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Vena Resources Discovers Zinc Skarn Zone in Azulcocha West Project

November 26, 2007

Toronto, Ontario – Vena Resources Inc. (“Vena” or the “Company”) [TSX: VEM, Lima: VEM, Frankfurt: V1R] is pleased to announce that results from the ongoing drill program at Azulcocha West indicate near-surface zinc mineralization in skarn at the San Pablo target. The San Pablo and Jesús Maria areas were earlier identified as exploration targets for skarn-type mineralization, principally on the basis of geological and geophysical observations. The San Pablo discovery is located on the western flank of the San Pedro stock, a small intrusive body characterized by an intense associated magnetic anomaly and a strong surface geochemical response for lead. This is a notable departure from the carbonate replacement style of mineralization which prevails at Vena’s Azulcocha mine, approximately five kilometres to the east.

Highlights of the San Pablo skarn discovery hole are as follows:

Azulcocha West DDH SP-02-07
From
To
Interval
% Zn
Weighted Average
Metres
19.32
21.20
1.88
7.61
21.20
22.00
0.80
10.31
22.00
23.50
1.50
6.32
7.66
23.50
25.06
1.56
0.21
25.06
26.70
1.64
10.91
26.70
28.20
1.50
3.93
7.57
28.20
28.60
0.40
0.83
28.60
30.10
1.50
8.72
30.10
31.60
1.50
3.43
6.07
12.28
6.08

All drill intercepts at the San Pablo skarn target are down-hole lengths, not true widths. Drill results for the entire program will be posted on the Company’s website at www.venaresources.com.

In light of this encouraging new information the Company has decided to drill a minimum of 10 holes to further explore the contact zone of the San Pablo stock and extend drilling to the Jesús Maria target a few hundred metres to the south where a comparable geophysical and geochemical response has been encountered. In the event of positive results, the San Pablo – Jesús Maria drill program will be expanded accordingly.

A total of 20 platforms have been built at Azulcocha West to drill up to 40 holes on 10 targets for a total of 8,000 metres of drilling. The intent of the program is to test the extent of the mineralization, followed by an in-fill drill program on which to base a NI 43-101 compliant resource in 2008.

In addition to the drill rig in the San Pablo – Jesus Maria area, two rigs are currently dedicated to drilling the Maria Fe, Valeria, Divisoria, Lagartija and Waie targets along the north contact of the Chuquipite intrusion. Drilling is also contemplated on prospects along the Cocha - Gran Bretaña fault – on which the Azulcocha Mine is located on, further to the east.

Juan Vegarra, Chairman and CEO states:

“The results from San Pablo come as a nice surprise. The geophysical data supports extensive skarn development in the underlying rocks and warrants further drilling in the vicinity to better understand the nature and extent of the skarn mineralization. Additionally, we are looking forward to the establishment and operational commencement in mid-December of a 3.0 megawatt electrical sub-station to complete the assay work that has been delayed due to unstable electricity being delivered by generator power.”

Azulcocha West is a joint venture with Glencore to explore the western portion of Azulcocha over the next year at a cost to Glencore of US$3.75 million. Azulcocha is near Huancayo, Peru, located approximately 260 kilometres east from the city of Lima.

The drilling programs are being supervised by Dr. James W. Stewart P.Geo., Vena’s Qualified Person as defined by NI 43-101. Core samples will be cut longitudinally with a diamond saw, with one half of the core placed in sealed bags and temporarily shipped to SGS laboratories in Lima, Peru, an ISO certified assay laboratory. SGS has completed an on-site lab and core samples will be analyzed onsite as of mid-December. The program includes a comprehensive assay quality control routine comprising the systematic use of standards, blanks and field duplicate samples. Secondary laboratories will be used for check assaying.

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

Kirsten Marcia: (416) 364-7739, ext. 142

Director of Investor Relations: kmarcia@venaresources.com


The TSX 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.

 

NR_2007-11-26