January 19, 2007
January 19, 2007 - Toronto, Ontario – Vena Resources Inc. (TSX.V: VEM, Lima: VEM, Frankfurt: V1R, OTC: VNARF) is pleased to provide additional disclosure with respect to its engagement of General Research GmbH (“General Research”) as Investor Relations consultants to the Company for the Swiss market. On November 6th, 2006, the Company issued a press release which incorrectly stated that 250,000 options exercisable at $0.60, for a period of one year, were granted to Global Business Partners AG (GBP). The options were granted to General Research Instead. The Company entered into a one year contract with General Research effective November 1, 2006 and the options granted are the only compensation that General Research will receive during the term of their contract. Vena will also reimburse General Research for any reasonable expenses incurred by them in providing the services. Other than the 250,000 options granted and the provisions of services pursuant to the Agreement, General Research has no direct or indirect interest in Vena or its securities or any right to acquire an interest in the Company.
General Research has been engaged to provide Investor Relations consulting services exclusively for the Swiss market and under the terms of the agreement the services they will provide will include the organization of road shows and investor forums, investment community relations and the dissemination of news releases and corporate information and updates. General Research was founded in 2000 by Dr. Georg Hockwimmer as an independent research firm with their focus being the provision of research coverage and investor relations services for listed small-cap companies focused in the natural resource sector. The appointment of General Research is subject to regulatory approval.
For further information please visit the Company website at www.venaresources.com or contact:
Juan Vegarra – Chairman & CEO (416) 364-7739, ext. 120 – email email@example.com
Pro-Edge Consultants Inc., Tracy Weslosky or Fred Cowans – Managing Partners
(866) 544-9622 or (416) 581-0177 – firstname.lastname@example.org
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.