TORONTO, ONTARIO--(CCNMatthews - Sept. 11, 2006) - Kirk McKinnon, President and CEO of Vencan Gold Corporation (TSX VENTURE:VCG) (Vencan) is pleased to announce results for the recently completed exploration program carried out on Vencan's Cayenne East Property located 100 kilometers southwest of Timmins.

Vencan has been exploring for base metals and gold on the Company's Cayenne Property in the Archean aged Woman River Greenstone Belt. The property scale focus of Vencan's efforts is a prospective iron formation horizon, which has recently been interpreted by the Company to be folded into a plunging isoclinal antiform with associated synforms. A number of base metal occurrences occupy the limbs of at least two of these folds. It is Vencan's goal to direct exploration efforts to explore for volcanic massive sulphide (VMS) deposits within this favourable environment. The initial focus of the exploration program has been the drilling of known VMS style mineralization in the area of the Jefferson Zn-Pb deposit and the Burton Shaft Zn-Pb-Au occurrence, which are now known to lie on separate fold structures.

HIGHLIGHTS OF RESULTS - INTERSECTION OF 4.22% ZN OVER 16.85 METERS

- Discovery in outcrop and relocation of a historical massive sulphide occurrence now named the 'Vencan Zinc Showing' 2.0 kilometers to the west of the Jefferson Zn-Pb deposit with grab samples assaying up to 17.96% Zn. Vencan drilled beneath the showing and intercepted 4.22% over 16.85 meters including 7.27% Zn over 8.50 meters on a IP, magnetometer and gravity anomaly that extends 500 meters to the west.

- Channel sample 100 meters west along strike of the Vencan Zinc Showing assayed 1250 ppm Zn, 538 ppm Pb, and 155 ppm Cu over 1.1 meters. A regional grab sample taken 1.25 kilometers to the west on strike with the Vencan Zinc showing returned 8500 ppm Zn and 985 ppm Cu.

- Identification of a prospective VMS target with a gold-, silver-, copper-, lead-, and zinc-in-soils anomaly that is coincident with an 800 meter long gravity anomaly.

- Identification of an anticline fold-nose adjacent to the Jefferson deposit within the favourable iron formation, which will become the new focus of the fall exploration program, as well as the delineation of an additional, previously unknown fold limb.

SUMMARY OF RESULTS

JEFFERSON DEPOSIT AND BURTON SHAFT AREA

The primary focus of the summer 2006 exploration program was VMS style mineralization in the area of the Jefferson Zn-Pb deposit (Jefferson) which 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". 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 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.

Work by Falconbridge Limited in the 1980's reinterpreted the mineralization at the Jefferson deposit as associated with cross-cutting fractures and so not strictly of the VMS type. The results of the 2006 exploration program conducted by Vencan supports this interpretation, however, the Company's consultants believe that the known mineralization may be stringer type mineralization that indicates that potential exists to discover a proximal VMS source on Vencan's property. A total of 12 diamond drill holes were completed by Vencan during the 2006 exploration program in the area of the Jefferson (holes VG-06-02 through VG-06-13) in an attempt to replicate historical results. The best drill intersections encountered in the 2006 program include 7.24% Zn over 1.85 meters (VG-06-02), 2.34% Zn and 2.10% Pb over 8.70 meters (VG-06-04), 1.83% Zn and 1.29% Pb over 10.20 meters (VG-06-05), and 1.48% Zn over 13.60 meters (VG-06-12). Two holes were drilled to the west of the Jefferson to test for strike extension of known mineralization. HoleVG-06-14 was drilled 300 meters to the west and encountered 8.93% Pb over 3.10 meters. Drill-Hole VG-06-15 was drilled 600 meters to the west and encountered no significant mineralization. Vencan was not able to confirm the thickness or tenor of mineralization at the Jefferson as was historically reported.

Drilling was also completed near the Burton Shaft Zn-Pb-Au occurrence located north-east of the Jefferson deposit which is interpreted to lie within a limb of a complementary syncline to the Jefferson "anticline". 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. A hole drilled immediately adjacent to the Burton Shaft during the 2006 exploration program (VG-06-01) encountered 1.55% Zn and 0.35% Pb over 6.05 meters with no significant gold mineralization.

The gravity survey outlined a pronounced positive anomaly approximately 550 metres in length coincident with the Jefferson deposit.

BASE METAL-GOLD TARGETS IDENTIFIED

Geologic mapping in conjunction with the ground magnetometer survey identified a previously unknown anticline fold nose of the Woman River Iron Formation 500 meters to the east of the Jefferson deposit which the Company's consultants' believe is a highly prospective base metal-gold target. The anticline appears to plunge shallowly to the east and the gravity survey revealed a weak but continuous positive anomaly that is coincident with the projected plunge and which extends for 800 meters in this direction. Considering that the amplitude of the gravity effect is attenuated by even modest depths of burial the "anticline" target merits thorough exploration follow up.

SOIL SAMPLING HIGHLY SUCCESSFUL

The orientation soil sampling survey was highly successful in identifying the known mineralized zones, as well as highlighting a previously unknown area east of the Jefferson deposit which is anomalous in gold, silver, copper, lead, and zinc. This multi-element anomaly is also coincident with the western edge of the "anticline" gravity anomaly at the eastern limit of the present soil survey coverage.

WORK COMPLETED - SUMMER 2006

- Completion of a 2,425 meter diamond drill program in 17 holes testing two target areas.

- Completion of 54 kilometers of newly established line over the 'Genoa Grid'. The grid was geologically mapped, ground magnetometer and gravity surveys were completed, and IP/resistivity surveys were completed over selected lines (21 line kilometers). The surveys were optimized to allow the delineation of the known iron formation horizon and to identify additional extensions of this favourable unit.

- Rock-grab sampling (101 samples) and channel sampling (49 samples) over prospective areas of the Genoa Grid.

- Completion of 12.6 line kilometers of soil sampling (427 samples) over prospective areas on the newly established 'Genoa Grid' to test the efficacy of multi-element soil sampling on the property.

- Completion of preliminary helicopter supported prospecting over 14 anomalous areas identified by the AeroTEM helicopter-borne EM/Magnetometer survey completed over Vencan's Cayenne Property earlier in the year. A total of 31 grab samples were collected over prospective mineralized zones.

'VENCAN ZINC SHOWING' AREA

The area around the historical drill intersection of 11.98% Zn over 3.2 meters located approximately 2.0 km to the west of the Jefferson Deposit was investigated during the 2006 exploration program, and an outcrop of sphalerite-rich mineralization corresponding to an AeroTEM helicopter-borne EM/Magnetometer anomaly was discovered. Grab samples from this outcrop yielded assay values ranging from 11.2% Zn to 17.96% Zn. Vencan drill hole VG-06-16 later completed beneath the outcrop intersected 4.22% over 16.85 meters including 7.27% Zn over 8.50 meters on a IP, magnetometer and gravity anomaly that extends 500 meters to the west. Subsequent to the field exploration program, inversion modeling of the 2006 IP data has identified a pronounced anomaly 100 meters to the north-west of the VG-06-16 collar that is open to the west. A channel sample of massive sulphide 100 meters west of hole VG-06-16 assayed 1250 ppm Zn, 538 ppm Pb, and 155 ppm Cu over 1.1 meter, and a regional highly anomalous grab sample taken 1.25 kilometers to the west assayed 8500 ppm Zn and 985 ppm Cu.

FALL PROGRAM

During the planned fall exploration program, the Genoa Grid will be expanded west for 3 kilometers to encompass what appears to be the strike extension of the Vencan Zinc Showing based upon the AeroTEM helicopter-borne EM/Magnetometer survey data. Additional geophysical surveys will be conducted over the grid extension in conjunction with soil geochemical sampling. Highly skilled prospectors will be deployed to investigate defined targets and to explore for new targets along the favourable horizon. Drilling during the fall program will test targets identified as a result of the exploration programs.

The above information describing historical drill-hole intersections and mineral resources were taken from a review for Vencan of the historical data completed by GeoVector Management Inc of Ottawa.

Craig Scherba (P.Geol.) of Taiga Consultants Ltd. is the qualified person for all the recent 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.