Venerable Ventures Ltd. Announces Completion of Non-Brokered Private Placement

Venerable Ventures Ltd. (TSX VENTURE:VLV) ("Venerable" or the "Company") is
pleased to announce that, further to its press release of June 9, 2011, it has
completed a non-brokered private placement (the "Offering") for aggregate gross
proceeds of $1,158,850. The Offering was completed in two tranches. The first
tranche, which closed effective July 8, 2011, consisted of the issuance of: (i)
3,570,000 units (each, a "Unit") at a price of $0.25 per Unit for gross proceeds
of $892,500, and (ii) 689,572 flow-through units (each, an "FT Unit") at a price
of $0.35 per FT Unit for gross proceeds of $241,350. The second tranche, which
closed effective July 19, 2011, consisted of the issuance of 100,000 Units for
gross proceeds of $25,000.


Each Unit consists of one common share of Venerable (each, a "Share") and one
common share purchase warrant, with each warrant entitling the holder to
purchase an additional Share at a price of $0.60 per Share for 12 months from
the date of issuance, subject to a right of call of the Company under certain
conditions.


Each FT Unit consists of one Share, issued on a "flow-through" basis (each, an
"FT Share") and one common share purchase warrant, with each, warrant entitling
the holder to purchase an additional Share at a price of $0.60 per Share for 12
months from the date of issuance, subject to a right of call by the Company
under certain conditions. Each FT Share entitles the investor to the tax
benefits of the qualifying Canadian exploration expenses incurred by the Company
prior to December 31, 2011.


The Company paid a finder's fee to a finder in connection with the completion of
the Offering consisting of: (i) a cash fee equal to 8% of the proceeds of any
Units or FT Units placed by the finder and (ii) the issuance of warrants equal
to 8% of the Units or FT Units placed by the finder (the "Broker Warrants"). All
securities to be issued pursuant to the Offering, including the Broker Warrants,
are subject to a four-month hold period. The Company has received conditional
approval from the Exchange for the Offering.


The Company will use the proceeds of the Offering for its Trout Property,
located in the area of the Nechako Plateau, British Columbia, and for general
working capital purposes.


For more information, please refer to press releases which are available on
SEDAR at www.sedar.com.


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.


ON BEHALF OF THE BOARD

VENERABLE VENTURES LTD.

Ryan Sharp, President, Chief Executive Officer and Director