Luis Baertl Joins Vena Resources Board of Directors
TORONTO, ONTARIO -- (Marketwire) -- 09/07/10 -- Vena Resources Inc. ('Vena' or the 'Company') (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R)(OTCBB: VNARF) is pleased to announce that Mr. Luis Baertl has agreed to join Vena's Board of Directors bringing a tremendous amount of expertise to the board as we move towards production and pursue a more focused approach with our exploration portfolio.
Mr. Baertl is currently the President and CEO of La Ermita Ltda., a Chilean limited partnership involved in mining, agriculture and real estate and a board member of Luna Gold, an emerging gold producer in Brazil. Luis brings extensive financial, business and technical expertise related to the mining industry both in Latin America and internationally, having worked and consulted for several mining and financial groups. Prior to joining La Ermita, Mr. Baertl was a founder of Peru Copper which was bought out by Chinalco for $840 million and he was previously Vice President BHP Billiton, Senior Vice President of Business Development of Barrick Gold Corporation and a senior executive in mining finance for Citicorp Citibank and the Chase Manhattan Bank.
In related news, Denis Clement one of Vena's original founders has decided to depart from Vena's board to focus on other business activities. The directors and all of management of Vena are grateful for Mr. Clement's contributions over the years and wish him the best in his future endeavors.
Juan Vegarra, Chairman and CEO commented: 'As we bring our first mine into production and we focus our exploration initiatives with our partners to achieve additional success, I am personally grateful that Lucho Baertl has agreed to join the board of directors. He is a well-known mining executive in Latin America and his advice and experience will be very valuable to Vena. I am sorry that Denis will be leaving the board as he has been a great director. I am glad I will continue to count with his friendship.'
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, Gold Fields and Trafigura, Vena will advance its significant portfolio of almost 80,000 hectares this year. Through its board of directors and advisors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance globally.
For further information on Vena Resources, please visit the Company website at www.venaresources.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.
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Contacts:
Vena Resources Inc.
Juan Vegarra
Chairman & CEO
(416) 364-7739, ext. 120
jvegarra@venaresources.com
Vena Resources Inc.
Andres Tinajero
Chief Financial Officer
(416) 361-2838
atinajero@venaresources.com
www.venaresources.com