North Alice Extension update

Vane Minerals PLC
16 November 2007



16 November 2007


                          VANE Minerals Plc (AIM:VML)

                     North Alice Extension drilling update


VANE Minerals (US) LLC, the wholly-owned uranium subsidiary of VANE Minerals Plc
('VANE' or 'the Company'), is pleased to announce an update on its North Alice
Extension drilling campaign in Lisbon Valley, Utah.


The North Alice Extension is located on and adjacent to the North Alice Mine,
formerly held and operated by Homestake Mining Company ('Homestake'), which
produced about 2.5 million pounds of uranium oxide ('U3O8') before closing in
the early 1980s due to the falling price of uranium. Homestake carried out
extensive drilling in the area, a large number of these holes have been
identified by VANE on its property, and the drilling program is designed to test
the extent of mineralization identified by Homestake during its drilling.


Significant mineralization was encountered by VANE in 8 of the 17 holes drilled
in three separate areas. Of the remaining 9 holes, 8 were mineralized and only
one hole was barren.


Two of the three areas tested so far showed significant mineralization. The
mineralization encountered in the current round of drilling shows continuity on
100-foot drill hole spacing and further drilling on these areas is planned for
the next round along with drilling in at least 2 other areas. The following
table lists the results of the holes drilled to date:


                                                                Probe Results
        Hole               Depth               Depth to          Thickness       Grade
       Number          Drilled (ft)          Bottom (ft)           (ft)         % eU3O8
NAE07-81-114                720                 651.5               6.5          0.22
NAE07-81-116                780                 680.5              16.5          0.14
NAE07-1                     800                 682.5              13.5          0.16
NAE07-2                     720                 649.0               1.5          0.13
NAE07-3                     700                 652.5               5.0          0.13
NAE07-4                     760                 705.5               5.0          0.04
NAE07-5                     700                                               Mineralized
NAE07-6                     700                 642.0               5.0          0.02
NAE07-7                     760                 661.3               2.8          0.27
NAE07-8                     900                 662.8               2.0          0.09
NAE07-9                     760                 654.8               1.5          0.27
NAE07-10                    740                                                 Barren
NAE07-11                    740                 657.8               0.5          0.05
NAE07-12                    780                                               Mineralized
NAE07-13                   1100                 594.8               0.3          0.08
NAE07-14                    702                                               Mineralized
NAE07-15                    760                 720.0               9.8          0.09



In light of the results, the original exploration Notice of Intent to drill, on
file with the State of Utah and Bureau of Land Management (BLM), is being
modified to add additional holes and to expand the drilling into new areas.
Drilling is temporarily suspended while awaiting final approval of the
modifications.  The Company has already received approval from the State
authorities and is awaiting approval from the BLM.


Matthew Idiens, Commercial Director, commented 'This is a very positive set of
results which is an encouraging step towards the Company's aim of producing a
resource estimate in the first half of 2008. Drilling will recommence as soon as
we have approval from the BLM.'


Kristopher K. Hefton, Chief Operating Officer VANE Minerals (US) LLC, BSc
Geology, who meets the criteria of a qualified person under the AIM Rules -
Guidance for Mining, Oil and Gas Companies, has reviewed and approved the
technical information contained within this announcement.



Enquiries:
VANE Minerals Plc        Westwind Partners        Ambrian Partners Limited    Parkgreen Communications

Matthew Idiens           Paul Newman              Richard Brown               Laura Llewelyn / Beth Harris

[phone]     [phone]     [phone]        [phone]




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


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 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 is using the silver/gold production at its Diablito Mine in Mexico
to help fund exploration work across its attractive portfolio.


Since December 2004, VANE has built up a substantial uranium portfolio of
properties in the Colorado Plateau region, initially targeting the Arizona strip
which 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