Verena increases 66.7% resource estimate

Verena Minerals Corporation reports an updated National Instrument 43-101 compliant resource estimate for its wholly owned Volta Grande property located in Para State, Brazil. The mineral resource estimate has been prepared by Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA).

Compared to the Company’s December 2005 resource, indicated resources increased by 66.7% to 400,000 ounces of contained gold (13.5 million tonnes at 0.92 grams per tonne (g/t)) and inferred resources increased 8.9% to 1,629,000 ounces of contained gold (54.5 million tonnes at 0.93 g/t) using a 0.5 g/t cut-off. The resource estimate is based on 33,198 metres of drilling, comprised of 31,662 metres of diamond drilling and only 1,536 metres of RC drilling and incorporates the results of the work completed in 2006 and 2007.

We are pleased with the results of this update, said Ron Stewart, President and CEO of Verena. Not only has the resource increased, but the new model provides us with a number of excellent exploration targets to continue to expand the resource. This provides us with a platform to move into preliminary engineering studies.

The mineral resources are present in two areas that have been drilled by Verena: Grota Seca and Ouro Verde. Most of the mineral resource is in the Grota Seca area. In each area, there are a number of interpreted sub parallel zones of gold mineralization which have been modeled in 3D to guide interpolation of gold grades into blocks using ordinary kriging. High gold grades are capped at 21 g/t prior to compositing. Classification of the mineral resources into indicated and inferred categories is guided by drill hole density, interpreted variogram ranges, and the apparent continuity of the mineralized zones. The table below lists the Volta Grande mineral resources at several cut-off grades. Scott Wilson RPA recommends reporting at the 0.5 g/t Au cut-off.