Vena Discovers Significant Gold Dissemination Near Surface at Azulcocha Polymetallic Mine

TORONTO, ONTARIO, May 19 (MARKET WIRE) --
Vena Resources Inc. ("Vena" or the "Company") (TSX: VEM)(LIMA:
VEM)(FRANKFURT: V1R) is pleased to announce that after an extensive
review of the geochemical, geophysical, surface sampling and drill data,
there is confirmation of a significant presence of disseminated and
stockwork gold within the near surface footwall sandstone units of the
Azulcocha mine. The best intercept to date is 16.9 meters of 2.46 gpt Au
within the sandstone as seen below on the longitudinal section and the
cross section of DDH - S18.

To view the Azulcocha Mine Drill Hole graph, please visit the following
link: http://media3.marketwire.com/docs/azulcochamine.JPG.

The gold mineralization appears to be related to a later mineralizing
event than the emplacement of the Azulcocha base metal deposit.

Results of a surface diamond drill program consisting of 29 holes
totaling 2,810.5 meters confirms the potential for gold mineralization in
the Azulcocha mine. Based on the results of 10 holes over a strike length
of 240 meters in an east-west direction it has been determined that gold
mineralization occurs in disseminated form as well as in stockwork
structures related to the regional Cochas-Gran Bretana fault and is
hosted in the foot wall.

Gold mineralization has been encountered from the outcrop area of the
Azulcocha base metals deposit to the 80 working level. The potential to
discover gold mineralization is open in an east-west direction along the
Cochas-Gran Bretana fault and to depth. Exploration through diamond
drilling and underground development would be possible from the existing
levels of the Azulcocha mine.

The Goyllarisquizga Formation sandstone is recognized as a favorable host
for both disseminated and high grade gold mineralization in northern Peru
where it is the host rock of the Santa Rosa, Virgen and La Arena
deposits. This type of mineralization has not been a target for
exploration at the Azulcocha mine previously and the potential exists to
find a significant gold deposit on the property. This is a virgin
discovery.

To view the Mine Cross Section map, please visit the following link:
http://file.marketwire.com/release/VEMMC.JPG.

All of the recent and historical drill holes within the sandstone are
being studied in detail prior to planning an exploration program targeted
specifically to evaluate the sandstone-hosted gold mineralization.
Preliminary metallurgical testing will form a part of the study.

The drilling program was supervised by William R. Henkle, Jr. P.Geo.,
Vena's Qualified Person as defined by NI 43-101. Core samples were cut
with a diamond saw, with one-half of the core placed in sealed bags and
shipped to SGS in Lima, Peru, an ISO certified assay laboratory. The
program included an extensive quality control program for assaying which
included the systematic use of standards, blanks, and field duplicate
samples. Secondary laboratories were also used for check assaying.

For further information on Vena Resources, please visit the Company
website at www.venaresources.com. Interested parties are also invited to
visit the Vena Resources IR Hub at
http://www.agoracom.com/ir/venaresources where questions can be posted
and responses given the same day, or a review of questions and answers
posted by others is available. Alternatively, investors can e-mail
questions and correspondence to vem@agoracom.com.

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.

Shares Outstanding: 79,700,324

Fully-Diluted: 88,406,575

The TSX does not accept the responsibility
for the adequacy or accuracy of this release

Contacts:
Vena Resources Inc.
Juan Vegarra
Chairman & CEO
(416) 364-7739, ext. 120
jvegarra@venaresources.com
www.venaresources.com

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