Venerable Ventures Ltd. (TSX VENTURE:VLV) ("Venerable" or the "Company") is
pleased to provide an exploration update on its Trout Property. The Company has
begun a Phase One 2,200 metre drilling program on three of the seven targets.
Four of the remaining targets will be investigated by additional soil
geochemistry, rock sampling, geological mapping and prospecting before season
closure. The target is epithermal gold mineralization associated with zones of
silica-sulphide and surrounded by broader clay alteration. 


The Company's objective is to test for similar Discovery and Camp Zone style
mineralization to the northeast and within this graben structure. Here,
mineralization may either be 'buried' by a thin veneer of post-mineralization
basalt or occur as near-surface silicified structures outside the basalt cover.
Previous operators have never tested for gold and silver mineralization along
these two northeast trends.


Descriptions of the drill targets are listed below, all of which are considered
consistent with the Company's exploration objectives:




----------------------------------------------------------------------------
                              New Target                        Graben      
Num Name         Status       Description          Location     Structure   
----------------------------------------------------------------------------
1   Cap Zone     Drill ready  730m by 450m IP      1 kilometre  South fault 
                              anomaly with co-     NE of                    
                              incident Au-Ag-Cu-Hg Discovery                
                              in soil                                       
----------------------------------------------------------------------------
2   Camp Zone    Drill ready  Venerable collected  250 metres   South fault 
                              additional assays    north of                 
                              from un-split        Discovery                
                              historical core      Zone                     
                              (hole 90-04) - 0.45                           
                              g/t Au over 44.52m                            
----------------------------------------------------------------------------
3   Discovery    Drill ready  Rock chip samples,   Discovery    South fault 
    Zone                      4.5 g/t Au, 22 g/t   Zone                     
                              Ag over 3m flanking                           
                              Discovery zone                                
----------------------------------------------------------------------------



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


The Company also wishes to announce that 725,000 options have been granted to
certain directors, officers and employees under the Company's stock option plan.



About the Company

Venerable is a Canadian natural resource company engaged in the acquisition,
exploration and development of mineral properties, with its primary focus on the
Trout Property. Venerable holds an option to acquire a 100% interest in and to
the Trout Property. The Trout Property is 65 kilometres southwest of Vanderhoof,
BC on the Nechako Plateau and covers an area of 7,179 hectares. The Trout
Property is approximately 40km NNE of NewGold's Blackwater Project. 


ON BEHALF OF THE BOARD

VENERABLE VENTURES LTD.

Ryan Sharp, President, Chief Executive Officer and Director

Disclaimer for Forward-Looking Information

This press release contains projections and forward-looking information that
involve various risks and uncertainties regarding future events related to the
Company's proposed exploration plans at the Trout Property. Such forward-looking
information can include statements based on current expectations involving a
number of risks and uncertainties and are not guarantees of future performance
of the Company, such as the Company's ability to finance its planned
exploration; the Company's ability to source the necessary infrastructure to
effect its exploration plans; current economic conditions and the state of
mineral exploration and mineral prices in general. These risks and uncertainties
could cause actual results and the Company's plans and objectives to differ
materially from those expressed in the forward-looking information. The Company
can offer no assurance that its exploration and development plans will be
conducted in the time expected or at all. These and all subsequent written and
oral forward-looking information are based on estimates and opinions of
management on the dates they are made and are expressly qualified in their
entirety by this notice. Except as required by law, the Company assumes no
obligation to update forward-looking information should circumstances or
management's estimates or opinions change.
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