Ventura Reports Third Quarter Financial Results

Ventura Gold Corp. (TSX-V: VGO) (the "Company") ended the third quarter at December 31, 2007 with approximately $6.4 million in cash, including $5.0 million in restricted cash representing share subscriptions received for a non-brokered private placement in progress. The Company also had approximately $1.5 million in long-term investments and $0.5 million in market value of securities held for trading for a total of $2 million in such strategic investments, compared with a total of approximately $1.5 million for long-term investments at the end of the second quarter at September 30, 2007.

For the third quarter, the Company reported a net loss of $482,695 ($0.01 per share) for the three months ended December 31, 2007. The Company has filed its interim unaudited financial statements and management discussion and analysis (MD&A) for the three and nine month period ended December 31, 2007 on SEDAR. (All amounts are reported in US dollars except as otherwise indicated).

Highlights during the third quarter ended December 31, 2007 and subsequent to the end of the quarter included:

--  The Company completed strategic investments totaling $816,133 in
    Colombian Mines Corporation, a private unlisted company with early stage
    gold properties in Colombia; Sumatra Copper and Gold Limited, a private
    unlisted company with a portfolio of early to mid-stage precious and base
    metal exploration projects on the island of Sumatra in Indonesia; and
    Continental Gold Limited, a private unlisted company with a portfolio of
    early to mid-stage precious metal exploration projects in Colombia.

--  On November 20, 2007, the Company announced that it had arranged a non-
    brokered private placement and, subsequent to the end of the quarter on
    February 15, 2008, the Company closed the financing and issued 17.26
    million shares and 8.63 million warrants, raising Cdn$ 7.25 million in
    gross proceeds (Cdn$6.9 million net of finders' fees).

--  Subsequent to the end of the quarter, the Company announced drill
    results from an initial 15 hole-program totalling 2,900 meters ("m") at the
    Quellopata target area of the Inmaculada gold-silver project in Southern
    Peru, which included a drill hole with an estimated true width intercept of
    3.7 meters at average uncut grades of 9.3 gpt gold and 476 gpt silver. The
    Inmaculada Project is a joint venture with a wholly-owned subsidiary of
    Hochschild Mining PLC, whereby the Company can acquire up to a 70% interest
    and is the exploration operator on the project.
    

Financial and Exploration Activities Overview

During the nine month period ended December 31, 2007, the Company incurred a net loss of $0.5 million primarily due to administrative expenses incurred from on-going exploration activities and an unrealized, non-cash loss of $43,464 on securities held for trading primarily from one publicly traded strategic investment. Capitalized expenditures totaled $2.1 million during the nine month period ended December 31, 2007 for capitalized mineral property expenditures at its properties: Cottonwood Peak and Del Oro in Nevada, Gold Gulch in Arizona and Inmaculada in Peru.

Net cash used in investing activities during the nine months was $3.5 million (2006 -- $1.3 million). This was mainly due to the following transactions: a) the Company incurred $2.0 million in mineral property and deferred exploration costs on the Cottonwood Peak, Gold Gulch, Inmaculada and Del Oro mineral properties; and b) the Company acquired $0.2 million in securities held for trading and $1.3 million in long-term investments through strategic investment transactions. During the previous year's comparative period, the Company incurred lower exploration expenditures totaling $1.1 million and received a $0.1 million repayment of the remaining balance of the exploration advance previously made for the Navelgas project in Spain from the Company's optionor and joint venture partner. The Company also acquired $0.4 million in marketable securities through strategic investment transactions in the prior year period.

Summary of Quarterly Results (unaudited except for periods ending March 31)
                                       Three Months Ended
                    =======================================================
                    December 31,  September 30,    June 30,     March 31,
                        2007          2007           2007          2007
                    ------------  ------------  ------------- -------------

Total assets        $ 12,327,657  $  7,780,828  $   7,920,382 $   7,595,403
Working capital        6,587,528     3,895,982      4,185,965     4,773,175
Shareholders'
 equity               12,010,409     7,313,707      7,567,855     7,213,269
Revenues, interest
 income                   27,531        61,717         24,954        54,995
Net income (loss)       (482,695)     (314,641)       273,626         1,035
Earnings (loss) per
 share                     (0.01)        (0.01)          0.03          0.01
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