Result of EGM

Vane Minerals PLC
30 November 2007

30th November 2007
                                                                    AIM: VML


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


                                 Result of EGM


VANE announces that following its Extraordinary General Meeting ('EGM'), held at
11am today, all proposed resolutions were duly passed by shareholders.

The EGM was convened primarily to seek the necessary authorities to approve a
placing of Ordinary shares of 10p each ('Shares') to raise approximately £6.25
million at a placing price of 17.5p per Share.

Application has been made for the 35,714,285 new Shares issued today to be
admitted to trading on AIM. It is expected that trading in the Shares will
commence on Monday 3rd December.

The net proceeds of the Placing will be primarily used to accelerate VANE's
breccia pipe drilling campaign in Northern Arizona, where the Company has 39
drill targets, and to proceed with further rounds of drilling on the Company's
six properties in Utah. It is envisaged that further drilling at the North Alice
Extension and North Wash in Utah should enable the Company to produce a National
Instrument 43-101 complaint resource statement in the early part of 2008.



Enquiries:

VANE Minerals Plc        Westwind Partners        Ambrian Partners Limited    Parkgreen Communications

Matthew Idiens           Paul Newman              Richard Brown               Beth Harris/Laura Llewelyn

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



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






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