VML Viscount Mining Corp

Further to its news release on February 19, 2010 announcing the terms of a private placement financing (the "Financing"), Verena Minerals Corporation ("Verena" or the "Company") (TSX VENTURE: VML) is pleased to announce that due to the large demand received from investors it has raised the over-allotment option (the "Over-allotment Option") granted to D&D Securities Company (the "Agent"). The Over-Allotment Option has been raised to 4,000,000 units or an aggregate of 24,000,000 units in total under the Financing. The total amount now to be raised under the Financing is $6,000,000.

In connection with raising the amount under the Over-Allotment Option, the Company has also agreed to raise the compensation payable to the Agent if the Financing is fully subscribed (including the Over-Allotment Option). The Agent will now receive 1.2 million common shares, as well as 1,200,000 warrants exercisable for units as compensation for completing the financing in full.

The closing of the Financing is expected to occur on or about March 2, 2010 or such other date that Verena and the Agent 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.

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 expanding the deposit and completing a feasibility study on its 100% owned Volta Grande Project, located in Para State. Verena trades on the TSX Venture Exchange and has approximately 112 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 the 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 President and CEO (416) 368-2998 www.verena.com