VenCan Gold ("Vencan" or the "Company") (TSX VENTURE:VCG) is pleased to announce it will immediately commence drilling on its Timmins area Mt. Logano gold property in order to test newly defined geophysical targets. The planned program consists of 6-8 diamond drill holes totaling about 1,000 meters.

Recently completed IP/resistivity and magnetometer surveys have defined a minimum of five anomalous zones several of which have geological characteristics similar to those of major gold deposits in the Timmins area.

All five IP anomalies will be drill tested with a minimum of one hole on each target. Target L-5 that is located at a felsic porphyry/ultramafic volcanic rock contact displays an IP anomaly along at least 800 meters of this important contact. A distinct magnetic low is coincident with this IP response which may be indicative of the destruction of magnetite in an area of intense alteration.

Bill Nielsen, P.Geo. a Director of the Company commented, " We are very pleased to have identified five highly prospective targets within such close proximity to large producing and former producing gold mines. One target area in particular is quite intriguing in that it displays a strong IP anomaly at the contact between volcanic and intrusive rocks which also displays a signature of magnetic destruction."