NEWS RELEASE February 19, 2007

130 Adelaide Street West, Suite 2700

Toronto, Ontario, Canada, M5H 3P5

T: 416.364.7739 F: 416.364.5400

www.venaresources.com

Shares Outstanding:

55,583,835

Fully-Diluted: 61,388,835

Vena Resources Acquires “Granja Nueva” Copper/Gold Project in Peru and Provides Update on Azulcocha and Uranium Exploration

Toronto, Ontario – Vena Resources Inc. (TSX.V: VEM, Lima: VEM, Frankfurt: V1R, OTC: VNARF) is

pleased to announce that it has acquired the Granja Nueva cooper/gold mineral concessions

totaling 2,800 hectares from the Ministry of Energy and Mines of Peru. The Company is waiting

for formal title documentation, however in the meantime it is in the process of assembling an

exploration team to confirm the historical data and expand our geological knowledge of Granja

Nueva leading to a drilling campaign. Previous geological work performed by Cambior

identified five targets within the area: El Pozo; Rumichaca; El Rejo; Totoral; and La Chonta.

Further technical updates related to project developments will be reported after field

confirmation programs.

Granja Nueva is adjacent to Rio Tinto’s world-class La Granja project in northern Peru. Rio

Tinto acquired La Granja in December 2005 from the Peruvian government via an open bid

process. Prior to Rio Tinto’s ownership, La Granja was owned by Cambior which reported

several billion pounds of copper in-situ.

Granja Nueva is an early stage exploration project in an area of northern Peru where some of

the largest copper porphyries and/or high sulfidation gold deposits have been found to date in

Peru. This area is actively being explored and developed by several multi-national companies

including Rio Tinto, Newmont, Buenaventura, Goldfields, CVRD, and Southern Copper.

Michiquillay a world class copper/gold project is also located in this region of Peru and is in the

process of being auctioned by the Peruvian government prior to April 30th. A number of junior

companies have advanced exploration projects in this region including Candente’s Canariaco,

Northern Peru Copper’s Galeno as shown in the regional map on the following page.

Juan Vegarra, Chairman and CEO of Vena states:

“We now have three significant copper/gold or copper/moly exploration projects

in Peru and we look forward to aggressively exploring Granja Nueva in 2007.

Given its proximity to a world class project owned by Rio Tinto and the historical

information available for the area showing five potential targets within the

concession area, we are excited about its potential for the long term.”

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Azulcocha

In other news, the Company has received a draft report from MineFill Engineering regarding the

scoping study of the Azulcocha Zinc mine. Vena expects to release the final version later this

month. To speed up the drilling program, a second drill rig is now in place.

Uranium Exploration

Also, the Company is pleased to announce that it has come to an agreement with the community

of Isivilla in the Macusani district enabling exploration and drilling to commence on this

prospective Uranium ground as part of Vena’s agreement with Cameco Corporation. Vena will

now submit its application to the Government for the required drilling permits.

For further information please visit the Company website at www.venaresources.com or contact:

Juan Vegarra, Chairman & CEO at (416) 364-7739, ext. 120 or email jvegarra@venaresources.com

or Pro-Edge Consultants Inc., Tracy Weslosky or Fred Cowans – Managing Partners at

(866) 544-9622 or (416) 581-0177 or info@pro-edge.com

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