Rosebank Regulatory News (ROSE)

3 Oct 2007 07:00

Vane Minerals PLC03 October 2007 03 October 2007 VANE Minerals Plc (AIM: VML) VANE Adds to Uranium Portfolio VANE Minerals Plc ("VANE" or "the Company") announces an update on its uraniumactivities conducted by VANE Minerals (US) LLC, its wholly-owned uraniumsubsidiary. • Additional breccia pipe target identified in northern Arizona taking total number of targets to 39 • Additional new claims on prolific La Sal channel, Utah In northern Arizona, an additional pipe target has been identified on theEastern Star-Rattlesnake group which brings the total number of pipe targetsheld by VANE to 39. This group is made up of the Eastern Star property which isprivate land and the surrounding Rattlesnake claims consisting of 10 lode miningclaims, both of which are held 100% by VANE. In Utah, VANE has successfully located four lode mining claims on the La Salchannel where production is underway one mile to the west at the Pandora Minewhich is owned by Denison Mines Ltd. The four Pine claims are adjacent to twoareas of historic significant closely-spaced drilling. VANE's North La Salproperty (announced 24-May-07) is also situated on the La Sal channel sevenmiles to the west. The Company is pleased to demonstrate continued advancement and expansion of itsuranium program and the addition of the Pine claims provides another strategicposition along the prolific La Sal channel. Kristopher K. Hefton, Chief Operating Officer VANE Minerals (US) LLC, BScGeology, who meets the criteria of a qualified person under the AIM Rules -Guidance for Mining, Oil and Gas Companies, has reviewed and approved thetechnical information contained within this announcement. Enquiries: VANE Minerals Plc Westwind Partners Ambrian Partners Parkgreen Limited Communications Matthew Idiens Paul Newman Richard Brown Laura Llewelyn / Beth Harris +44 (0) 20 7667 6322 +44 (0) 20 7290 9713 +44 (0) 20 7776 6417 +44 (0) 20 7851 7480 For further information, please review: www.vaneminerals.com. About VANE Minerals: VANE Minerals was founded by the former international exploration team ofFreeport McMoRan Copper & Gold Inc., one of the world's largest producers ofcopper and gold. The Company has assembled a highly qualified and experiencedmanagement team with a proven track record in exploration and development, whohave spent their entire careers searching for and defining large scale mineraldeposits. The Company is using the silver/gold production at the Diablito mine in Mexicoto help fund exploration work across its attractive portfolio. Since December 2004, VANE has built up a substantial uranium portfolio ofproperties in the Colorado Plateau region, initially targeting the Arizona stripwhich holds the highest grade deposits in the US, contained in breccia pipes. This information is provided by RNS The company news service from the London Stock Exchange