VML Viscount Mining Corp

Verena Minerals Corporation ("Verena" or the "Company")(TSX VENTURE:VML)
announced today that it has made changes to its Board and management team in
Brazil.


Effective immediately, Messrs. Elmer Prata Salomao Neto, Jad Salomao Neto and
Walid El Koury Daoud have tendered their resignations as Verena directors and
local management, however, they will be available during the transition to a
project development team who are currently being engaged. Verena has made this
decision in order to progress its flagship Volta Grande project through the
feasibility phase and eventually financing and construction of a mining
operation.


"The Board of Directors is moving aggressively towards completion of a
feasibility study at Volta Grande and felt the time was appropriate to
transition from an exploration team to a project development team," said Stephen
G. Roman, Verena's CEO.


The Company has agreed to terms for the resignations, and in conjunction has
accepted the resignations from each of Mr. Elmer Prata Salomao and Mr. Jad
Salomao Neto as directors of Verena. Mr Walid El Koury Daoud will remain on
Verena's Board during a transition period until the next annual shareholder
meeting. The Board of Verena thanks the three founding Brazilian members of
Verena's management for their efforts over many years of dedicated service to
Verena, helping manage it from its formative years through its development into
a solid exploration company with significant assets in Brazil, and wishes them
well in their future endeavours. Verena's Board welcomes Walid Daoud's
continuing contributions as an independent director over the next few months
during the transition period.


Verena also announced that it has received a formal notice from Robert F. Rose,
a shareholder of Verena, requesting that the Company convene a special
shareholders meeting to elect 4 directors to the Verena Board under the
provisions of section 105(1) of the Ontario Business Corporations Act. Mr. Rose
has named the four directors he would propose being: Mr. Stan Bharti, Mr. Bruce
Humphrey, Mr. Bill Pearson and Mr. Peter Tagliamonte. These new proposed
members, according to Mr. Rose's letter, will join Stephen G. Roman, Terence
Ortslan and Douglas Scharf, who are currently members of the Verena Board. Mr
Rose also indicates the new Board members, once elected, would move to engage a
new management and operations team in Brazil. Finally, Mr. Rose has confirmed
that Mr. Stan Bharti of Forbes & Manhattan has consented to the requisition and
proposed changes. Mr. Rose has made the requisition for the special shareholders
meeting on the basis that he holds greater than 5 % of the outstanding shares in
Verena.


Currently, the next phase of step-out and definition drilling is scheduled to
commence in three weeks at Verena's Volta Grande property.


About Verena

Verena Minerals Corporation is a Canadian based mineral exploration company with
portfolio of properties including gold and Alexandrite gemstones in Brazil.
Verena's prime focus is on expanding the deposit and completing a feasibility
study on its 100% owned Volta Grande Project, located in Para State. Verena
trades on the TSX Venture Exchange and has approximately 112 million common
shares issued and outstanding.


Cautionary Statement on Forward Looking Information

This press release may include forward looking statements within the meaning of
securities laws. Forward looking statements involve certain risks and
uncertainties that could cause actual results to differ materially from what is
currently expected. Accordingly, readers should not place undue reliance on
forward looking statements. For a more detailed discussion of such risks and
other factors, refer to Verena's filings with the Canadian securities regulators
available on www.sedar.com or the Company's website at www.verena.com.

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