VENTANA CLARIFIES NO IMPACT OF COLOMBIAN MINING
LEGISLATION ON LA BODEGA PROJECT
Vancouver, B.C., April 26, 2010 – Ventana Gold Corp. (TSX: VEN) ("Ventana” or "the Company”) – Following news this morning that the Colombian Ministry of the Environment, Housing and Territorial Development has requested Greystar Resources Ltd. file a new Environmental Impact Assessment to conform with Law 1382 of 2010, which reforms the existing Mining Code, Ventana confirms that the development of its La Bodega project is not affected.
Ventana President and CEO Steve Orr said: "We have known about this legislation for some time and it does not affect Ventana. The highest point on our La Bodega property is about 2,900 metres. Further, La Bodega is operating under an approved environmental management plan.”
Law 1382 requires that mining and exploration activity must be excluded from the "Paramo" ecosystem. Paramo is an ecosystem above 3,200 metres elevation consisting of glacier-formed valleys and plains with lakes, peat bogs, and wet and dry grasslands intermingled with shrub lands and forest patches. All of Ventana's mineralization and proposed or planned facilities are at elevations well below the Paramo ecosystem.
About Ventana
Ventana is a Vancouver-based mineral exploration and development company with mineral rights to 4,573 hectares of exploration property in northeastern Colombia. Ventana is currently drilling at the La Bodega project, with a focus on expanding the high-grade La Mascota zone. The Company's shares trade on the Toronto Stock Exchange under the symbol VEN.
For additional information please visit http://www.ventanagold.com/or contact:
Meghan Brown, Investor Relations Manager
tel (604) 638 2002
email mbrown@ventanagold.com
Cautionary Statement Regarding Forward-looking Information
Certain of the statements made and information contained in this press release may constitute forward-looking information within the meaning of applicable securities legislation. All information and statements which are not historical fact constitute forward-looking information and, in many cases, can be identified by words such as "may", "will", "expect", "plan", "anticipate", "believe", "estimate", "potential", or other similar terminology. The forward-looking information contained in this press release is based on the reasonable expectations and beliefs of management as at the date of this press release and involves numerous assumptions, known and unknown risks and uncertainties, both general and specific to Ventana and the industry in which the Company operates. Such assumptions, risks and uncertainties include, but are not limited to future prices of gold, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated as well as those factors disclosed in Ventana's documents filed from time to time with the securities regulators in the provinces of British Columbia, Alberta and Ontario. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of the Company, or industry results, may vary materially from those described in this press release. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as otherwise required by law, Ventana does not intend to and assumes no obligation to update or revise forward-looking information, whether as a result of new information, plans, events or otherwise.