flash2

Vena Resources Provides Overview of Pucara Project in Peru

January 22, 2007

January 22, 2007-- Toronto, Ontario – Vena Resources Inc. (TSX.V: VEM, Lima: VEM, Frankfurt: V1R, OTC: VNARF) announces that following a visit to Pucara by William R. Henkle, Jr. P.Geo., a Professional Geologist and Vena’s Qualified Person as defined by NI 43-101, we are pleased to provide the following excerpt from his technical notes taken during his reconnaissance visit to the property:

“The area encompassed by the drill platforms for CVRD/DDH 7, DDH 6, DDH 5, DDH 4, DDH 3 and DDH 2 was traversed, in accompaniment with Vena Resources personnel. I noted the following salient features with respect to the mineralization potential in this area:

· A probable Supergene Enrichment Zone was mined by the previous owner in two underground levels – data provided by operator indicate up to 3% Cu, and around 3 gpt Au in the Gladys structure. Vena plans to scale up this operation when permits are granted.

· Structural relationships suggest that the Supergene Enrichment Zone may continue for several hundred meters along strike.

· Copper oxide minerals were found in abundance on most outcrops I examined.

· Chalcopyrite (CuFeS2) was also abundant in outcrops in concentrations of 1% - 3%.

· Galena (PbS) was also common in local concentrations of 1% - 10%.

· Bornite (Cu5FeS4) was noted at one location along with chalcopyrite and galena

· Only five of the eight holes drilled by CVRD of Brazil were assayed.

o DDH2 cut a poly metallic vein for 4 meters from 84-88 meters below the Gladys structure with more than 1% Cu and 2.7 gpt Au.

o DDH5 cut a poly metallic vein from 60-62 meters below ground with more than 1% Cr, 0.32% Mo and 0.46% Ni.

o DDH7 was the hole which exhibited the strongest mineralization returning 90 meters of 1.75% Pb, 0.77% Zn and 0.52% Cu

§ including 32 meters of 3.5% Pb, 0.67% Zn and 0.431% Cu and;

§ including 22 meters of 4.6% Pb, 0.68% Zn and 0.40% Cu.

A review of the IP / Resistivity geophysical pseudo sections prepared by the previous operator shows that several overlapping high resistivity (caused by silicification) and high chargeability (caused by presence of disseminated sulfides) anomalies are present at the prospect. Drill holes DDH 7, DDH 4 and DDH 2 penetrate rocks located beneath these types of anomalies; the association of mineralization penetrated by these drill holes and the presence of these types of anomalies is striking. Unfortunately, the pseudo section coverage which Vena has only covers about half the area of the geophysical survey. Vena plans to acquired the remaining pseudo sections, this may prove to be a powerful prospecting tool at this property. “

Based on his site visit, William Henkle has recommended the following conceptual work plan for the Pucara prospect which the Company plans on working into its exploration budget:

 

Q1-07

§ Mapping and geological / metallurgical studies

§ Consolidate land position in concession area

§ Start social and environmental studies

§ Licenses & permits for drilling

Q2-07

· Diamond Drill Program 4,300 meters in 14 holes – based on geological re-interpretation from two consulting geologist

· Set up small 30 tpd floatation pilot plant for oxide / sulfide separation

· Standard flotation for sulfides

· Heap – vat leach oxides with Cn – follow by H2SO4

· Additional underground exploration – cross cuts

Q3-07

· Scoping Study

 

The entire assay database will be posted on the Company’s website www.venaresources.com.

We seek Safe Harbor.

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.