Verona Signs Marshall Diamond-Goldberg

VANCOUVER, BRITISH COLUMBIA, Jul 23 (MARKET WIRE) --
Verona Development Corp. (TSX VENTURE: VDC)(FRANKFURT: V5D) ("Verona" or
"the Company") is pleased to announce that it has signed Mr. Marshall
Diamond-Goldberg as its head consulting geologist with a focus on the
acquisition, development, and operation of global oil and gas properties.

With 25 years of industry experience, including an outstanding record of
success and innovation, Mr. Diamond-Goldberg demonstrates superior
analysis and negotiation capabilities. Graduating with a Bachelor of
Science in Geology in 1980 and Political Science from the University of
Alberta in 1977, he is a major contributor to Verona's success in
exploration and production. His continuous efforts and dedication to
Verona mirrors the same devotion he has demonstrated with other companies
such as Strand Resources Ltd. ("Strand") in which he was one of the
founders. During his time with Strand, Mr. Diamond-Goldberg grew
production to over 300 barrels of oil per day achieving a return on
shareholder investment of over 200 percent with access to minimal
capital. Mr. Diamond-Goldberg has been the principal and founder of
several other private and public E&P companies, all of which have
returned significant profits to shareholders. We believe that this
confirms his strong capabilities to progressively further a company and
to benefit its shareholders.

"We are very fortunate to have attracted an individual of the caliber of
Mr. Diamond-Goldberg to become a part of the Verona team; the expertise
of Mr. Diamond-Goldberg will prove invaluable as we continue to advance
the company through acquisition and ongoing development of its
properties," stated Rod Husband, Chief Financial Officer and Director of
Verona Development Corp.

On Behalf of the Board of Directors

Verona Development Corp.

Rod Husband, P.Geo, Director

This news release may contain forward-looking statements including but
not limited to comments regarding the timing and content of upcoming work
programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore, involve inherent
risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statements.

The TSX Venture Exchange
has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release.

Contacts:
Verona Development Corp.
Investor Relations
(604) 681-4653 or 1-866-282-8398
(604) 683-6557 (FAX)
Email: info@veronacorp.com
Website: www.veronacorp.com

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