TORONTO, ONTARIO-- Kirk McKinnon, President and CEO of Vencan Gold Corporation (VenCan) (TSX VENTURE:VCG) is pleased to announce that a 2000 meter diamond drilling program has commenced on its Cayenne East Property located 100 kilometers southwest of Timmins. The primary focus of the drilling program will be VMS style mineralization in the area of the Jefferson Zn-Pb deposit and the Burton Shaft Zn-Pb-Au occurrence.

Highlights

- The Jefferson VMS deposit is located on ground optioned from Falconbridge Ltd. This deposit contains an historical (1948) non NI 43-101 compliant resource estimate of 30,100 tons at 7.05% Zn and 4.58% Pb. The historical work defined massive sulphides enriched in zinc and lead over a strike length of 150 meters and to a vertical depth of 30 metres.

- Completion of 1345 line kilometers of a AeroTEM helicopter-borne EM/Magnetometer geophysical survey on 80 metre line spacing by Aeroquest Limited. Interpretation of the data is now underway with initial results indicating new target areas in geologically favorable environments for VMS style mineralization.

- A line cutting crew is currently establishing grids over areas prioritized by the airborne geophysical survey.

- Ground geophysical crews will mobilize to the property later in June to complete IP/resistivity, magnetometer and gravity surveys.

Summer 2006 Drilling Program

The primary focus of the 2000 metre drilling program will be VMS style mineralization in the area of the Jefferson Zn-Pb deposit. Historical work defined a massive sulphide body enriched in zinc and lead over a strike length of 150 meters and to a vertical depth of 30 metres, containing a resource estimate of 30,100 tons at 7.05% Zn and 4.58% Pb. Deeper drilling to a vertical depth of 85 metres in 1950 indicated continuity of the zinc-lead enriched sulphide body. Some of the better drill intersections documented by the historical work on the Jefferson VMS deposit included 4.43% Zn and 1.25% Pb over 22.9 meters and 9.1% Zn and 11.5% Pb over 6.9 meters.

Drilling will also be completed near the Burton Shaft Zn-Pb-Au occurrence. A single drill hole by Hollinger in 1929 intersected 7.5% Zn, 1.5%Pb and 7.5 g/t Au over 4.8 meters.

In addition, a historical drill intersection of 11.98% Zn over 3.2 meters located approximately 2.0 km to the west of the Jefferson Deposit will be drill tested during the current program.

2006 Summer Exploration Program

A total of 1345 line kilometers of AeroTEM helicopter-borne EM/Magnetometer survey on 80 metre line spacing was recently completed by Aeroquest Limited. Interpretation of the data is now underway with initial results indicating new target areas in geologically favorable environments for VMS style mineralization.

Follow-up work has commenced with grids currently being established over areas prioritized by the airborne survey. Ground geophysical crews will mobilize to the property later in June to complete IP/resistivity, magnetometer and gravity surveys. In addition, geological mapping and geochemical surveys will be completed in conjunction with the ground geophysical surveys.

It is expected that these surveys will enhance the known targets and define additional targets that will be tested in subsequent drilling programs. A project management team has moved on to the property to supervise the drilling program as well as the grid based geophysical and geological surveys.

The above values for drill hole intersections and mineral resources were taken from a review of the historical data by GeoVector Management Inc.

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

WARNING: 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.