(CNN) -- Paraguay will meet Uruguay in Sunday's Copa America final in Argentina after a dramatic penalty shoot-out win over Venezuela. The 5-3 loss denied Venezuela the chance to reach the final of the Latin American tournament for the first time. The match itself was largely disappointing and finished goal-less, a far cry from the 3-3 thriller played out in the group stages by the same two sides -- Venezuela had come back from 3-1 down. Uruguay books place in final Venezuela increased the tempo in extra time; twice hitting the woodwork through Maldondo's deflected cross-come-shot and a free-kick from Juan Arango.
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Paraguay beat Venezuela 5-3 on penalties to reach Copa America final
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It was Venezuela's first-ever appearance in the last four of the competition
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Venezuela, who twice hit the woodwork in extra time, play Peru for 3rd place
Venezuela will now play Peru, who lost to @placeholder in the other semi-final, for 3rd place.