VML Viscount Mining Corp

Verena Minerals Corporation ("Verena" or the "Company") (TSX VENTURE:VML) is
pleased to announce that it has closed the previously announced private
placement offering (the "Offering") for aggregate gross proceeds of $6,000,000,
including the full $1,000,000 over-allotment option. D & D Securities Company,
acted as the agent (the "Agent") in respect of the Offering, in which the
Company issued 24,000,000 units ("Unit"), at a price of $0.25 per Unit. Each
Unit consists of one common share of the Company ("Common Share") plus one
common share purchase warrant ("Warrant"). Each Warrant entitles the holder
thereof to acquire one Common Share of the Company at a price of $0.50 until
March 3, 2012.


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 Corporation issued to the Agent and the registered sub-agents an aggregate
of 1,200,000 common shares in the capital of the Corporation and issued
1,200,000 compensation options, exercisable until March 3, 2012 to acquire up to
1,200,000 Units of the Corporation on the same terms as the Units sold under the
Offering.


All securities issued pursuant to the Offering, including the Common Shares and
Warrants underlying the Units, and the common shares and compensation options
issued to the Agent and sub-agents are subject to a four (4) month statutory
hold commencing from closing.


Further to the Company's news release issued on February 19, 2010, effective
today, Mr. Stan Bharti will be appointed Chairman of the Board replacing Mr.
Stephen Roman, Mark Eaton will become President and CEO replacing Mr. Roman, and
Mr. Helio Diniz based in Belo Horizonte, Brazil will become VP, Exploration,
replacing Mr. George Flach. Mr. Jeff Dawley has also agreed to step down as
Verena's CFO, to be replaced by a new CFO appointed by the new Board.


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 completing a feasibility study and expanding its 100%
owned Volta Grande Project, located in Para State. Verena trades on the TSX
Venture Exchange and has approximately 136 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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