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Vena Resources Announces Private Placement

March 22, 2007

March 22, 2007-- Toronto, Ontario – Vena Resources Inc. (TSX.V: VEM, LIMA: VEM, Frankfurt: V1R, OTC-BB: VNARF) is pleased to announce a proposed private placement for gross proceeds of up to $14,000,000 through the issuance of up to 10,000,000 units of the Company at a price of $1.40 per unit. Each Unit will consist of one common share and one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at $2.00 per share for a period of two years from the closing date. The terms of the Warrant provide that, if, at any time following expiry of the Hold Period, the closing price of the common shares of the Company on the TSX Venture Exchange is greater than $3.00 for 20 or more consecutive trading days, the Company may give notice to the holders of the Warrants that the expiry date for exercise of the Warrants has been accelerated and the Warrants will expire on the 20th business day following the date of such notice.

In connection with the offering each of Loewen, Ondaatje, McCutcheon Limited, Toronto and Olympus Securities LLC, New York, NY, have been retained as agents in connection with $10,000,000 of the offering. The balance of the offering is being completed on a non-brokered offering.

Completion of the private placement is subject to certain conditions, including satisfactory due diligence by the agents and receipt of all necessary regulatory approvals. Closing of the private placement is expected on or about March 27, 2007.

The net proceeds of this private placement will be used for construction of a modular mill and mine development for the Azulcocha Zinc/Lead project and working capital purposes.

For further information please visit the Company website at www.venaresources.com or contact:

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

or Pro-Edge Consultants Inc., Tracy Weslosky or Fred Cowans – Managing Partners at

(866) 544-9622 or (416) 581-0177 or 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,