Venga Increases Its Stake in GMI

Venga Aerospace Systems Inc. (TSX VENTURE:VAV)(PINK SHEETS:VNGAF) announced that
it has now increased its ownership interest in Global Mineral Investments, LLC
("GMI") from 3% to 4%. In addition to Venga's current 4% ownership interest in
GMI, the Company has the option of acquiring up to a further 15% equity interest
in GMI. GMI is a private, U.S. based company, that has been awarded four Class B
Gold Mining Licenses by the Ministry of Lands, Mines and Energy of the Republic
of Liberia for four separate areas, located in the Sanquin Mining Zone, Sinoe
County in the Republic of Liberia. This acquisition of a larger equity position
in GMI was part of the consideration that GMI paid Venga for arranging financing
for GMI's planned mining operations.


This press release contains forward-looking statements within the meaning of the
"safe harbor" provisions of the Private Securities Litigation Reform Act of
1995. These forward-looking statements are subject to certain risks and
uncertainties that may cause the Company's results to differ materially from
expectations and speak only as of the date hereof.


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