VENTANA CLARIFIES WEBSITE DISCLOSURE
Vancouver, B.C., April 16, 2010 – Ventana Gold Corp. (TSX: VEN) ("Ventana” or "the Company”) – As a result of a review by the British Columbia Securities Commission, Ventana is issuing the following news release to clarify its website disclosure.
Media articles posted on Ventana's website that were originally published in the National Post on June 25 and October 4, 2009 referred to conceptual estimates and potential resources of gold at the Company's La Bodega project in Colombia. By posting these articles, which referred to estimates made by third parties, Ventana did not intend to adopt or endorse these estimates. Ventana has removed the media articles from its website and all references to potential resource quantities from Ventana's technical presentation.
Ventana has not completed a detailed mineral resource estimate within the meaning of National Policy Instrument 43-101 ("NI 43-101”) on any of its properties. Any third party estimates based on Ventana's published drilling information are conceptual in nature only, are not endorsed by Ventana, and should not be relied upon by investors. In addition, Ventana does not endorse results of economic analysis appearing on any third party website, and advises such information not be relied on.
The content of this news release has been approved by Jon Lehmann, L.P.G., a qualified person as defined in NI 43-101.
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.