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Vena Resources Raises $3.4 Million in Warrant Subscriptions

January 17, 2007

January 17, 2007--Toronto, Ontario-- Vena Resources Inc. (TSX.V: VEM, Lima: VEM, Frankfurt: V1R, OTC: VNARF) is pleased to announce that over the period commencing September 22, 2006 through January 16, 2007, the Company raised $3,433,721 from the exercise of warrants.  In total, 5,427,190 warrants had been issued with exercise prices ranging from $0.60 to $0.75.  Of that total, over 97% of the warrants or 5,278,940 were exercised.

Juan Vegarra, Vena’s Chairman and CEO remarked:

“We are very pleased with the number of shareholders that continue to share our vision.  We have very aggressive exploration and production plans for 2007 and these funds will help us to continue to deliver shareholder value for the rest of the year.”

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.