TORONTO, ONTARIO-- Kirk McKinnon, President and CEO of Vencan Gold Corporation is pleased to announce that the final report from the airborne geophysical survey has been received from AeroQuest Limited.

CAYENNE-CHILI, CAYENNE EAST AIRBORNE SURVEY COMPLETED

The 1,345 line kilometer helicopter-borne AeroTEM geophysical survey over the Cayenne-Chili and adjacent Cayenne East Properties, located 100 km south-west of Timmins was completed in May 2006. The Corporation is encouraged with the number of new targets both for gold and volcanogenic massive sulphides (VMS); particularly those identified on previously unexplored areas of the property.

AeroQuest's AeroTEM system is a helicopter-borne magnetic and time-domain electromagnetic system with a narrowly focused footprint. Along with high resolution, the system provides highly diagnostic information for detected anomalies.

The survey, flown at 80m line intervals, was successful in highlighting shear hosted lode- gold exploration targets and VMS exploration targets on the Properties, including previously undefined east-west structures through the Gagne Target (see press release dated March 6, 2006), and conductors spatially associated with the Jefferson Zn-Pb deposit and Burton Shaft Zn-Pb-Au occurrences. Significant conductors detected along and across strike of the Jefferson and Burton mineralization, together with several others along strike throughout the Properties have been prioritized for ground follow-up during this field season. Early field follow-up of an AeroTEM anomaly trend located approximately 2,200m west of the Jefferson deposit has been found in outcrop to be a sulphide zone associated with visible zinc mineralization.

Roman Tykajlo, GeoVector Management's geophysicist stated that the geophysical coverage has greatly enhanced the targeting for VMS and gold deposits at Cayenne-Chili and Cayenne East and will help guide ongoing diamond drilling, geological mapping, ground geophysics, prospecting and soil sampling.

MASSIVE SULPHIDES INTERSECTED IN A NUMBER OF HOLES

Vencan's drill program on the Cayenne East property is progressing well with 10 of the 12 planned holes in the vicinity of the Jefferson Showing now completed. Masssive sulphides have been noted in a number of the holes. A large area along strike of the Jefferson Showing has been subjected to ground geophysical surveys, geological mapping and soil sampling. A number of the higher priority airborne geophysical targets have been ground checked and mineralized samples are being sent for assay.

The program is under the direct supervision of Taiga Consultants. All sampled drill core is shipped to Swastika Labs for assaying.

Roman Tykajlo (P.Geo) is the qualified person for all the technical information contained in this press release.

The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.