Vena Resources Increases Previously-Announced Financing to $18 MM

March 27, 2007

March 27, 2007-- Toronto , Ontario – Vena Resources Inc. (TSX.V: VEM, Lima: VEM, Frankfurt: V1R, OTC: VNARF) is pleased to announce that due to strong institutional demand, it has increased its previously announced financing from $14 million to $18 million. 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 April 2, 2007.

The private placement has been priced at $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 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 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.

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, to advance Vena’s other precious metals and base metals projects and for working capital purposes.

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.

The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the benefit of U.S. persons except in certain transactions exempt from the registration requirements of such Act. This news release shall not constitute an offer to sell nor the solicitation of an offer to buy nor