Venerable Ventures Announces Approval of Warrant Extension

Venerable Ventures Ltd. (TSX VENTURE:VLV) ("Venerable" or the "Company") is
pleased to announce today that, further to its press release of May 2, 2012, it
has received approval from the TSX Venture Exchange (the "TSX-V") to amend the
expiry date of 420,000 warrants issued pursuant to the private placement that
closed on May 19, 2011 from May 19, 2012 to November 19, 2012, and the 4,259,572
warrants issued pursuant to the private placement that closed on July 11, 2011
from July 12, 2012 to January 12, 2013. All other terms of the warrants,
including the exercise prices, remain unchanged.


Also in furtherance to its press release of May 2, 2012, the Company announces
that SJ Geophysics Ltd. of Delta, British Columbia, who has been contracted to
perform the 75km 3D IP survey, was mobilized to site on May 6, 2012. The
anticipated time to complete the survey is 6 weeks, after which time the data
will be modeled and targets will be outlined for approximately 2,000 metres of
Phase 1 drill testing. The Company is fully financed to conduct the IP survey
and the Phase 1 drill testing.


About the Company:

Venerable is a Canadian natural resource company engaged in the acquisition,
exploration and development of mineral properties, with its primary focuses on
the Trout Property. Venerable holds an option to acquire a 100% interest in and
to the Trout Property. 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 40km NNE of NewGold'sBlackwater Project.


ON BEHALF OF THE BOARD OF DIRECTORS OF VENERABLE VENTURES LTD.

Ryan Sharp, President and CEO