VAV.H Venga Aerospace Systems

Venga Aerospace Systems Inc. (TSX VENTURE:VAV.H)(PINKSHEETS:VNGAF); (the
"Company" or "Venga") announces that it has received confirmation that the
Liberian Ministry of Lands, Mines and Energy has now re-instated Global Mineral
Investments, LLC's ("GMI") mineral exploration licence for GMI's gold mining
concessions located in Sinoe County, Liberia. GMI's exploration licence covers
an area of 40,000 hectares along arguably the most prospective gold mineralized
structure being explored in Liberia today, the Dugbe Shear. GMI has also
released a NI 43-101 compliant report confirming that GMI's concession is a
project of merit.


On October 15, 2012, the Company announced that GMI and Tawana Resources NL
(ASX:TAW); ("Tawana") had agreed to extend the option period within which Tawana
has to finalize its planned purchase of GMI's Liberian mining concessions from
the originally extended date of September 28, 2012 to December 31, 2012. 


To date, Tawana has collected 5,420 soil samples from various prospective areas
within GMI's Sinoe County concessions. On October 30, 2012, Tawana announced the
results of the latest, approximately 2,700 infill soil samples from Tawana's
sampling and testing program and stated that it has now defined and refined
high-tenor +50ppb up to 1g/t Au soil anomalies within GMI's concession area in
addition to trench intersections of 12m at 2.3g/t including 4m at 6.25g/t Au
over now apparent lower priority soil anomalies. 


"These 200x50m infill results have much better defined the stronger anomalous
zones within the previously reported +30ppb gold anomalous trends," stated Len
Kolff, Tawana's Managing Director. "Five high-priority +50ppb soil anomalies
with consecutive results in some instances over 100ppb and up to 1g/t Au have
been defined; each over 1 to 2km strike length and up to 500m wide," continued
Kolff.


"The geological interpretation supports the soil anomalies and gold trends
providing further confidence in the results. Initial trenching results of 12m at
2.3g/t including 4m at 6.25g/t over the southern anomaly although narrow are
encouraging and in light of the recent infill soils were sighted over lower
priority anomalies," explained Kolff. 


"The Dugbe Shear continues to shape up into a major new gold province in the
West African gold story; it is exciting to be part of this emerging province,"
concluded Kolff.


"We are obviously very pleased to finally have our mining licence re-instated,"
stated GMI President, Jon O'Regan. "With these administrative problems now
behind us we are in a position to proceed with our agreement with Tawana
Resources to commercially exploit what all parties believe is a gold mining
project with significant potential," continued O'Regan. "We are also planning to
re-commence our dredge mining operations in the near future," stated O'Regan.


About GMI - Global Mineral Investments LLC is a U.S. based private corporation
that has acquired and is developing gold concessions in Sinoe County, Liberia.


About Tawana - Tawana Resources NL (www.tawana.com.au) is a public company
listed on the Australian Exchange with its registered office located in Perth,
Australia. Tawana is actively exploring for gold and base metals in Liberia and
continues to review additional opportunities in Liberia and West Africa as part
of its ongoing growth strategy.


About Venga - Venga Aerospace System Inc. is a Canadian public company that is
currently listed on the NEX Board. Venga operates or has an investment in three
business units: aerospace; 3D graphics and gold mining in West Africa. Venga has
a 20% equity interest in GMI. 


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. 


SHARES ISSUED: 239,171,893

FOR FURTHER INFORMATION PLEASE CONTACT: 
Venga Aerospace Systems Inc.
Hirsh Kwinter
President
(514) 489-7175
venga@rogers.com
www.vengasystems.webs.com

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