Vena Resources Inc. Vena Resources Inc. http://euroir.com/ir/venaresources en-US 19 May 2009 14:56:00 GMT 10 Feb 2012 17:42:14 GMT [Press Release] Vena Discovers Significant Gold Disseminated Near Surface at Azulcocha Mine message_1080 19 May 2009 14:56:00 GMT http://euroir.com/ir/venaresources/messages/1080 Vena Resources Inc. ("Vena" or the "Company") (TSX:VEM)(LIMA:VEM)(FRANKFURT:V1R) is pleased to announce that after an extensive review of the geochemical, geophysical, surface sampling and drill data, there is confirmation of a significant presence of disseminated and stockwork gold within the near surface footwall sandstone units of the Azulcocha mine. The best intercept to date is 16.9 meters of 2.46 gpt Au within the sandstone as seen below on the longitudinal section and the cross section of DDH - S18.


The gold mineralization appears to be related to a later mineralizing event than the emplacement of the Azulcocha base metal deposit.

Results of a surface diamond drill program consisting of 29 holes totaling 2,810.5 meters confirms the potential for gold mineralization in the Azulcocha mine. Based on the results of 10 holes over a strike length of 240 meters in an east-west direction it has been determined that gold mineralization occurs in disseminated form as well as in stockwork structures related to the regional Cochas-Gran Bretana fault and is hosted in the foot wall.

Gold mineralization has been encountered from the outcrop area of the Azulcocha base metals deposit to the 80 working level. The potential to discover gold mineralization is open in an east-west direction along the Cochas-Gran Bretana fault and to depth. Exploration through diamond drilling and underground development would be possible from the existing levels of the Azulcocha mine.

The Goyllarisquizga Formation sandstone is recognized as a favorable host for both disseminated and high grade gold mineralization in northern Peru where it is the host rock of the Santa Rosa, Virgen and La Arena deposits. This type of mineralization has not been a target for exploration at the Azulcocha mine previously and the potential exists to find a significant gold deposit on the property. This is a virgin discovery.

T

All of the recent and historical drill holes within the sandstone are being studied in detail prior to planning an exploration program targeted specifically to evaluate the sandstone-hosted gold mineralization. Preliminary metallurgical testing will form a part of the study.

The drilling program was supervised by William R. Henkle, Jr. P.Geo., Vena's Qualified Person as defined by NI 43-101. Core samples were cut with a diamond saw, with one-half of the core placed in sealed bags and shipped to SGS in Lima, Peru, an ISO certified assay laboratory. The program included an extensive quality control program for assaying which included the systematic use of standards, blanks, and field duplicate samples. Secondary laboratories were also used for check assaying.

For further information on Vena Resources, please visit the Company website at www.venaresources.com. Interested parties are also invited to visit the Vena Resources IR Hub at

Shares Outstanding: 79,700,324

Fully-Diluted: 88,406,575

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









]]> [Press Release] Vena Receives Positive Update on Pucara Gold/Copper Project message_1017 11 May 2009 14:58:00 GMT http://euroir.com/ir/venaresources/messages/1017 Vena Resources Inc. ("Vena" or "the Company") (TSX:VEM - News; LIMA:VEM - News; FRANKFURT:V1R - News) is pleased to announce it has received a final report from Consorcio Minero Horizonte (CMH), a well known Peruvian mining company that is reviewing the Pucara project in Puno, Peru as previously reported. CMH has completed with all the requirements of the Letter of Intent. Next steps, if any, will be discussed by both companies in the short term.

CMH's re-sampling program found strong correlation to the data already reported by Vena, moreover the remapping of several outcropping veins found wider zones than previously reported. Some of these zones can be considered as potential ore-shoots that merit additional geological structural study.

Metallurgical tests were performed on two samples: the stockpile from the Katy vein and a drill core composite from several drill holes. The overall analysis concluded that the mineralogy is of easy liberation and good floatation with good distribution of gold in the bulk concentrate and excellent gold dissolution in the leaching test. A summary of the results are shown below:



---------------------------------------------------------------------------
                                                                      Flotation
                  ---------------------------------------------------------------------------
                                  Head Grade         Concentrate Bulk          % Recovery
                  ---------------------------------------------------------------------------
                               Katy       Core          Katy      Core       Katy        Core
                          Stockpile  Composite     Stockpile Composite  Stockpile   Composite
                  ---------------------------------------------------------------------------
                  Au g/t       3.85       3.61         13.25     15.98      90.90       91.30
                  ---------------------------------------------------------------------------
                  Ag g/t      11.50       5.98         42.12     23.87      87.42       86.70
                  ---------------------------------------------------------------------------
                  %Cu          2.99       0.89         11.34      3.64      87.24       89.32
                  ---------------------------------------------------------------------------
                  
                  ---------------------------------------------------------------------------
                                                           Leaching
                  ---------------------------------------------------------------------------
                                  Head Grade               Tailings          % Extraction
                  ---------------------------------------------------------------------------
                               Katy       Core          Katy      Core       Katy        Core
                          Stockpile  Composite     Stockpile Composite  Stockpile   Composite
                  ---------------------------------------------------------------------------
                  Au g/t       3.85       3.61          0.41      0.46      88.93       87.02
                  ---------------------------------------------------------------------------
                  Ag g/t      11.50       5.98          4.45      2.05      62.09       60.25
                  ---------------------------------------------------------------------------


To confirm the mineral potential, leading to a National Instrument 43-101 resource compliant report, CMH recommends an additional 2,200 meter drill program in ten drill holes. Mineralogical studies determined that chalcopyrite, bornite and sphalarite (hematite) are the most abundant minerals. In total, 34 core segments were re-sampled from 17 drill holes.



----------------------------------------------------------------------------
                                                                     MESH (g/t)    CMH    VENA
                  SAMPLE VENA             ----------------------------------------------------
                  CMH    Drill Hole         From      To Length Au +200 Au -200 Au g/t  Au g/t
                  ----------------------------------------------------------------------------
                  76912  PK-DDH 004 - 07   69.85   70.75   0.90    0.09    1.04   1.13    1.55
                  76913  PK-DDH 004 - 07   70.75   71.75   1.00    0.25    6.94   7.19    6.40
                  76914  PK-DDH 004 - 07   71.75   72.55   0.80    0.06    0.76   0.82    1.03
                  76907  PK-DDH 005 - 07  121.60  122.10   0.50    0.01    0.12   0.13    1.64
                  76908  PK-DDH 005 - 07  190.80  191.65   0.85    0.05    0.93   0.98    0.50
                  75698  PK-DDH 006 - 07   29.05   29.75   0.70    0.01    1.03   1.04    2.15
                  75699  PK-DDH 006 - 07   87.60   88.90   1.30    0.05    1.27   1.32    1.67
                  75700  PK-DDH 006 - 07  207.10  208.90   1.80    0.13    1.64   1.77    1.87
                  76901  PK-DDH 006A - 07 208.90  210.75   1.85    0.06    2.92   2.98    2.07
                  76909  PK-DDH 006A - 07 170.10  171.50   1.40    0.23    0.96   1.19    0.78
                  76910  PK-DDH 006A - 07 176.70  177.90   1.20    0.16    0.46   0.62    0.89
                  76902  PK-DDH 007 - 07   69.00   69.75   0.75    0.22    7.04   7.26    2.82
                  76903  PK-DDH 007 - 07   86.30   87.30   1.00    0.45    4.27   4.72    6.21
                  76906  PK-DDH 008 - 07   29.00   30.20   1.20    0.02    0.65   0.67    0.74
                  76915  PK-DDH 009 - 07   45.80   46.50   0.70    0.14    1.90   2.04    2.44
                  76916  PK-DDH 009 - 07   56.80   58.10   1.30    0.04    1.02   1.06    0.93
                  76917  PK-DDH 010 - 07  150.10  152.05   1.95    0.05    1.40   1.45    1.24
                  76918  PK-DDH 010 - 07  165.50  166.70   1.20    0.08    1.87   1.95    0.93
                  76919  PK-DDH 010A - 07  64.60   66.10   1.50    0.04    5.18   5.22    5.63
                  75692  PK-DDH 011 - 07   27.10   29.20   2.10    0.74    0.99   1.73    1.36
                  75693  PK-DDH 011 - 07  102.70  104.60   1.90    0.27    3.23   3.50    3.04
                  75694  PK-DDH 011 - 07  115.15  119.15   4.00    0.92    3.64   4.56    3.04
                  76920  PK-DDH 012 - 07   53.80   54.80   1.00    0.16    1.85   2.01    1.07
                  76921  PK-DDH 012A - 07  50.50   52.50   2.00    0.10    0.56   0.66    2.78
                  76922  PK-DDH 012A - 07  52.50   54.10   1.60    0.39    2.76   3.15    4.81
                  76923  PK-DDH 012A - 07  54.10   56.10   2.00    0.08    1.30   1.38    1.39
                  76924  PK-DDH 012A - 07  57.20   58.55   1.35    0.11    1.56   1.67    1.67
                  76925  PK-DDH 015 - 07  117.60  117.90   0.30    0.08    0.90   0.98    2.14
                  76905  PK-DDH 015A - 07 165.40  167.00   1.60    0.08    0.28   0.36    0.47
                  75695  PK-DDH 017 - 07   71.40   72.00   0.60    0.08    0.32   0.40    1.24
                  75696  PK-DDH 017 - 07  123.60  124.60   1.00   14.41   14.37  28.78    1.51
                  75697  PK-DDH 017 - 07  173.60  174.30   0.70    3.29    0.71   4.00   13.23
                  76911  PK-DDH 018 - 07  179.25  179.55   0.30    0.15    0.58   0.73    1.02
                  76904  PK-DDH 019 - 07   56.80   58.60   1.80    0.04    1.12   1.16    2.64
                  ----------------------------------------------------------------------------


Vena's exploration and development programs are being supervised by David Bent P.Geo., Vena's Vice President of Exploration and Qualified Person as defined by NI 43-101.

For further information on Vena Resources, please visit the Company website at www.venaresources.com or contact: Juan Vegarra - Chairman & CEO - (416) 364-7739, ext. 120 or jvegarra@venaresources.com. Interested parties are also invited to visit the Vena Resources IR Hub at http://agoracom.com/ratings/rate/Message... {asynchronous:true, evalScripts:true}); return false;">recom

]]> [Press Release] Vena Resources Reports Financial Results for Fiscal Year 2008 message_737 01 Apr 2009 13:17:00 GMT http://euroir.com/ir/venaresources/messages/737 Vena Resources Reports Financial Results for Fiscal Year 2008

Vena Resources Inc. (“Vena” or the “Company”) [TSX: VEM, Lima: VEM, Frankfurt: V1R] today announced its financial results for the year ended December 31, 2008.

The financial results are presented in accordance with Canadian GAAP and the reporting currency is Canadian dollars. It should be noted that the 2008 reporting period includes five quarters as the Company amended its year end from September 30th to December 31st and as such the results reported are for the period commencing October 1, 2007 through December 31, 2008, however the 2007 results are for the period commencing October 1, 2006 through September 30, 2007.

As of December 31, 2008, Vena held cash and cash equivalents of $1,834,063. Cameco will invest an additional $2,500,000 on Uranium exploration during 2009 and in the near term the Company is expected to recover US$800,000 in VAT directly from the Peruvian government.

Revenues for the year were $302,665 as compared to $1,141,786 in 2007. The reduction in revenues was primarily due to a reduction in sales revenue from the Company’s Azulcocha Zinc Mine. The revenues recorded in 2008 are mainly attributed to the Company’s 100% subsidiary, Sudamericana de Carbon.

Vena reported a net loss for 2008 of $4,828,737 ($0.065 per common share) compared to a loss of $7,841,392 ($0.13) in 2007. The 2008 loss includes a foreign exchange currency gain of $1,037,385, compared to a loss in foreign exchange in 2007 of $204,121. It should also be noted that the bottom line improvement also related to a significant reduction in the 5th quarter in general and administrative expenses.

Vena has filed its audited financial statements and accompanying notes for the financial year ended December 31, 2008 and related management’s discussion and analysis with the Canadian securities regulatory authorities. Copies of these disclosure documents may be obtained under the profile of Vena Resources on SEDAR.

Juan Vegarra, Chairman & CEO commented: “Vena invested heavily during fiscal year 2008 and is well positioned to monetize core assets as needed and to continue to invest with our partners in the exploration and development of our main projects. A significant cost restructuring has taken place to minimize operating costs while focusing our investment in midterm exploration goals and short term cash flow opportunities.”

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, Consorcio Minero Horizonte and Glencore, Vena will advance its significant portfolio of almost 100,000 hectares this year. Through its board of directors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance relating to Peru and Canada.

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

Or contact:

Juan Vegarra – Chairman & CEO - (416) 364-7739, ext. 120 or jvegarra@venaresources.com.

Interested parties are also invited to visit the Vena Resources IR Hub at http://www.agoracom.com/ir/venaresou... where questions can be posted and responses given the same day, or a review of questions and answers posted by others is available. Alternatively, investors can e-mail questions and correspondence to vem@agoracom.com

]]> [Press Release] Vena Resources Signs Letter of Intent on Pucara Gold/Copper Project message_405 24 Feb 2009 16:13:00 GMT http://euroir.com/ir/venaresources/messages/405
Vena Resources Inc. ("Vena" or the "Company") (TSX:VEM)(LIMA:VEM)(FRANKFURT:V1R) is pleased to announce that it has signed a letter of intent (LOI) with Consorcio Minero Horizonte (CMH) a well respected Peruvian gold mining company to study the Pucara gold/copper project. CMH is one of the best known underground gold miners in Peru. CMH`s operations are located in the department of La Libertad and they produced close to 180,000 ounces of gold last year from their mines which have been in operation since 1978. CMH's Untuca mine, located in the department of Puno, is currently producing 350 tpd (expected to increase to 500 tpd later this year) of 7 gpt gold. The Pucara gold/copper project is located in the same region as the Untuca mine providing a good synergy between the two projects. CMH's milling facility is capable of processing 1,500 tpd with a head grade between 10 and 15 gpt gold and continues to improve its performance in a socially responsible manner.

Vena and CMH (www.cmh.com.pe) have agreed on a series of geological and metallurgical tests to be performed over the next three months. If results meet expectations, a formal Joint Venture agreement will be negotiated and entered into for further exploration and development of the Pucara gold/copper project.

The main objective of the three month program together with CMH is to demonstrate the presence of gold/copper at depth and the overall value in this project. Tests will be carried out during the program include:

- Mineragraphic studies of several core sections to demonstrate the presence of coarse gold and other values in new metallurgical and laboratory studies;

- Re-assay several core sections that intercepted several veins at depth, carefully assessing for coarse gold content to avoid under reporting gold presence; and

- Expand and improve metallurgical studies completed to date by RDI from Denver to better understand how the oxides and sulfates layers behave.

Pucara is 100% owned by Vena where extensive core drilling has indicated a very favorable poly-metallic resource. The current development license allows for 1,800 metres of drifting on the known structures.

The gold at Pucara is coarse (much visible gold) and requires special analytical methods. A differential screening analysis was not performed and a standard gold assay analysis resulted in lower than expected grades during the 4,400 metre drill program that was recently completed.

Based on the inconsistencies between the assay results and the bulk samples previously reported, a differential screening analysis on 80 samples (metallics, coarseness/assays and weight percentages) were systematically taken at the Katy Vein and the Gladys Stockwork, and on average much higher gold grades resulted - in some cases up to five to seven times more than previously reported by the assay results post the drill program. This new analysis is more consistent with observed expectations for gold values and has resulted in a new plan for developing the copper and gold property.

At the same time, Vena will also undertake extensive underground sampling at the Gladys Stockwork where gold values up to 132 gpt have been assayed and where an open pit design has been finalized. Gladys is a stockwork that has been previously bulk sampled at 3.64 g/t gold, 19.34 g/t silver and 4.23% copper.

The exploration and development program is being supervised by Gervacio Rodriguez P.Geo., Vena's Qualified Person as defined by NI 43-101. Core samples were cut longitudinally with a diamond saw and one half of the core was placed in sealed bags and initially shipped to preparation laboratories in Juliaca, 800 kms southeast of Lima. Following the preparation stage, the sample pulps were sent to analytical laboratories in Lima. CIMM Peru and SGS are ISO certified assay laboratories. The program is designed to include a comprehensive assay quality control routine comprising the systematic use of standards, blanks and field duplicate samples. Secondary laboratories are used for check assaying.

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 and Glencore, Vena will advance its significant portfolio of almost 100,000 hectares this year. Through its board of directors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance relating to Peru and Canada.

For further information on Vena Resources, please visit the Company website at www.venaresources.com. Interested parties are also invited to visit the Vena Resources IR Hub at http://www.agoracom.com/ir/venaresou... where questions can be posted and responses given the same day, or a review of questions and answers posted by others is available. Alternatively, investors can e-mail questions and correspondence to vem@agoracom.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: 79,700,324

Fully-Diluted: 103,273,146

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
(416) 364-5400 (FAX)
Email: jvegarra@venaresources.com
Website: www.venaresources.com
]]> [Press Release] Vena Resources Expands Uranium Drill Program in Lagunillas message_224 04 Feb 2009 09:31:00 GMT http://euroir.com/ir/venaresources/messages/224

Vena Resources Inc. (“Vena” or the “Company”) [TSX: VEM, Lima: VEM,Frankfurt: V1R] is pleased to announce that after extensive radiometric and magnetic surveys in the Timpacaya area, several additional uranium targets have been identified.

Ongoing exploration activities have resulted in the discovery of new targets in the Timpacaya area where spectrometer/scintillometer radiometric surveys have identified areas with counts per second (CPS) values averaging 934 and the anomalies appear to be open in all directions.

Minergia S.A.C., a company owned by Vena and Cameco Global Exploration Ltd. (Cameco) has commenced drilling on several targets at the Ixsuya prospect and if drilling at Ixsuya proves encouraging, these recently identified targets will also be drill tested following completion of the Ixsuya drill program and after receipt of necessary permits.

The stratigraphic sequence is very similar to Ixsuya located to the east, which is dominated by carbonate-rich sandstone-limestone sedimentary units with thin chert lenses intermixed with shale lenses. The objective of the drill program in the Timpacaya area will be to test the radiometric anomalies and extent of the volcanic sedimentary sequence covering an area of seven hectares with a few drill holes, if the Ixsuya drill results warrant (see attached map).

Locations for the drill program have been determined by Vena and Cameco geologists. Detailed geological mapping has been completed based on the radiometric survey results, radon emanometry (radon soil gas emissions) and geochemical sampling. When complete, the drilling results will be posted on the Company’s web site at

www.venaresources.com

Vena is exploring for uranium in several project areas in southeastern Peru with the technical help of Cameco geologists. Cameco has an option to invest $10 million over four years to obtain up to 50% of Minergia S.A.C., a jointly owned subsidiary of Vena and Cameco holding uranium claims with an aggregate area of over 40,000 hectares in three regions of the Departments of Puno and Moquegua. Cameco can increase its stake in Minergia to 60% when a feasibility study is completed and up to 70% when mine development commences.

The drilling program is being supervised by Gervacio Rodriguez P.Geo., Vena’s Qualified Person as defined by NI 43-101. Core samples will be cut longitudinally with a diamond saw and one half of the core will be placed in sealed bags and initially shipped to preparation laboratories in Juliaca, 800 kilometres southeast of Lima. Following the preparation stage, the sample pulps will be sent to ISO certified assay laboratories CIMM Peru or SGS analytical laboratories in Lima.

The program is designed to include a comprehensive analytical quality control routine comprising the systematic use of standards, blanks and field duplicate samples. Secondary laboratories are used for check assaying.

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 and Glencore, Vena will advance its significant portfolio of almost 100,000 hectares this year. Through its board of directors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance relating to Peru and Canada.

For further information on Vena Resources, please visit the Company website at

www.venaresources.com

or contact:

Juan Vegarra – Chairman & CEO - (416) 364-7739, ext. 120 or

jvegarra@venaresources.com

or

Agoracom Investor Relations

vem@agoracom.com

Investors can also visit the Vena Resources IR Hub at

www.agoracom.com/ir/venaresources

where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors can e-mail all questions and correspondence to vem@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

]]> [Press Release] Vena Acquires Coal Producing Property and Updates Corporate Structure message_31 17 Dec 2008 16:02:00 GMT http://euroir.com/ir/venaresources/messages/31 Vena Acquires Coal Producing Property and Updates Corporate Structure

Vena Resources Inc. (FRANKFURT: V1R) is pleased to announce the acquisition of its first producing coal project with plans to increase tonnage deliveries to a large Peruvian cement manufacturer. The property is currently being mined at a very small scale; however the Company has received an order for a minimum of 2,000 MT of coal per month, with the option of increasing it up to 6,000 MT per month in the near term. The Company plans to confirm non-43-101 compliant resources and to continue to sell coal to local cement and steel manufactures.

Vena is also pleased to announce the appointment of Ing. Luis Moran as General Manager of Peruvian operations. Mr. Moran is a chemical engineer with an exemplary track record in the Peruvian mining industry. He has been on the board of directors of Centromin Peru as well as Minero Peru SA and held the position of general manager for San Ignacio de Morococha Mining Company, Castrovirreyna Mining Company as well as general manager and president of Hierro Peru (ex - Marcona Mining Company). Mr. Moran also held the position of Vice President of the Special Privatization Committee for several large Peruvian mining companies (Tintaya, Centromin, Minero Peru and Hierro Peru).

The Company also would like to extend its gratitude to James Fairbairn who recently resigned from the board of directors as well as to Rod Ogilvie who recently resigned as Vice President, Engineering.

The Oyon Coal Property - The formation containing the coal seams corresponds to the Oyon formation of the lower Cretaceous age. The main structure controlling the location of the identified coal seams corresponds to an asymmetric syncline with a north-south bearing; the coal seams outcropping along its west and east flanks. A number of coal seams have been identified within the mining concession with thicknesses that vary between less than one metre and exceptionally reaching four metres, all of them hosted in dark gray slates and gray sandstones of the Oyon formation.

The Alexia and Micaela seams are the most outstanding due to their geological characteristics and their relative continuity outcropping for over 670 metres, their average thicknesses being 4.0 metres and 2.0 metres, respectively. The Alexia seam has been partially exploited but the old workings are currently collapsed due to the inadequate mining method previously used.

The results obtained from chemical analyses of channel samples taken show that ash content ranges from 6.0% to 31.5%, volatile matter content is moderate to low, ranging between 8.8% and 16.0% and fixed carbon ranges between 58.3% and 82.5%, whilst sulfur contents are all below 1%.

Historical Resource Potential - Non 43-101 Compliant

A preliminary field evaluation and review of historical production and exploration records, including mine development plans and an EIA application submitted to the Peruvian government by the previous operator performed by Vena's consulting coal geologist, Dr. Rolando Carrascal PhD, has so far identified estimated historical coal resources in the range of 620,000 TM to 700,000 TM and a prospective additional tonnage ranging between 130,000 MT and 150,000 MT. The Company plans to conduct an exploration program based on Dr. Carrascal's guidance leading to a NI 43-101 complaint report in 2009.

Dr. Carrascal, PhD Geo is acting as Vena's qualified person for all coal related projects. He has not completed sufficient work to classify the historical estimate as current mineral resources, and it should be noted that Vena is not treating the historical estimate as current mineral resources and that the historical estimate should not be relied upon. The Company would like to caution readers that the potential quantity and coal quality is conceptual in nature as there has not been sufficient exploration to define a mineral resource and it is uncertain if further exploration will result in discovery of a mineral resource.

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 and Glencore, Vena will advance its significant portfolio of almost 100,000 hectares this year. Through its board of directors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance relating to Peru and Canada.

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: 79,350,324

Fully-Diluted: 102,573,146



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
                  Email: jvegarra@venaresources.com
                  Website: www.venaresources.
]]> [Press Release] Vena Resources Reports Fiscal 2008 Fourth Quarter Financial Results message_35 14 Nov 2008 16:04:00 GMT http://euroir.com/ir/venaresources/messages/35 Vena Resources Reports Fiscal 2008 Fourth Quarter Financial Results

Vena Resources Inc. (LIMA: VEM)(FRANKFURT: V1R) today announced its fourth quarter financial and operating results for the three and 12 month periods ended September 30, 2008. Vena changed the fiscal year-end of the Company from September 30 to December 31 and as a result the 2008 fiscal year-end will include five quarters spanning from October 1, 2007 to December 31, 2008.

Highlights for the three and 12 month period ending September 30 include:

- Completion of an initial NI 43-101 report on the Azulcocha mine

- Completion of over 2,500 metres of development at the Azulcocha mine to confirm a portion of the historical resource and reopened five underground levels

- Commenced heavy infrastructure development at Azulcocha

- Invested in the clean coal business through the acquisition of Sudamerica de Carbon ("SDC")

- Commenced an extensive drill program in the Macusani uranium district through a strategic partnership with Cameco

- Completion of 50% of the drill program at Azulcocha West through a strategic partnership with Glencore which to date has identified two new target zones for additional drilling

- Entered into an agreement with Apex Silver to explore the historical Esquilache silver mine

- Commenced underground development at Pucara and completed a 4,400 metre drill program

"During the past twelve months we aggressively advanced our projects in Peru allowing us to prioritize targets and strategically allocate capital for upcoming exploration efforts," said Juan Vegarra, Chairman and CEO of Vena. "Looking forward, Vena will continue to acquire and advance high quality projects throughout Peru to expand its portfolio. Given the current state of the global financial markets, the Company will prudently pursue opportunities and focus on expansion that will deliver the most value to shareholders in the near term."

Financial Review:

At September 30, 2008, the Company had cash and cash equivalents of $8.4 million, which includes $4.9 million of restricted cash.

During the quarter, the Company incurred a loss of $2.6 million compared to a loss of $1.4 million for the prior year. The Company incurred a net loss of $8.1 million for the 12 months ended September 30, 2008 compared to $7.8 million in the same period of 2007. Vena had sales of $38,302 from the Azulcocha mine for the three months ended September 30, 2008 compared to $582,222 in the same period in 2007. For the 12 months ended September 30, 2008, Vena had sales of $610,233 from the Azulcocha mine compared to $1,141,786 in the same period of 2007. The reduction in sales volumes is due to a decrease in the zinc commodity market price.

Outlook:

Vena's upcoming exploration activities include the following:

- Drilling and analysis of historical results with the goal of increasing the size of the resource at the Azulcocha mine

- Ongoing drilling on prioritized targets at Azulcocha West Zinc project with Glencore

- Completion of 1,800 metre drifting program at Pucara - (Au/Cu project)

- Completion of the milling and mining permits at Azulcocha - (Zinc project)

- First phase drilling in Macusani, Munani and Lagunillas regions with Cameco

- Commence 3,000 metre drilling program at Esquilache

- Acquire key projects containing historical anthracite coal reserves through SDC

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 and Glencore, Vena will advance its significant portfolio of almost 100,000 hectares this year. Through its board of directors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance relating to Peru and Canada.

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: 79,350,324

Fully-Diluted: 103,448,146



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
                  (416) 364-5400 (FAX)
                  Email: jvegarra@venaresources.com
                  Website: www.venaresources.comEquicom GroupJoanna Longo
                  (416) 815-0700, ext. 275
                  Email: jlongo@equicomgroup.com
]]> [Press Release] Vena Resources Updates Exploration and Development Strategy message_36 24 Oct 2008 16:05:00 GMT http://euroir.com/ir/venaresources/messages/36 Vena Resources Updates Exploration and Development Strategy

TORONTO, ONTARIO -- (MARKET WIRE) -- 10/24/08 -- Vena Resources Inc. ("Vena" or the "Company") (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R) is pleased to provide shareholders with an overview of its exploration and development strategy during these times of world-wide economic concern.

Vena's current cash position, including committed investments from our partners Cameco and Glencore is close to $9 million dollars. As it is currently unknown when the global economy will rebound, Vena has taken steps to preserve and allocate capital strategically by focusing the bulk of its financial and intellectual resources to the expansion of four projects that will not require significant investment, are self-sustaining and will provide the Company with near term results - the Pucara gold/copper project, Uranium exploration with Cameco, building the coal business through its investment in Sudamericana de Carbon (SDC) and obtaining final permits for the Azulcocha poly-metallic mine and expand its NI 43-101 compliant resources.

The exploration and development plans for Pucara and SDC are expected to advance these divisions such that the expenditures made will be offset by organic growth resulting in advancement and expansion of operations with a neutral effect on Vena's cash resources. SDC has reviewed several anthracite projects and is expected to make key announcements shortly related to the potential acquisitions and the expansion of the briquetting facilities that are currently installed at a key customer's property. Vena may undertake drilling of some of these projects to confirm non-43-101 compliant historical resources but given the nature of coal seams, low exploration costs are expected.

Vena will respond tomorrow to final observations from the Peru government mining ministry on the Environmental Impact Assessment (EIA) permit for the Azulcocha mine. The Company will proceed with its application for a building permit. Once the EIA is approved, the Company will commence an underground drilling program to expand the known NI 43-101 compliant resources. On the Azulcocha West joint exploration project with Glencore, Vena and Glencore are continuing to drill previously identified targets and drill locations are adjusted based on findings. The current drill program is 50% completed and results will be announced on completion.

Vena and Cameco continue to advance the Uranium exploration program in the Puno region of southern Peru. The initial results of the drill program at Macusani exceeded expectations and these results are currently being analyzed to define the next drill program at Macusani with the goal of delineating a resource in the short term. While the Macusani results are being studied, Vena is focused on the Lagunillas region, where three large targets will be drilled over the coming months.

Vena will continue to deliver significant exploration and development milestones in the coming months. Our management and technical team is focused to drive shareholder value and preserve cash. As is the case with many other companies, there is a strong disconnect between current market valuations and corporate assets - Vena remains focused on continuing to build its business for the long 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 and Glencore, Vena will advance its significant portfolio of almost 100,000 hectares this year. Through its board of directors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance relating to Peru and Canada.

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: 79,019,073

Fully-Diluted: 102,641,895



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
                  (416) 364-5400 (FAX)
                  Email: jvegarra@venaresources.com
                  Website: www.venaresources.comEquicom GroupJoanna Longo
                  (416) 815-0700, ext. 275
                  Email: jlongo@equicomgroup.com
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