Issue of Shares

Vane Minerals PLC
31 May 2007

                               VANE Minerals Plc
                           ('VANE' or 'the Company')

                                Issue of Shares


The Directors are pleased to announce the issuance of 6,250,000 ordinary shares
of 10p each in the Company ('Shares') to Geiger Counter Limited and City Natural
Resources High Yield Trust Plc, pursuant to the conversion of loan notes held by
these parties as announced following the Company's extraordinary general meeting
on 8 May 2007.


Application has been made to the AIM Market of the London Stock Exchange ('AIM')
for the Shares to be admitted to trading on AIM ('Admission') and Admission is
expected to occur at 8.00 a.m. on 5 June 2007.


Vane now has 153,393,823 Shares in issue with 153,393,823 voting rights.


Enquiries:


VANE Minerals Plc                             Ambrian Partners Limited

Matthew Idiens                                Richard Brown

[phone]                          [phone]



Parkgreen Communications                      Daniel Stewart & Co

Cathy Malins/Annabel Leather                  Katie Shelton

[phone]                          [phone]


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