Verena Minerals Announces Increase in Private Placement

Further to its news release on February 19, 2010 announcing the terms of a
private placement financing (the "Financing"), Verena Minerals Corporation
("Verena" or the "Company") (TSX VENTURE:VML) is pleased to announce that due to
the large demand received from investors it has raised the over-allotment option
(the "Over-allotment Option") granted to D&D Securities Company (the "Agent").
The Over-Allotment Option has been raised to 4,000,000 units or an aggregate of
24,000,000 units in total under the Financing. The total amount now to be raised
under the Financing is $6,000,000.


In connection with raising the amount under the Over-Allotment Option, the
Company has also agreed to raise the compensation payable to the Agent if the
Financing is fully subscribed (including the Over-Allotment Option). The Agent
will now receive 1.2 million common shares, as well as 1,200,000 warrants
exercisable for units as compensation for completing the financing in full.


The closing of the Financing is expected to occur on or about March 2, 2010 or
such other date that Verena and the Agent agree and is subject to certain
conditions including, but not limited to, the receipt of all necessary
regulatory approvals, including the approval of the TSX Venture Exchange.


About Verena

Verena Minerals Corporation is a Canadian based mineral exploration company with
portfolio of properties including gold and Alexandrite gemstones in Brazil.
Verena's prime focus is on expanding the deposit and completing a feasibility
study on its 100% owned Volta Grande Project, located in Para State. Verena
trades on the TSX Venture Exchange and has approximately 112 million common
shares issued and outstanding.


Cautionary Statement on Forward Looking Information

This press release may include forward looking statements within the meaning of
securities laws. Forward looking statements involve certain risks and
uncertainties that could cause actual results to differ materially from what is
currently expected. Accordingly, readers should not place undue reliance on
forward looking statements. For a more detailed discussion of such risks and
other factors, refer to Verena's filings with the Canadian securities regulators
available on www.sedar.com or the Company's website at www.verena.com.