Verona Development Corp. - News Releases - Private Placement Completion

	October 14, 2005 Private Placement Completion
	VERONA DEVELOPMENT CORP. announces the completion and acceptance by the TSX Venture Exchange of the Company's private placement announced September 7, 2005. 10,000,000 units at $0.09 per unit with each unit consisting of one common share and one whole share purchase warrant exercisable for a period of two (2) years from closing at $0.115. The shares and any shares issued upon exercise of the warrants shall not trade on or before February 15, 2006 under the BC Securities Act and the TSX Venture Exchange Policies. The proceeds from this financing for Verona will be utilized for property expenditures, property investigation and acquisition, and for the Company's general working capital. On Behalf of the Board of Directors of Verona Development Corp. Signed "Juraj Adamec" Juraj Adamec, President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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