VenPath Investments Inc. Announces Failure of OPE Transaction to Close



    --Working on Alternative Strategies to Close Transaction--

    HOUSTON, Sept. 11 /CNW/ - VenPath Investments Inc. (the "Corporation")
announces that the closing of the OPE Transaction and private placement
previously announced by the Corporation and scheduled for closing on September
5, 2007 has failed to close. All components of the transaction were in place
for closing and all documents were placed into escrow on September 5, 2007,
but funding from a significant subscriber on the transaction was not received
by wire transfer at closing. The Corporation was subsequently advised on
September 10, 2007 that Blackwater Capital Group, Inc. ("Blackwater") would be
unable to complete its funding obligation due to a loss in investment
authorization over new transactions as a result of the U.S. sub-prime mortgage
crisis. As a result, the minimum subscription amount of the private placement
was not met and the closing was terminated, with all proceeds tendered into
closing on the private placement returned to the investors.
    The Corporation has been working diligently over the past day to identity
other avenues of closing and is optimistic that it will be able to replace the
Blackwater funding through an alternative source. The Corporation expects that
it will take approximately two weeks to finalize the commitment from the
alternative source and additional time to close the private placement and the
OPE Transaction.
    The common shares of the Corporation will remain halted until definitive
results are known. Additional updates will be provided as information becomes
available.

    Trading of the securities of the Corporation should be considered highly
    speculative. The TSXV has in no way passed upon the merits of the
    OPE Transaction and has neither approved nor disapproved of this press
    release.





For further information:

For further information: L. Daniel Wilson, President of the Corporation
at (403) 358-1110 (phone), (403) 887-7666 (fax), or dan@groupwilson.com

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VENPATH INVESTMENTS INC.

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