Diablito Drilling Results

Vane Minerals PLC
04 September 2006

4th September 2006


                          VANE Minerals Plc (AIM: VML)

          Encouraging Results from Drilling Programme at Diablito Mine

VANE Minerals Plc ('VANE' or 'the Company') is pleased to announce that it's
100% owned Mexican subsidiary, Minerales VANE SA de CV, has recently completed
an encouraging drilling programme at its high grade Diablito silver-gold mine,
in Nayarit State, Mexico.

The Diablito mine commenced production from the Main or Lower Vein in November
2005 at a daily rate of 50 tonnes per day and is currently generating US$420,000
of income per month, with a total mining, processing, transportation and
smelting cost of US$ 125/t.

The latest drilling was undertaken to further define and extend the remaining
resource of 93,000 tonnes @ 12.13g/t gold and 1,319g/t silver (undiluted)
calculated over a 130m section of the 300m surface expression of the Lower Vein.
The programme has returned encouraging assay results from this vein as well as
confirming good mineralisation in a new vein, the Upper Vein, which has been
recently identified.  Other areas on the concession have also been newly
identified for further exploration.

The drilling programme consisted of 20 diamond drill holes drilled from the
surface, both inclined and vertical, within the Diablito concession.  Assays
have now been received for all the drill core sampled and a new resource
estimate will be calculated once all assay results and drill hole data has been
collated. The Company expects this work to be completed in September and will
then review the mine plan with the intention of increasing the daily production
rate.

In order to facilitate the additional production and generate cost savings, the
Company is in discussion with financiers to provide a convertible debt facility
for the construction of its own mill and flotation plant near the project site.

Lower and Upper Vein results:

Holes DIA 36, 37, 38, 39, 40, 41 and 47, were drilled to confirm the presence of
the Lower Vein between the mine workings and holes DIA 30 and 31, which were
drilled in a previous programme. In addition, eight drill holes, 42, 43, 44, 45,
46, 48, 50 and 51, were drilled to define the mineralisation down dip from the
previous drilling.

Vein intersections confirm the extension of the mineralisation to the south of
the current resource blocks. The new drill holes showed that the Lower Vein is
flattening and locally thickening with depth and is still open to the southwest
while hole DIA 46 indicates that the mineralisation is probably cut off to the
southeast.

The more significant intersections in the Lower Vein are:

Hole No:             TD:                  Interval:            Intercept:             Weighted Average:
                                                                                      (grams per tonne)
DIA 36                99.5                92.2 to 93.2         1.00            3.9 g/t Au, 621 g/t Ag
DIA 38               100.5                97.2 to 98.2         1.00            6.6 g/t Au, 1118 g/t Ag
DIA 39                95.7                90.4 to 92.7         2.35            3.2 g/t Au, 701 g/t Ag
DIA 41               105.5                91.0 to 91.8          0.8             1.0 g/t Au, 249 g/t Ag
DIA 43               107.0                87.6 to 94.6         7.00            10.6 g/t Au, 1021g/t Ag
DIA 47               135.5                95.5 to 96.5         1.00            3.5 g/t Au, 435 g/t Ag
DIA 48               122.0              109.0 to 112.0         3.00            3.34 g/t Au, 695 g/t Ag
DIA 49                51.0                46.6 to 48.0         1.40            2.71 g/t Au, 636 g/t Ag
DIA 50               107.0                95.0 to 96.5         1.50            2.19 g/t Au, 367 g/t Ag
DIA 53                35.0               29.0 to  29.5         0.50            0.99 g/t Au, 269 g/t Ag
DIA 55                66.3                61.9 to 62.6         0.70            7.71 g/t Au, 1873 g/t Ag

The new drill holes have confirmed the presence of significant mineralisation in
the Upper Vein. This vein is parallel to the northeast-southwest trending Lower
Vein and was originally observed in holes from the previous drill programme and
in the western part of the underground workings. Along strike to the north east
the Lower and Upper Veins appear to merge into one.

The Upper Vein is not included in the current mineral resource. However, it will
be accessible from existing mine workings and will not require extensive new
development.

The more significant intersections in the Upper Vein are:


Hole No:              TD:               Interval:            Intercept:       Weighted Average:
DIA 36                99.5              84.2 to 85.6         1.4              27.2 g/t Au, 1548 g/t Ag
DIA 37                98.0              85.0 to 87.0         2.0              29.8 g/t Au,1507 g/t Ag
DIA 38                100.5             87.5 to 89.2         1.7              3.7 g/t Au, 313 g/t Ag
DIA 39                95.7              85.0 to 86.7         1.7              12.9 g/t Au, 919 g/t Ag
DIA 40                107.0             83.5 to 84.0         0.5              2.8 g/t Au, 155 g/t Ag
DIA 42                127.5             83.0 to 83.7         0.7              6.2 g/t Au, 598 g/t Ag
DIA 43                107.0             80.4 to 83.1         2.7              6.0 g/t Au, 468 g/t Ag
DIA 44                107.7             90.5 to 92.5         2.0              4.0 g/t Au, 233 g/t Ag

New Areas to explore on the concession:

The Diablito Mine is located on a 300m section of a northeast - southwest
trending vein system bounded to the east and west by faults. A number of holes
were drilled to test for the extension of the vein on the 'far side' of these
faults.

East Area:

A faulted, offset, portion of the Lower Vein outcrops to the east of the
Diablito mine workings and was intersected in hole DIA 26 (from an earlier drill
programme). Holes DIA 49, 53 and 55 were designed to determine the Lower Vein's
width, strike, thickness and grades.

All three holes intersected anomalous gold and silver mineralisation and
indicate that this segment of the vein has a strike length of at least 45m and
extends down dip from the vein sub-crop for 75m.  The mineralised intercepts are
between 4.90 metres and 8.00 metres wide and have a typical grade of less than
1g/t gold and 200g/t silver. However, there are two intercepts that are more
encouraging:

DIA 55             0.7 metres @ 7.71g/t gold and 1873g/t silver
DIA 49             1.4 metres @ 2.71g/t gold and 636g/t silver

The Directors believe that further drilling is warranted on this portion of the
vein structure.

West Area:

One hole, DIA 52, was located to the west of the main Diablito workings, across
a fault identified in the earlier drilling and subsequently in the underground
workings, in an attempt to locate the fault offset portion of the vein system.
Siliceous volcanic rocks with trace amounts of visible sulphide mineralisation
were encountered at the lithic tuff - andesite contact. Anomolous gold and
silver mineralisation was identified intermittently over a 2m interval, with a
peak of 0.69 g/t Au and 116.6 g/t Ag. This anomaly will be investigated further.

Cantina Vein:

Drill hole DIA 54 was designed to explore the newly discovered Cantina vein,
with approximately 100m of strike length, located 600 metres northwest of the
Diablito mine and northeast of the village of Las Lumbes. The hole intersected a
5.2m thick composite zone with quartz veins and volcanic rocks.

Visible sulphides included galena and sphalerite. Assay values for gold and
silver are low and zinc and lead assays are pending.

Old Workings:

Sampling and mapping in the old workings indicate possible near-surface open
pittable ore as well as extensions of the underground ore zones.

Comments:

The Directors of VANE believe that the Diablito concession holds promise for
additional resources both in the area of the current mining operations as well
as from more distal parts of the concession. Geologic mapping and sampling will
continue to evaluate these areas as sources of future ore.

Michael Spriggs, Chairman of VANE commented, 'We are very encouraged by the
results of this drill programme and are confident that the additional resources
will more than replenish that which has been mined to date. Diablito has
provided important funds for VANE, allowing us to grow and develop our
portfolio, and we will continue to optimise the returns from this mine going
forward.'

Clark Arnold, Ph.D Geology, who is Director of Geology for VANE Minerals and who
meets the criteria of a qualified person under the AIM rule guidance for mining,
oil and gas companies, has reviewed and approved the technical information
contained within this announcement.

About VANE Minerals:

VANE Minerals was founded by the former international exploration team of
Freeport McMoRan Copper & Gold Inc., one of the world's largest producers of
copper and gold.  The team negotiated exclusive access to Freeport-McMoRan's
global exploration database, made up of 7,000 plus files generated over nearly
100 years of exploration and, following the review of these files, VANE is
ideally placed to capitalise on project acquisition opportunities.  The Company
has assembled a highly qualified and experienced management team with a proven
track record in exploration and development, who have spent their entire careers
searching for and defining large scale mineral deposits.

The Company's principal objective, as set out at the time of its listing in June
2004, is to be a self-funding exploration company.  As such, the initial focus
has been to identify high grade gold-silver projects which can be brought into
production as quickly as possible in order to provide revenue towards funding
the discovery of potentially much larger projects.  VANE is well on its way to
achieving this objective as production began at the Diablito silver-gold mine in
Mexico in November 2005.  The Company is using the revenue generated by this
producing mine to help fund exploration work across its attractive portfolio of
gold, silver, copper and uranium assets in Mexico, Paraguay and the US.

For further information, please review: www.vaneminerals.com.

Enquiries:



VANE Minerals Plc                             Ambrian Partners Limited
Matthew Idiens                                Richard Brown
[phone]                          [phone]

Parkgreen Communications                      Daniel Stewart & Co
Cathy Malins / Annabel Leather                Dan Willmott
[phone]                          [phone]


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