8th Ed. Venom of the firefly frog

I am building a Sarus Oldblood lord
Here is what hes got
Light armour, Sheild, Dawnstone, Venom of the firefly frog

I am using his base handwepon which comes free with him, will my venom remove my + 1 hand wepon + sheild save and my parry wardsave from him?

 

No, it just makes your attacks magical, not the weapon a magic weapon.

 

yea it does what you think it does.
[you keep your hw/shield bonus and +1 armor]

 

For the record the +1 armour save from shield would have worked just as well with any magic weapon.
It is only the 6+ ward that is lost when switching from a hand weapon.