Vena Resources Signs Letter of Intent to Amalgamate With Forrester Resources - Seite 2

Pursuant to the LOI, Forrester has agreed to negotiate and deal exclusively with Vena until July 7, 2014. The parties intend to commence negotiating definitive terms and documents for the Acquisition, which documents will contain customary representations, warranties, covenants, indemnities and other ancillary agreements to the extent appropriate for transactions of the type of the Acquisition.

As at the date hereof, there is no assurance that Vena will consummate the Acquisition and if not completed by Vena, the transaction is subject to a break fee. Completion of the Acquisition is contemplated to occur on July 26, 2014 and is subject to a number of conditions, including the negotiation and settlement of definitive terms for the Acquisition and the entering into of a definitive agreement among the parties, completion of due diligence, receipt of all necessary board and shareholder approvals, receipt of approval of the Toronto Stock Exchange, and the receipt of certain other customary consents.

Juan Vegarra, Chairman and CEO of Vena stated: "This is a logical and exciting combination for us. It brings the complementary talents of the Forrester team. Las Princesas already contains significant drill targets in an area of northern Peru known for large exploration and mining operations. Las Princesas together with Esquilache and Azulcocha West makes Vena once again an exciting company to add value in Peru for the long term."

Martin Walter, Chief Executive Officer of Forrester stated: "The combination of Vena and Forrester brings additional expertise in Peru and the capital markets, focusing on the development of Vena's high quality portfolio of projects including the Azulcocha West Zinc asset. The combination also brings synergies, cost savings and is an attractive transaction for both groups of shareholders."

About Forrester Resources Corp.

Forrester is a private exploration and development company based in Toronto. It is currently active in the country of Peru and continually looking for near-term production opportunities within the Americas primarily focused on base metals and precious metals projects. Forrester's key asset is Las Princesas located in the department of La Libertad, province of Santiago de Chuco, in northern Peru. Forrester's management team has extensive experience in Peru and in the capital markets.