LevelStock.com: Vena Enters Into C$10 Million Standby Equity Distribution Agreement

Vena Resources Inc. (the "Company" or "Vena Resources") (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R)(OTCBB: VNARF) announces today that the Company has entered into a standby equity distribution agreement ("SEDA") with YA Global Master SPV, Ltd. ("YA Global"), a fund managed by Yorkville Advisors, LLC, whereby Vena Resources has the option, at its sole discretion, to issue and sell, and YA Global is committed to purchase, up to CAD $10 million of common shares from the Company.

Under the SEDA, the Company can draw on YA Global's commitment by submitting draw down notices from time to time. Each draw down notice is subject to a maximum amount of $150,000 and certain other conditions. The purchase price of the newly issued shares will be priced at 92.5% of the relevant average daily price of the common shares for each trading day during the draw down pricing period. The shares issuable pursuant to the SEDA will be qualified by prospectus and, as such, not subject to a hold period. There are no restrictions on the Company's corporate finance or strategic activities during the term of the SEDA. The Company can terminate the SEDA at any time without the payment of any additional fees. A copy of the SEDA is available electronically at www.sedar.com.

Juan Vegarra, Chairman and CEO of Vena commented:

"As we review our five year corporate strategy it makes sense to have access to a financing vehicle with the ability to access strategic amounts of capital at our sole discretion when it is most convenient to the Company, thus placing Vena in a more comfortable position to react to opportunities with readily available and flexible capital, while continuing to review other finance related opportunities."

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, Clean Energy, Precious Metals and Base Metals. Together with the Company's strategic partners, Cameco, Goldfields and Glencore, Vena is working to advance its significant portfolio of almost 90,000 hectares this year. Through its board of directors, management and advisors, Vena Resources believes that it possesses the unique skills and experience in management, mining and finance needed to advance its projects in Peru.

For further information on Vena Resources, please visit the Company website at www.venaresources.com.

About Yorkville Advisors

Yorkville Advisors, LLC is the investment manager to a family of funds, which specializes in providing flexible, innovative finance investments in publicly listed companies worldwide. Pioneered nine years ago by Yorkville, a SEDA offers companies a cost effective way to raise capital to fund their business plans, growth strategies, or other corporate uses. Yorkville has offices in Jersey City, New Jersey; Jupiter, Florida; Denver, Colorado; London and Hong Kong. It also has joint venture agreements in Italy, Israel and Greece. For further information please visit www.yorkvilleadvisors.com.

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: 88,264,576

Fully-Diluted: 103,173,760

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

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