VML Viscount Mining Corp

Verena Minerals Corporation ("Verena" or the "Company") (TSX VENTURE: VML) is pleased to announce that it has engaged D & D Securities Company, the lead agent and Dundee Securities Corporation, the co-agent (collectively, the "Agents") to proceed with a brokered private placement offering, on a "best efforts basis", consisting of 25,000,000 units (the "Unit"), at a price of $0.20 per Unit, for total gross proceeds of up to Cdn $5 million (the "Offering"). Each Unit consists of one common share of the Company ("Common Share") plus one half of one common share purchase warrant ("Warrant"). Each whole Warrant entitles the holder thereof to acquire one Common Share of the Company at a price of $0.30 for a period of 18 months following the closing of the Offering.

Proceeds of the private placement will be used to fund ongoing exploration and development programs at Verena's projects in Brazil and for general corporate purposes.

The Agents will receive an aggregate cash commission equal to 7% of the total proceeds raised. In addition, the Agents will be issued broker warrants exercisable to acquire, in the aggregate, that number of Common Shares as is equal to 7% of the aggregate number of Units issued pursuant to the Private Placement. Each broker warrant will entitle the holder thereof to acquire one Common Share at a price of $0.20 for a period of 18 months following the closing of the Offering.

The closing of the Offering is expected to occur on or about November 12, 2009 or such other date that Verena and the Agents agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The securities underlying the Units, including the Common Shares and Warrants issued on closing will all be subject to a four (4) month statutory hold commencing from closing.

None of the securities have been registered under the Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law, and may not be offered or sold unless registered or exempt from such registration requirements. This press release does not constitute an offer or sale of securities.

About Verena

Verena Minerals Corporation is a Canadian based mineral exploration company with portfolio of properties including gold, diamonds and gemstones in Brazil. Verena's prime focus is on advancing and expanding its 100% owned Volta Grande Project, located in Para State. Verena trades on the TSX Venture Exchange and has approximately 99.7 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.

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: Verena Minerals Corporation Stephen G. Roman Chairman, President and CEO (416) 368-2998 www.verena.com