Mr. Juan Vegarra reports

VENA FILES NI 43-101 REPORT FOR MACUSANI URANIUM PROJECT IN PERU

Vena Resources Inc. has completed an independent National Instrument 43-101-compliant resource estimate for its Macusani uranium project, located in Peru. The estimate will be filed on SEDAR and on the company's website today. Henkle and Associates has completed its first resource estimate for Minergia SAC, a uranium exploration company owned by Vena (75 per cent) and Cameco Corp. (25 per cent). It should be noted that the NI 43-101-compliant resource estimate only encompasses five of the nine properties in the Macusani region. Minergia also owns uranium properties in the Munani region where work is continuing.

The current resource numbers are based on 25,187 metres of diamond drilling in 158 drill holes performed over four years covering a small portion of the prospective target areas and indicates an overall resource estimate for the Macusani region of 8,316,818 pounds of indicated resources and 14,211,857 pounds of inferred resources at a 0.18-pound-per-ton cut-off and 7,618,216 pounds of indicated resources and 13,172,202 pounds of inferred resources at a 0.36-pound-per-ton cut-off as outlined in the associated table. A new drill program is expected to begin mid-January, 2011, intended to increase resources at Tantamaco and Isivilla.

                              INDICATED RESOURCES
           (At a 0.18-pound-per-ton (90.72 parts per million) U3O8 cut-off)


Prospect               Tons  Pounds U3O8   Pounds per ton U3O8      U3O8 (ppm)      U3O8 (%)

Tantamaco        15,018,504    7,598,193                 0.506           253.1         0.025
Nuevo Corani      3,530,769      706,660                 0.200           100.7         0.010
Isivilla             59,432       12,016                 0.202          101.15         0.010
Tuturumani                0            0                                  0.00         0.000
Calvario Real             0            0                                  0.00         0.000
Totals           18,608,705    8,316,868                 0.447          223.62         0.022


                              INDICATED RESOURCES
       (At a  0.36-pound-per-ton (181.44 parts per million) U3O8 cut-off)
              
Prospect              Tons  Pounds U3O8   Pounds per ton U3O8   U3O8 (ppm)      U3O8 (%)

Tantamaco       11,648,037    7,089,536                 0.609       304.36         0.030
Nuevo Corani     1,524,868      528,681                 0.347       173.27         0.017
Isivilla                 0            0                               0.00         0.000
Tuturumani               0            0                               0.00         0.000
Calvario Real            0            0                               0.00         0.000
Totals          13,172,905    7,618,216                 0.578       289.39         0.029



                                INFERRED RESOURCES
        (At a 0.18-pound-per-ton (90.72 parts per million) U3O8 cut-off)
                 
Prospect               Tons   Pounds U3O8   Pounds per ton U3O8   U3O8 (ppm)      U3O8 (%)

Tantamaco        14,997,623     7,369,497                 0.491       245.85         0.025
Nuevo Corani      8,088,525     3,437,884                 0.425       212.73         0.021
Isivilla          4,672,106     1,474,393                 0.316       157.85         0.016
Tuturumani        6,031,431     1,159,868                 0.192        96.16         0.010
Calvario Real     1,413,372       770,215                 0.545       272.61         0.027
Totals           35,203,067    14,211,857                 0.404       201.85         0.020


                               INFERRED RESOURCES
          (At a 0.36-pound-per-ton (181.44 parts per million) U3O8 cut-off)

Prospect              Tons  Pounds U3O8  Pounds per ton U3O8   U3O8 (ppm)        U3O8 (%)

Tantamaco       12,376,120    6,996,922                0.565       282.59           0.028
Nuevo Corani     5,011,462    3,099,041                0.618       309.35           0.031
Isivilla         3,699,196    1,426,146                0.386       192.78           0.019
Tuturumani       2,248,497      879,877                0.391       195.50           0.020
Calvario Real    1,413,372      770,215                0.545       272.61           0.027
Totals          24,748,647   13,172,202                0.532       266.56           0.027