Vena Begins Pilot Mill Operations and Provides Infrastructure Update on Azulcocha Polymetallic Project

August 1, 2007

August 1, 2007-- Toronto, Ontario--Vena Resources Inc. (TSX: VEM, Lima: VEM, Frankfurt: V1R, OTC: VNARF) is pleased to announce that an on-site pilot mill has been commissioned and is now fully operational at Azulcocha. Processing is underway of a 10,000 tonnes stockpile averaging 10% zinc, extracted from the -0 and the -40 mine levels. Processing this material will help define the metallurgical character of the mineralization in preparation for the construction of a scalable 500 tpd modular production mill, planned to come on stream during the first quarter of 2008.

Detailed engineering blueprints for the 500 tpd mill have been completed and construction has been contracted to LeRoy Su Corporation (Nova Scotia, Canada) and ABR Minerìa S.A.C. In preparation for a larger milling and mining operation, a three megawatt electrical sub-station is being installed and will be functional by October of this year. Turbo SA was granted the sub-station construction contract and ENERSUR has signed an agreement to provide electricity to the sub-station.

A recovery circuit is being added to the pilot mill to recover lead from mineralization recently discovered in underground workings. This lead-bearing mineralization has been encountered in crosscuts on the -40 mine level. From previous drilling results, site geologists anticipate that a new high grade lead zone may be encountered along the planned eastern drift extension on the -40 mine level. Exploration tunnelling is underway to verify the grade and the extent of this potential new lead zone.

Due to the increased activity at Azulcocha, SGS Laboratories is building an on-site 100 sample per day laboratory to service the Azulcocha mine and related projects. This facility will assay drill core and samples from the underground operations and be responsible for processing daily plant audit samples recovered from the production mill. The new SGS Laboratory will also process drill core and samples from the Azulcocha West targets — a planned program of 20 diamond drill platforms (totalling 8000 metres).

James W. Stewart B.Sc., PhD, a Professional Geoscientist in the province of British Columbia and the Qualified Person as defined by NI 43-101, has reviewed this news release.