Venus Metals Corporation Limited announced changes to the management of three joint ventures at the Youanmi Gold Project . Importantly, these changes will not affect the ownership structure of the JVs and in the case of the regional exploration JVs ­ YOUANMI JV and VMC JV, will only relate to gold exploration; all other commodities remain with Venus. In accordance with the settlement of the JV formations and following fulfillment of its expenditure commitments, Rox Resources Limited has earned 45 to 50% interest in the regional JVs and will assume management of the regional JVs. The JVs affected by the change in management are: YOUANMI JV Venus 45% and Rox 45% gold rights only VMC JV Venus 50% and Rox 50% gold rights only CURRANS JV Venus 45% and Rox 45% all rights. The OYG JV will continue to be managed by Rox. The funding of Venus' exploration contribution in the OYG Joint Venture up until a decision mine is by way of a limitedrecourse interest free loan provided by Rox for Venus's share of the ongoing costs. The loan is secured against Oz Youanmi Gold Pty Ltd.'s interest in the OYG JV and is only repayable from the proceeds of sale of any property of the OYG JV including gold produced and the sale of all or part of VMC' interest in the OYG JV or the tenements of the OYG JV. In addition, Venus also remains entitled to a 0.7% Net Smelter Royalty on all gold and other minerals produced from tenements of the OYG Joint Venture. All regional exploration activities and budgets for the above JVs will be assessed and potentially approved by the VenusRox Joint Venture Committee. Venus' exploration team will be focussing on its PGE and Base Metals Projects and other Gold Projects at Youanmi and the Company remains well funded to complete the following exploration programs: Gold Exploration on Venus' 100% owned tenements - Geochemical surveys and geophysical modelling ongoing PGEBase Metals Project . - Review of recent ground geophysical survey results; Reverse Circulation and Diamond Drilling planned Inky CopperNickel Prospect and Manindi North Prospect - RC precollars completed and DD drilling planned. Pincher Well Zinc Prospect - Geological assessment and further infill drilling planned Stone Tank & Estonia NickelCobalt Prospects - Followup RC drilling planned for Inferred Resource Estimation Vanadium Oxide Resource - Hydrometallurgical studies ongoing at Murdoch University - Mining Lease application for Vanadium Resource in progress.