vena to Draw Down on Standby Equity Distribution Agreement

Mon, 30 Aug 2010 22:42:00 -0400

TORONTO, ONTARIO -- (MARKET WIRE) -- 08/30/10 -- Vena Resources Inc. (the "Company" or "Vena Resources") (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R)(OTCBB: VNARF) announces that today it has provided YA Global Master SPV, Ltd. ("YA Global"), a fund managed by Yorkville Advisors, LLC, with notice of its intention to draw down $150,000 under its previously announced standby equity distribution agreement ("SEDA").

In accordance with the terms of the SEDA, the common shares to be issued to YA Global under the drawdown, subject to a minimum price of per share of $0.15, will be priced at 92.5% of the average daily price of the common shares over the ten consecutive trading days following Vena's notice of its intention to draw down on the SEDA. Based on the minimum price, the maximum number of shares to be issued under this drawdown is 1,000,000. Following the closing of the draw down, the actual price per share and the number of shares that were issued will be disclosed in a subsequent press release.

On May 5, 2010, Vena filed a short form base shelf prospectus with the securities commissions of British Columbia, Alberta and Ontario. A copy of the final short form base shelf prospectus is available on SEDAR at www.sedar.com or may be obtained upon request to the Company. In connection with the drawdown, Vena will also file immediately following the ten-day pricing period a prospectus supplement to its short-form base shelf prospectus to qualify the shares to be issued to YA Global under the drawdown notice.

In addition, Bradford Bachinski Limited, Exempt Market Dealer, will receive a cash commission equal to 7.5% of the draw down amount and broker warrants entitling the holder thereof to acquire common shares equal to 7.5% of the number of shares issued under the draw down at an exercise price equal to the market price of the common shares.

About Vena's Standby Equity Distribution Agreement (SEDA)

On March 31, 2010, Vena entered into the SEDA with YA Global Master SPV Ltd., a fund managed by Yorkville Advisors, LLC. Under the agreement, YA Global has committed to provide up to $10 million of capital for a period of 60 months, at Vena's discretion, through the purchase of newly issued common shares of the Company.

About Vena Resources

Vena Resources Inc. is a Canadian mining company focused on the exploration and development of Peru's mineral potential. Employing a model of diversification across metals and regions in Peru to mitigate investment risk, the Company consists of four divisions: Mining, Clean Energy, Precious Metals and Base Metals. Together with the Company's strategic partners, Cameco, Gold Fields, Glencore and Trafigura, Vena will advance its significant portfolio of almost 75,000 hectares this year. Through its board of directors and advisors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance globally.

For further information on Vena Resources, please visit the Company website at www.venaresources.com.

The TSX does not accept the responsibility for the adequacy or accuracy of this release.

Contacts:
Vena Resources Inc.
Juan Vegarra
Chairman & CEO
(416) 364-7739, ext. 120
jvegarra@venaresources.com

Vena Resources Inc.
Andres Tinajero
Chief Financial Officer
(416) 361-2838
atinajero@venaresources.com

Vena Resources Files NI 43-101 Report on Azulcocha Zn/Mn Project-Increases Measured and Indicated Resources to 3.75 Million Tonnes

Mon, 23 Aug 2010 02:00:00 -0400

Vena Press Release - Aug23-10 - Azulcocha.pdf

Vena Settles Draw Down on Standby Equity Distribution Agreement

Thu, 19 Aug 2010 20:21:00 -0400

TORONTO, ONTARIO -- (MARKET WIRE) -- 08/19/10 -- Vena Resources Inc. (the "Company" or "Vena") (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R)(OTCBB: VNARF) announces that it has settled $135,000 of the previously announced draw down under its standby equity distribution agreement ("SEDA") with YA Global Master SPV, Ltd. ("YA Global"), a fund managed by Yorkville Advisors, LLC.

YA Global subscribed for $15,000 per day for nine days during the draw down pricing period for an aggregate investment of $135,000. Under the draw down, the Company will issue 672,477 common shares at a price of $0.2008 per common share being 92.5% of the average daily price of the common shares over the ten consecutive trading days following Vena's notice of its intention to draw down on the SEDA.

The Company will use the proceeds to commence a resource delineation program via an underground development program, as well as a new permitting process and metallurgical tests at the Pukara polymetallic project.

On May 5, 2010, Vena filed a short form base shelf prospectus with the securities commissions of British Columbia, Alberta and Ontario. In addition, Vena has filed a prospectus supplement to its short form base shelf prospectus to qualify the shares issued to YA Global. Copies of the prospectus supplement and accompanying base prospectus are available on SEDAR at www.sedar.com or may be obtained upon request to the Company.

In addition, Bradford Bachinski Limited, Exempt Market Dealer, will receive a cash commission equal to $10,125 and broker warrants entitling the holder thereof to acquire 50,435 common shares at an exercise price of $0.21 for 15 months from the date of issuance of the broker warrants.

Securities Laws Matters

Securities legislation in certain of the provinces of Canada provides purchasers with the right to withdraw from an agreement to purchase securities. This right may be exercised within two business days after receipt or deemed receipt of a prospectus and any amendment. The securities legislation further provides a purchaser with remedies for rescission or, in some jurisdictions, revisions of the price or damages if the prospectus and any amendment are not delivered to the purchaser, provided that the remedies for rescission, revisions of the price or damages are exercised by the purchaser within the time limit prescribed by the securities legislation of the purchaser's province. However, such rights and remedies will not be available to purchasers of common shares distributed under this prospectus because the prospectus will not be delivered to purchasers, as permitted under a decision document issued by the Ontario Securities Commission on March 16, 2010.

The securities legislation further provides a purchaser with remedies for rescission or, in some jurisdictions, revisions of the price or damages if the prospectus and any amendment contain a misrepresentation, provided that the remedies for rescission, revisions of the price or damages are exercised by the purchaser within the time limit prescribed by the securities legislation of the purchaser's province. Such remedies remain unaffected by the non-delivery of the prospectus, as permitted under the decision document referred to above.

The purchaser should refer to any applicable provisions of the securities legislation of the purchaser's province for the particulars of these rights or consult with a legal adviser.

About Vena's Standby Equity Distribution Agreement (SEDA)

About Vena Resources

Vena Resources Inc. is a Canadian mining company focused on the exploration and development of Peru's mineral potential. Employing a model of diversification across metals and regions in Peru to mitigate investment risk, the Company consists of four divisions: Mining, Clean Energy, Precious Metals and Base Metals. Together with the Company's strategic partners, Cameco, Gold Fields, Glencore and Trafigura, Vena will advance its significant portfolio of almost 75,000 hectares this year. Through its board of directors and advisors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance globally.

For further information on Vena Resources, please visit the Company website at www.venaresources.com.

The TSX does not accept the responsibility for the adequacy or accuracy of this release.

Contacts:
Vena Resources Inc.
Juan Vegarra
Chairman & CEO
(416) 364-7739, ext. 120
jvegarra@venaresources.com

Vena Resources Inc.
Andres Tinajero
Chief Financial Officer
(416) 361-2838
atinajero@venaresources.com
www.venaresources.com

Vena to Draw Down on Standby Equity Distribution Agreement

Thu, 05 Aug 2010 00:09:00 -0400

TORONTO, ONTARIO -- (MARKET WIRE) -- 08/05/10 -- Vena Resources Inc. (the "Company" or "Vena Resources") (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R)(OTCBB: VNARF) announces that it has provided YA Global Master SPV, Ltd. ("YA Global"), a fund managed by Yorkville Advisors, LLC, with notice of its intention to draw down $150,000 under its previously announced standby equity distribution agreement ("SEDA").

In addition, Bradford Bachinski Limited, Exempt Market Dealer, will receive a cash commission equal to 7.5% of the draw down amount and broker warrants entitling the holder thereof to acquire common shares equal to 7.5% of the number of shares issued under the draw down and at an exercise price equal to the issue price of the shares issued under the draw down.

About Vena's Standby Equity Distribution Agreement (SEDA)

About Vena Resources

Vena Resources Inc. is a Canadian mining company focused on the exploration and development of Peru's mineral potential. Employing a model of diversification across metals and regions in Peru to mitigate investment risk, the Company consists of four divisions: Mining, Clean Energy, Precious Metals and Base Metals. Together with the Company's strategic partners, Cameco, Gold Fields, Glencore and Trafigura, Vena will advance its significant portfolio of almost 75,000 hectares this year. Through its board of directors and advisors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance globally.

The TSX does not accept the responsibility for the adequacy or accuracy of this release.

Contacts:
Vena Resources Inc.
Juan Vegarra
Chairman & CEO
(416) 364-7739, ext. 120
jvegarra@venaresources.com

Vena Resources Inc.
Andres Tinajero
Chief Financial Officer
(416) 361-2838
atinajero@venaresources.com
www.venaresources.com

Vena Intersects 54 Metres of 1.438 lb/mt U3O8 Including a High Grade Interval of 9.7 Metres Grading 5.913 lb/mt U3O8 at Macusani, Peru

Tue, 03 Aug 2010 08:00:00 -0400

TORONTO, ONTARIO--(Marketwire - Aug. 3, 2010) - Vena Resources Inc. (TSX:VEM)(LIMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF), a Company with strong partnerships with four of the world's largest mining companies, is pleased to provide an update on Minergia S.A.C.'s exploration of the Macusani uranium project located in Puno department, southeast Peru.

Minergia (a jointly held company by Vena and Cameco Corporation, whereby Cameco is earning a 50% interest in the Company's uranium properties) has recently completed the second drill campaign at Macusani. The program consisted of 65 diamond drill holes totalling 12,316.8 metres that tested four of the uranium prospects on the property. A total of 3,499 samples including standards and blanks were submitted for assay during the campaign. The drill program was designed to test for continuity and grade of uranium mineralization within a near surface, sub-horizontal, 30 to 80 metre thick horizon (B Level) of rhyolitic pyroclastics hosting fracture-filling and disseminated autunite and torbernite. A similar but generally thinner and less continuous horizon (A Level) occurs approximately 50 metres higher stratigraphically.

A preliminary NI 43-101 compliant resource will be calculated for the Tantamaco zone during the third quarter, 2010 based on the recent drilling and the 31 holes totaling 6,670 metres drilled during the first campaign in 2007/ 08.

Tables of the drill hole locations (Drill Hole Data – Macusani Project – 2^nd Campaign) and mineralized intervals (Drill Hole Intersections – Macusani Project – 2^nd Campaign) are available on the Vena web site. The weighted averages have been calculated over down hole intercepts and do not represent true widths.

Tantamaco Prospect

The Tantamaco drilling program consisted of 45 holes totalling 9241.4 metres and covered an area of approximately 900 metres by 600 metres (refer to Tantamaco Prospect- Diamond Drill Program on Vena web site for drill hole data). The second drill campaign successfully proved the continuity of the mineralization to the south and west and indicated an improvement in thickness and grade in this direction. More importantly, holes TA-2010-074 and TA-2010-079 in the southwest corner of the drill grid showed a marked increase in disseminated uranium mineralization over considerable core lengths. Drill holes TA-2010-084 and TA-2010-085 were added to the drill plan in order to increase the data in this area prior to laying out the next drill program. A few of the highlights of the campaign are included in the following table:

DDH No.		From (m)	To (m)	Length (m)	% U3O8	lb/ tm U3O8
TA-2010-059		194.45	212.30	17.85	0.067	1.476
TA-2010-061		169.30	187.80	18.50	0.049	1.070
TA-2010-068		173.55	197.00	23.45	0.058	1.267
TA-2010-071		163.25	184.00	20.75	0.060	1.327
TA-2010-074		101.30	112.00	10.70	0.078	1.712
TA-2010-079		97.00	151.00	54.00	0.088	1.438
	Including	141.30	151.00	9.70	0.268	5.913
TA-2010-084		112.80	120.00	7.20	0.124	2.736

David Bent, Vice President of Vena commented: "The broad intersections of more uniformly disseminated uranium mineralization in Tantamaco holes 061, 074, 079, 084 and 085 have been very encouraging. There appears to be a structural corridor paralleling the small, central gully striking northeast – southwest that controls the higher grade mineralization. The zone is open to the southwest and there is a marked increase in grade in this direction which will be the focus of the next drill campaign that is anticipated to start in November."

Calvario Real, Tuturumani and Isivilla Prospects

Scout drilling was successful in identifying an area of shallow uranium mineralization at the Isivilla prospect that will be followed up in the next drill campaign. The two best holes were:

DDH No.		From (m)	To (m)	Length (m)	% U3O8	lb/ tm U3O8
IS-2010-004		8.20	28.10	19.90	0.037	0.811
	Including	17.50	23.60	6.10	0.095	2.088
IS-2010-006		6.65	62.70	56.05	0.032	0.493
	Including	38.70	45.50	6.80	0.155	3.418

This press release has been reviewed and approved by David Bent, P. Geol., Vena's Vice President of Exploration and Qualified Person as defined by N1 43-101. Vena's exploration and development programs are being supervised by Mr. Bent. All core samples were prepared and analyzed by CIMM Peru, an ISO certified laboratory in Lima, Peru. The program is designed to include a comprehensive analytical quality control routine comprising the systematic use of standards, blanks and field duplicate samples. A batch of 159 samples (pulps and rejects) has been sent to the Saskatchewan Research Council laboratory in Saskatoon, Canada to check the preparation and assay procedures of the Lima lab.

About Vena Resources

Vena Resources Inc. is a Canadian mining company focused on the exploration and development of Peru's mineral potential. Employing a model of diversification across metals and regions in Peru to mitigate investment risk, the Company consists of four divisions: Mining, Clean Energy, Precious Metals and Base Metals. Together with the Company's strategic partners, Cameco, Gold Fields, Glencore and Trafigura, Vena will advance its significant portfolio of almost 75,000 hectares this year. Through its board of directors and advisors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance globally.

Shares Outstanding: 88,429,910

Fully-Diluted: 103,953,944

The TSX does not accept the responsibility for the adequacy or accuracy of this release.

For more information, please contact

Vena Resources Inc.
Juan Vegarra
Chairman & CEO
(416) 364-7739, ext. 120
jvegarra@venaresources.com
or
Vena Resources Inc.
Andres Tinajero
Chief Financial Officer
(416) 361-2838
atinajero@venaresources.com
www.venaresources.com

To request drilling data for the recent Macusani drill campaign, please click here and a representative of the Company will contact you.

Vena Intersects 54 Metres of 1.438 lb/mt U3O8 Including a High Grade Interval of 9.7 Metres Grading 5.913 lb/mt U3O8 at Macusani, Peru

Mon, 02 Aug 2010 02:00:00 -0400

TORONTO, ONTARIO -- (MARKET WIRE) -- 08/02/10 -- Vena Resources Inc. (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R)(OTCBB: VNARF), a Company with strong partnerships with four of the world's largest mining companies, is pleased to provide an update on Minergia S.A.C.'s exploration of the Macusani uranium project located in Puno department, southeast Peru.

Tables of the drill hole locations (Drill Hole Data - Macusani Project - 2nd Campaign) and mineralized intervals (Drill Hole Intersections - Macusani Project - 2nd Campaign) are available on the Vena web site. The weighted averages have been calculated over down hole intercepts and do not represent true widths.

Tantamaco Prospect


----------------------------------------------------------------------------
DDH No.               From (m)    To (m)   Length (m)   % U3O8   lb/ tm U3O8
----------------------------------------------------------------------------
TA-2010-059            194.45    212.30        17.85     0.067         1.476
TA-2010-061            169.30    187.80        18.50     0.049         1.070
TA-2010-068            173.55    197.00        23.45     0.058         1.267
TA-2010-071            163.25    184.00        20.75     0.060         1.327
TA-2010-074            101.30    112.00        10.70     0.078         1.712
TA-2010-079             97.00    151.00        54.00     0.088         1.438
   Including           141.30    151.00         9.70     0.268         5.913
TA-2010-084            112.80    120.00         7.20     0.124         2.736
----------------------------------------------------------------------------

David Bent, Vice President of Vena commented: "The broad intersections of more uniformly disseminated uranium mineralization in Tantamaco holes 061, 074, 079, 084 and 085 have been very encouraging. There appears to be a structural corridor paralleling the small, central gully striking northeast - southwest that controls the higher grade mineralization. The zone is open to the southwest and there is a marked increase in grade in this direction which will be the focus of the next drill campaign that is anticipated to start in November."

Calvario Real, Tuturumani and Isivilla Prospects

Scout drilling was successful in identifying an area of shallow uranium mineralization at the Isivilla prospect that will be followed up in the next drill campaign. The two best holes were:


----------------------------------------------------------------------------
DDH No.               From (m)    To (m)   Length (m)   % U3O8   lb/ tm U3O8
----------------------------------------------------------------------------
IS-2010-004              8.20     28.10        19.90     0.037         0.811
   Including            17.50     23.60         6.10     0.095         2.088
IS-2010-006              6.65     62.70        56.05     0.032         0.493
   Including            38.70     45.50         6.80     0.155         3.418
----------------------------------------------------------------------------

About Vena Resources

Vena Resources Inc. is a Canadian mining company focused on the exploration and development of Peru's mineral potential. Employing a model of diversification across metals and regions in Peru to mitigate investment risk, the Company consists of four divisions: Mining, Clean Energy, Precious Metals and Base Metals. Together with the Company's strategic partners, Cameco, Gold Fields, Glencore and Trafigura, Vena will advance its significant portfolio of almost 75,000 hectares this year. Through its board of directors and advisors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance globally.

Shares Outstanding: 88,429,910

Fully-Diluted: 103,953,944

The TSX does not accept the responsibility for the adequacy or accuracy of this release.

Contacts:
Vena Resources Inc.
Juan Vegarra
Chairman & CEO
(416) 364-7739, ext. 120
jvegarra@venaresources.com

Vena Resources Inc.
Andres Tinajero
Chief Financial Officer
(416) 361-2838
atinajero@venaresources.com
www.venaresources.com

Vena's Partner Trafigura Investing US$2.5 Million to Advance Azulcocha Zinc Mine to Production

Mon, 26 Jul 2010 02:00:00 -0400

TORONTO, ONTARIO -- (MARKET WIRE) -- 07/26/10 -- Vena Resources Inc. (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R)(OTCBB: VNARF), a Company with strong partnerships with four of the world's largest mining companies, is pleased to announce that it has enhanced its agreement with Trafigura Beheer B.V. ("Trafigura"), a privately-held international commodity trader, to invest immediately in the Azulcocha project with the goal to increase the known resources/reserves and complete all the engineering required for an up to 2,000 tpd operation including a new tailings deposit.

To advance the core agreement already in place, Trafigura will lend to Azulcocha Mining SA, a wholly-owned subsidiary of Vena Resources, US$2.5 million in the form of a 9% convertible debenture with a two year term exercisable into common shares of Azulcocha Mining SA for a 15% ownership of the Azulcocha Regional Project. In addition, Trafigura has the option to increase its participation up to 51% in Azulcocha Mining SA if additional milestones are achieved. Vena will grant 4,016,913 warrants to Trafigura, such warrants being exercisable as to 2,272,727 warrants exercisable into common shares at $0.33 for a period of 18 months post closing and 1,744,186 warrants exercisable into common shares at $0.43 for a period of 24 months post closing.

The US$2.5 million are earmarked to complete the following significant milestones:


--  Complete rehabilitation of mining levels -40, 0 and 115 to prepare
    586,000 tonnes of ore for mining
--  Underground development of 300 metres of crosscuts and exploration
    drifts at level -40 to enable a 12-hole, 1,000 metre underground drill
    program intended to upgrade 256,000 tonnes of resources
--  Complete detailed engineering of a 2,000 tpd processing plant and
    supporting tailings deposit
--  Modification of the existing EIA to include an 8 million tonnes tailings
    deposit
--  Complete all required permits to begin mill construction by mid-2011

Juan Vegarra, Chairman and CEO of Vena commented: "Together with Trafigura we have decided to amend the currently approved 500 tpd EIA and overall engineering project to support a 2,000 tpd operation including a larger tailings deposit and to increase the tonnage and upgrade the resource quality of the underground mine. Vena will be releasing an updated NI 43-101 in the near future which will merit a larger operation leading to lower operating costs allowing the Company to better deal with the current volatility in the Zinc market and be ready to scale up operations as the global economy rebounds in the near-term."

About Vena Resources

Vena Resources Inc. is a Canadian mining company focused on the exploration and development of Peru's mineral potential. Employing a model of diversification across metals and regions in Peru to mitigate investment risk, the Company consists of four divisions: Mining, Clean Energy, Precious Metals and Base Metals. Together with the Company's strategic partners, Cameco, Gold Fields, Glencore and Trafigura, Vena will advance its significant portfolio of almost 75,000 hectares this year. Through its board of directors and advisors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance globally.

About Trafigura Beheer B.V.

Trafigura Beheer B.V. is one of the world's leading international commodity traders, specializing in the oil, minerals and metals market, with 67 offices in 44 countries in Europe, Africa, Asia, Australia, and North, Central and South America. Its principal corporate offices are in Amsterdam, London and Lucerne. Trafigura's primary trading businesses are the supply and transport of crude oil, petroleum products, renewable energies, non-ferrous concentrates and refined metals. It is the world's second largest independent non-ferrous trading company and the third largest independent oil trader. Founded in 1993, the company is owned by its founding shareholders and senior management. It has achieved substantial growth in the last five years, growing turnover from US$18 billion in 2004 to US$47 billion in 2009.

Shares Outstanding: 88,429,910

Fully-Diluted: 103,953,944

The TSX does not accept the responsibility for the adequacy or accuracy of this release.

Contacts:
Vena Resources Inc.
Juan Vegarra
Chairman & CEO
(416) 364-7739, ext. 120
jvegarra@venaresources.com

Vena Resources Inc.
Andres Tinajero
Chief Financial Officer
(416) 361-2838
atinajero@venaresources.com
www.venaresources.com

Vena Upgrades 1,000,000 Tonnes to Measured Resources at Azulcocha

Fri, 09 Jul 2010 02:00:00 -0400

TORONTO, ONTARIO -- (MARKET WIRE) -- 07/09/10 -- Vena Resources Inc. (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R)(OTCBB: VNARF), a Company with strong partnerships with four of the world's largest mining companies, is pleased to announce that Henkle and Associates has completed the resource estimate for Vena's Azulcocha mine. The updated estimate significantly upgrades the tonnage available for production in the near term. Henkle's report will be published within 45 days and will include a resource estimate for the Manganese mineralized portions of the Azulcocha Cuerpo as well.

In February 2008, Vena reported an "indicated resource" of 865,132 tonnes containing 10% Zinc at a cut-off of 5%. Based on the ongoing underground work that has been undertaken since 2008, Vena can now report that it has upgraded more than 900,000 tonnes to a "measured resource" category as well as additional indicated and inferred tonnage as the following table outlines:


----------------------------------------------------------------------------
% Cut-Off Measured % Zinc  % Mn Indicated % Zinc  % Mn Inferred % Zinc  % Mn
----------------------------------------------------------------------------
5.00       902,457   8.40 11.60   771,941   7.90  9.90  320,310   8.10  6.00
4.00     1,023,094   7.90 11.70   978,808   7.20 12.10  424,832   7.30 10.80
3.00     1,381,083   6.70 12.80 1,299,343   6.20 12.90  570,292   6.30 12.50
2.50     1,417,811   6.60 12.80 1,358,573   6.10 12.70  627,780   6.00 12.60
----------------------------------------------------------------------------

Juan Vegarra, Chairman and CEO of Vena commented:

"We are pleased to report more than 900,000 tonnes of measured resources as well as a significant upside in the indicated/inferred category. We are confident that the final NI 43-101 report will contain significant credits in the Manganese mineralized portions of the Cuerpo to make Azulcocha a viable mine given current market prices."

This report was prepared by William R. Henkle, Jr., P.Geo., Vena's Qualified Person as defined by NI 43-101.

About Vena Resources

Vena Resources Inc. is a Canadian mining company focused on the exploration and development of Peru's mineral potential. Employing a model of diversification across metals and regions in Peru to mitigate investment risk, the Company consists of four divisions: Mining, Clean Energy, Precious Metals and Base Metals. Together with the Company's strategic partners, Cameco, Gold Fields, Glencore and Trafigura, Vena will advance its significant portfolio of almost 75,000 hectares this year. Through its board of directors and advisors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance globally.

Shares Outstanding: 88,429,910

Fully-Diluted: 103,253,944

The TSX does not accept the responsibility for the adequacy or accuracy of this release.

Contacts:
Vena Resources Inc.
Juan Vegarra
Chairman & CEO
(416) 364-7739, ext. 120
jvegarra@venaresources.com

Vena Resources Inc.
Andres Tinajero
Chief Financial Officer
(416) 361-2838
atinajero@venaresources.com
www.venaresources.com

Vena Increases Its Holdings in Amantina/Esquilache Gold Region

Thu, 13 May 2010 12:52:00 -0400

Vena - May13-10 PR.pdf