Venerable Announces Option Exercise Payment

Venerable Ventures Ltd. ("Venerable" or the "Company") (TSX VENTURE:VLV) is
pleased to announce that, pursuant to the terms of an option agreement dated
April 26, 2011 (the "Option Agreement") with Robert Carmichael and Landmark
Geological Inc. (collectively, the "Optionors"), the Company has completed the
first anniversary payments required to be made to the Optionors as partial
consideration for the exercise of the option to acquire a 100% interest in and
to the Trout Property. The first anniversary payments consisted of an aggregate
cash payment of $50,000 and the issuance of an aggregate of 100,000 common
shares of the Company to the Optionors. 


The common shares issued to the Optionors in connection with the first
anniversary payments are subject to a four month and one day hold period under
applicable securities laws.


About the Company

Venerable is a Canadian natural resource company engaged in the acquisition,
exploration and development of mineral properties, with its primary focus on the
Trout Property. Venerable holds an option to acquire a 100% interest in and to
the Trout Property pursuant to the terms of the Option Agreement. The Trout
Property is 65km southwest of Vanderhoof, BC on the Nechako Plateau and covers
an area of 7179 Hectares. The Trout Property is approximately 40 km NNE of
NewGold's Blackwater Project. 


ON BEHALF OF THE BOARD

VENERABLE VENTURES LTD.

Ryan Sharp, President, Chief Executive Officer and Director