VNTN Venturenet Capital Group Inc (CE)

VentureNet Capital Group, Inc. (Pink Sheets:VNTN) announced today that its joint venture gold mining project with West Desert Gold Mines, Inc. and Universal Mud should be in production in February of 2008. The mining project is the�Willow Creek Placer Mine in Humboldt County, Nevada. It is over 400 acres of deeded land with three recycling ponds containing an estimated 400,000 tons of tails and mud to be processed by Universal Mud. The assays show 3-5 oz. of micro gold per ton, according to over 20 tests that have be completed in the area. Universal Mud estimates 100 ton per hour, or 1,000 tons per day in production for the first 2-3 months and then upgrading the recovery to double or triple the volume. Universal Mud will run the entire operation and provide their placer recovery system for 40% of the net metal recovered. VentureNet Capital Group should realize $3,000.00 per day from their 30% interest and West Desert Gold Mines, Inc. will receive 30% for management and oversight consulting. Additional working capital necessary to make this project commercially viable and successful must be arranged before production can begin as well as payment of the option money for the mining claim. If financing is not arranged the project will not get into production. About VentureNet Capital Group VentureNet Capital Group is a business consulting and management company that provides capital information, media services, advertising and marketing as well as funding to public and private companies. The company specializes in helping with funding public businesses that represent emerging growth opportunities as well as established companies that demonstrate potential for long-term capital growth. VentureNet produces a radio talk show called wallstreetnewshour.com, and co-produces a national television show filmed on the floor of the American Stock Exchange called Let's Talk Stock, to help profile public companies to the capital markets. VentureNet also markets JIAN business software at www.jian.com/a/mkb123. Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, further events or otherwise.