Venus Metals Corporation Limited

Venus Metals Corporation Limited (ASX:VMC) are pleased to advise that the RC and Diamond drilling programme has commenced at the Eucla Moodini Project.

The Directors of Venus Metals Corporation are pleased to confirm the granting of tenement E59/1593 "Yarloo Well "Murchison Base Metal Project. The Yarloo Well Project has returned anomalous base metal geochemistry from a Venus initiated CSIRO well and water bore sampling program. A significant result was returned from a sample collected at the Yarloo Well with strongly elevated Cu (466ppb) and Zn (540ppb) values.

Venus Metals Corporation Limited (ASX:VMC) ("Venus") report the results of the Scoping Study on the Yalgoo Iron Ore Project (as completed by Mineral Engineering Technical Services Pty Ltd. Their financial model indicates a potential net present value of A$1.14billion with internal rate of return of 24.4% based on a 30 Mtpa mine.

Venus Metals Corporation Limited (ASX:VMC) have identified a number of north-northwest trending en-echelon responses, some that are coincident with gravity anomalies over the Yarrie East project area in the Telfer North Super Project Area. Resource Potentials believe the anomalies represent layered ultramafic and are considered prospective for Cu/Ni/PGE massive sulphides.

Venus Metals Corporation Limited (ASX:VMC) has identified further large open pittable magnetite exploration targets in addition to the JORC Compliant Inferred Magnetite Iron Ore Resource of 443.9 Million Tonnes at Bilberatha Hill.

Venus Metals Corporation Limited (ASX:VMC) is pleased to advise that it has completed a private placement of 2,000,000 shares at A$2.00 per share together with one (1) free attaching option for every two (2) shares subscribed for (each option exercisable at A$3.00 on or before 30 June 2012) to raise A$4,000,000 ("Placement").

Venus Metals Corporation Limited (ASX:VMC) is pleased to report a JORC Compliant Inferred Magnetite Iron Ore Resource of 443.9 Million Tonnes at Bilberatha Hill, and highly encouraging Metallurgical test results of drill holes YGDD001 and YGDD002.

Venus Metals Corporation Limited (ASX:VMC) is extremely pleased to advise that nine Prospecting Licences covering parts of Smoke Creek have been granted.

Venus Metals Corporation Limited (ASX:VMC) is pleased to advise the results of the recently completed gravity surveys at Mt Morris IOCG/base metal target. The gravity results indicate three discrete 2 mGal gravity highs typical of Iron oxide-Copper-Gold deposits.

Venus Metals Corporation Limited (ASX:VMC) are pleased to announce significant results from the Companies co-funded CSIRO reconnaissance water bore sampling program recently completed in the North West Murchison Uranium and Base Metals project.