VLV Venerable Ventures Ltd

Venerable Ventures Ltd. (TSX VENTURE: VLV) ("Venerable" or the "Company") is pleased to announce it has received a Mines Act Permit for the Trout Property issued for the period beginning August 22, 2011 and ending December 31, 2012 for mineral exploration.

The Trout Property comprises nineteen contiguous mineral tenures with a total area of 69 sq. km (6929 hectares), located 70 km southwest of Vanderhoof in central British Columbia. The Trout Property has been the subject of numerous exploration programs in the past that have included trenching, soil sampling and 56 drill holes. An airborne survey was conducted in December, 2010, consisting of 826 line kilometres covering the entire group of claims. Analysis and interpretation was conducted by SJ Geophysics of Surrey, BC.

The Company conducted a soil geochemistry program consisting of 966 samples over two grids with a total area on the North East grid of 6.41 sq. km and the West grid of 1.85 sq. km. The samples were submitted to ACME Laboratories of Vancouver, BC for analysis. Partial results have been received and will be analyzed and compared to the geophysical results in designing the upcoming trenching and drill program.

The initial drill program is expected to commence in the fourth quarter of 2011 and will consist of approximately 2,500m of NQ diamond core drilling. In conjunction with the drill program, mechanized trenching will be conducted around surface outcroppings.

Technical information in this news release has been reviewed and approved by Jim Cuttle, P.Geo., a Qualified Person as defined in National Instrument 43-101. For further information regarding the Trout Property, see the Company's technical report, entitled "Technical Report on the Trout Mineral Property" and dated March 23, 2011, which is available on SEDAR at www.sedar.com.

Ryan Sharp, President, Chief Executive Officer and Director

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's proposed future drilling programs and analyzing of sample results. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company's actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) the occurrence of any events that prevent the Company from completing its planned drill programs in the time expected or at all; and (2) other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws. Additional information about the Company and these and other assumptions, risks and uncertainties is available in the Company's public filings with Canadian securities regulators, available on SEDAR at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Venerable Ventures Ltd. Ryan Sharp President and CEO (604) 647-0146 ryan@venerableventuresltd.com www.venerableventuresltd.com