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Vena Resources Closes Over-Subscribed Private Placement

April 4, 2007

April 4, 2007-- Toronto, Ontario – Vena Resources Inc. (TSX.V: VEM, LIMA: VEM, Frankfurt: V1R, OTC-BB: VNARF) is pleased to announce that it has closed the previously announced private placement for total gross proceeds of $18,898,924 through the issuance of 13,499,231 units at a price of $1.40 per unit. The placement was increased significantly due to strong institutional interest. Each Unit consisted of one common share and one common share purchase warrant with each warrant entitling 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 private placement is subject to regulatory approvals and the securities issued are subject to a four-month hold period.

The Company wishes to thank Loewen, Ondaatje, McCutcheon Limited, Toronto and Olympus Securities LLC, New York for their efforts in closing the private placement quickly and for attracting strong institutional support for the Company out of Toronto, San Francisco and New York. Vena is very pleased to have increased its institutional shareholder base as a result of the strong institutional demand during this offering.

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, accelerate exploration activities at other properties and working capital purposes. The Company plans to fast-track four existing exploratory/drilling programs (Pucara, Aurora, Granja Nueva, and Huachon) as well as to advance three other early stage exploration projects as part of the pipeline exploration program for 2008.

With these funds on hand, we can begin the process of building a modular mill for the Azulcocha project (starting at 500 tpd with growth potential up to 2,000 tpd). Vena has contracted a local firm to construct a 3 MVA 69/10 kV electrical sub-station which is anticipated to be completed by the end of the year. LeRoy Su Corporation of Nova Scotia, Canada and ABR Mineria SAC in Peru have been granted the contract to build the modular mill as soon as possible.

The Company has established a regional office in Juliaca – Puno for the ongoing Uranium exploration program funded by CAMECO as well as the Pucara gold/copper project.

The Azulcocha mine and mill operations are 100% owned by Vena. The exploration program in Azulcocha West (located approximately six km to the west of the proposed mill site) is being solely funded by Glencore as part of a previously announced joint venture agreement with the goal of completing a feasibility study within 24 months. With its initial US$3.75 million investment, Glencore can earn 51% ownership of any future economic deposit found in Azulcocha West and Vena will retain 49% thus adding incremental tonnage to the historical resource in the underground mine being confirm via an ongoing drilling campaign.

A scoping study performed by MineFill Services out of Vancouver, to be released as soon as a NI 43-101 is completed provided management with clear guidance in terms of capital expenditures requirements as well as operating costs and mining plans for the Azulcocha mine.

With cash on hand from previous warrant exercises, cash from ongoing sales of Zinc ore, cash from being the operator in projects with Glencore and CAMECO, cash from ongoing exercises of in-the-money warrants expiring in 2008 and cash from the current financing, the company is in strong financial position to embark on more aggressive exploration and development programs.

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, 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 shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. Disclosure regarding forward-looking statements: This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Corporation. These risks and uncertainties could cause actual results and the Corporation's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Corporation assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.