VentureNet Capital Group, Inc. Announces First Enhanced Oil Recovery Project in Texas

VentureNet Capital Group, Inc. (Pink Sheets:VNTN)
through its joint venture with Exploitation Engineers, Inc. of
Houston, Texas has located its first heavy oil project in Texas. This
possible acquisition so far has demonstrated considerable upside
potential according to management of Exploitation Engineers, Inc. and
is a perfect candidate for using EOR (Enhanced Oil Recovery).
   Enhanced Oil Recovery is a process by which the oil and gas
industry uses additional technology to recover crude oil from
formations that have been depleted of hydrocarbons by primary or
secondary recovery.
   Exploitation Engineers, Inc. is currently evaluating this project
to determine the viability of moving forward as a joint venture
project. This evaluation is still in the preliminary stages and will
take some time to complete.
   Exploitation Engineers, Inc. has 25 years of experience in the
petroleum consulting industry and has provided planning, evaluation,
and implementation of Enhanced Oil Recovery projects for operators and
investment groups.

   About VNTN

   VentureNet Capital Group, Inc. is a management company that
provides marketing and consulting services to public companies. Our
clients are offered expertise in areas such as promotional, publicity,
sales promotions and management consulting. We specialize in helping
with funding public businesses that represent emerging growth
opportunities as well as established companies that demonstrate
potential for long-term capital growth.

   Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under the
securities Act of 1933, and are subject to Rule 3B-6 under the
Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other than statements of fact,
included in this release, including, without limitation, statements
regarding potential future plans and objectives of the company, are
forward-looking statements that involve risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and
other results and further events could differ materially from those
anticipated in such statements. Technical complications that may arise
could prevent the prompt implementation of any strategically
significant plan(s) outlined above. The company cautions that these
forward-looking statements are further qualified by other factors. The
company undertakes no obligation to publicly update or revise any
statements in this release, whether as a result of new information,
further events or otherwise.