Venus Metals Corporation Limited

Venus Metals Corporation Limited (ASX:VMC) is pleased to announce the appointment of Mr Barry Fehlberg B Sc Hons as Senior Expert Exploration Advisor to the board of VMC. In this role, Mr Fehlberg will provide the board of VMC with strategic advice in regard to the Company's ongoing exploration and evaluation programs.

Gravity survey results over Venus Metals Corporation Limited (ASX:VMC) Radi Hills IOCG/base metal target(*) show that the Radi Hills magnetic high has a coincident "bullseye" 5 mGal gravity high typical of Iron oxide-Copper-Gold (IOCG) deposits.

Australian shares Monday extended the drops and hit a one-month closing low, as US President Barack Obama's plan to curb bank risk-taking raised concerns about US banks. At the close, the benchmark S&P/ASX200 index slid 32.7 points, or 0.7 per cent, at 4717.9 while the broader All Ordinaries index slipped 28.8 points, or 0.6 per cent, to 4743.1.

Wall Street continued its gains for a fifth day on Thursday on some upbeat economic data and corporate guidance. The Commerce Department's report showed a sign of consumer spending pickup as US trade volume and imports surged. A separate report said jobless claims fell to 550,000 in the past week.