Vena commences underground development at Pucara project

Vena Resources Inc., a Canadian mining company focused on the exploration and development of Peru’s mineral potential, has received all the required permits to commence an underground development program to further investigate its 100% owned copper-gold-silver-lead project at Pucara in the Puno District of Peru.

A 4,800 metre drill program was completed on this property earlier this year showing continuity along the northern veins for more than 550 metres and preliminary metallurgical tests have indicated encouraging results.

The company, which has already hired Henkle and Associates to complete a NI 43-101 compliant report, says that the initial activity will be an underground drifting program consisting of 1,800 metres on several of the northern veins.

The Pucara project is adjacent to electrical grid lines, abundant water supply and is 1.5 km from a major highway.

Resource Development Inc., from Denver, Colorado will perform multiple bulk sample evaluations as part of a scoping study.

Concurrent to these programs, a design concept for a nearby open pit scenario on the Gladys Stockwork will be undertaken.

Vena Resources Inc. 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.