Venga: GMI Provides Update on GMI's Liberian Gold Mining Operations and the RAM Consulting Letter of Intent

TORONTO, ONTARIO, Apr 22 (MARKET WIRE) --
Venga Aerospace Systems Inc. (TSX VENTURE: VAV)(PINK SHEETS: VNGAF) (the
"Company") announced that the Liberian Ministry of Lands Mines
and Energy has confirmed that the Company's mining affiliate, Global
Mineral Investments, LLC ("GMI") has recovered a further 19
ounces of gold from GMI's dredging operation on the Dugbe River in Sinoe
County, Liberia. This gold recovery took place during 19 operational days
between March 1 and March 31, 2010. In an official communique to GMI, Mr.
A. Kpandel Fayia, Deputy Minister, Ministry of Lands, Mines and Energy
stated, "The recovered gold is a high grade type. Congratulations to
Global Minerals on this success story!"

"This lower than expected level of recovery is a reflection of the
operational challenges, including the unseasonably, adverse weather
conditions, which have restricted the number of days that we have
actually been operational during the current mining season," stated
GMI's president, Jon O'Regan. "While carrying on an active mining
operation in the jungles of Liberia will always present logistical and
operational obstacles, we are now employing our main dredge in two, 6
hour shifts each day and remain hopeful that with the modest cooperation
of the prevailing weather conditions, a much higher rate of gold recovery
will be achieved during the balance of this mining season,"
continued O'Regan.

GMI further provided information on the status of the letter of intent
that GMI signed with the RAM Consulting Group with respect to the
financing of GMI's planned landed based mining operations at GMI's Kumasi
Hill site. "We continue to be in direct consultations and
negotiations with the RAM Consulting Group and remain hopeful that the
proposed financing for our land based mining operation will soon be
finalized," stated O'Regan.

This press release contains forward-looking statements within the meaning
of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995.

These forward-looking statements are subject to certain risks and
uncertainties that may cause the Company's results to differ materially
from expectations and speak only as of the date hereof.

SHARES ISSUED: 239,171,893

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

Contacts:
Venga Aerospace Systems Inc.
Hirsh Kwinter
President
(514) 489-7175
venga@rogers.com
www.vengasystems.webs.com

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