May 21st

Vena Intersects 14.6 Metres of 0.211% U3O8 Near Surface

Vena Resources Inc. (\"Vena\" or the \"Company\") (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R) today announced additional results of a Uranium exploration project in the Macusani district of southeast Peru where a drill program consisting of ten platforms on the Tantamaco property, which is held by Minergia S.A.C. (a Peruvian company jointly owned by Vena and strategic partner Cameco) is currently underway.

Seven holes were drilled, radiating from each drill platform #2 and #3. These drill sites are designed to test grade and extent of Uranium mineralization present in ignimbrites and associated rhyolitic tuffs. Mineralized intervals have been established and reported using a geochemical cutoff of greater than 200 ppm. No grades have been cut. Drill results for the entire program will be posted on the Company\'s website at the end of the Macusani drill program. An additional 18 holes are being logged and assayed. A total of 4,610 metres have been drilled so far. Following are highlights from these two platforms: To view the accompanying table, please visit the following link:

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Vena is now using three rigs in Tantamaco, Corani and Amariza as well as two ISO certified labs (SGS and CIMM Peru) to speed up the drill program. The Company has also hired VDG Geophysics to perform a 9,000 metre gamma-probing program.

\"The Tantamaco property continues to show strong near surface Uranium mineralization in a multi-layered system,\" said Juan Vegarra, Chairman and CEO of Vena Resources. \"The results are very encouraging and will be studied closely as we begin to delineate a possible high-tonnage low grade surface uranium resource.\"

The drilling program is supervised by Rodney Ogilvie P.Geo., Vena\'s Vice President of Engineering and Qualified Person as defined by NI 43-101. Core samples are cut longitudinally with a diamond saw with one-half of the core placed in sealed bags and initially shipped to sample preparation laboratories in Juliaca, 800 km southeast of Lima. Following the preparation stage, the sample pulps are sent to analytical laboratories in Lima. CIMM Peru and SGS are ISO certified assay laboratories. The program is designed to include a comprehensive assay quality control routine comprising the systematic use of standards, blanks and field duplicate samples. Secondary laboratories are used for check assaying.

About Vena Resources

Vena Resources Inc. is a Canadian mining company focused on the exploration and development of Peru\'s mineral potential. Employing a model of diversification across metals and regions in Peru to mitigate investment risk, the Company consists of four divisions: Mining, Energy, Precious Metals and Base Metals. Vena\'s zinc project, Azulcocha, with an initial NI 43-101 resource estimate of almost 200 million pounds is scheduled to commence production in fall 2008. Together with the Company\'s strategic partners, Cameco and Glencore, Vena will advance its significant portfolio of almost 100,000 hectares this year. Through its board of directors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance relating to Peru and Canada.

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: 71,648,073

Fully-Diluted: 92,710,644

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 (416) 364-5400 (FAX) Email: This email address is being protected from spambots. You need JavaScript enabled to view it. Website: www.venaresources.com Equicom Group Michael Joyner (416) 815-0700, ext. 275 Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

SOURCE: Vena Resources Inc.

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