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.
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