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Venga Receives Conditional Approval For Listing

04 January 2001

Venga Aerospace Systems Inc. ('Venga') announces that the Canadian Venture Exchange has conditionally approved the listing of Venga's common shares. This approval is subject to Venga fulfilling certain conditions by January 15, 2001. "We are obviously very pleased that if all conditions are met, our company will be listed for trading on the CDNX" stated Hirsh Kwinter, Venga's acting President. "This listing will provide our shareholders and the market place with accurate and immediate information about our shares' trading activities," said Kwinter. "We are currently working towards fulfilling the CDNX's conditions and are confident they will be met within the exchange's stated time frame," added Kwinter. The aeronautics division of the company is currently in development of a full-scale composite drone aircraft.