Uranium Update

Vane Minerals PLC
02 April 2007



2nd April 2007



                          VANE Minerals Plc (AIM: VML)

                  Utah Stratabound Uranium Exploration Update


VANE Minerals Plc ('VANE' or 'the Company') is pleased to provide an update on
the exploration programme for stratabound uranium deposits in south-eastern Utah
being carried out by its wholly-owned uranium subsidiary VANE Minerals (US) LLC.





Highlights:



North Wash



  • Drilling results have validated historic data reported by Cotter
    Corporation ('Cotter') in the 1970's - historic drilling had returned
    uranium grades with an average of 0.17% uranium oxide radiometric equivalent
    ('eU3O8') diluted
  • Vanadium grades are variable
  • Additional drilling is planned to expand current resource and to gather
    additional vanadium assays



North Alice Extension



  • A Notice of Intention to Conduct Exploration has been submitted to the
    Bureau of Land Management and the State of Utah for 25 drill holes



Happy Jack Mine



  • A 25 hole drilling programme expected to commence in April 2007





North Wash Drilling Project



VANE is pleased to report that five drill holes have now been successfully
completed at the North Wash project, and results validate the historic uranium
and vanadium mineralisation identified by Cotter's drilling programme carried
out between 1977 and 1979.   The VANE holes were logged (probed) by Geophysical
Logging Services and by Century Geophysical Corporation; the results of both
contractors were essentially the same.



The drilling programme consisted of twinning five existing holes by rotary
drilling to the top of the mineralised zone and then coring through the zone.
The uranium values from two of the new holes were higher than those on previous
holes. On three of the new holes, although they intersected the mineralised
zone, the results were lower than in the previous holes.  The vanadium results
indicated zones of high vanadium, as well as zones of negligible vanadium.  The
overall results are consistent with the nature of these types of stratabound
deposits in that 'pinching and swelling' of the mineralisation occurs over short
distances.



The distance between the intersections of the mineralised horizon in the VANE
and Cotter holes varied by as much as 30 feet, even though on surface the holes
were located within 5 feet of each other. This accounts for the variability
between VANE and Cotter data.  VANE ran downhole directional surveys of its
drill holes, whereas few of the Cotter holes were surveyed at the time of
drilling.  The Company is currently awaiting the results of radiometric
closed-can analyses to compare with the chemical assays for the purpose of
checking the equilibrium of the uranium mineralisation.  A tabulation of probe
and assay results is provided at the end of this press release.



VANE geologists are satisfied with the drilling programme and are confident that
the results validate the initial data and previous uranium resource calculation
completed by Cotter. However, it is apparent from the current drilling that a
number of additional core intercepts through ore-grade uranium intervals will be
required to estimate an average grade of vanadium.



The Company has determined that the next stage of the exploration programme
should be to work on expanding the resource, currently open in several
directions, by further drilling.  The Company will also consider completing a
pre-feasibilty investigation on the economics of mining the project that would
include converting the current resource to 43-101 or JORC status.  Upon future
drilling, core will be obtained periodically to gather more data on the vanadium
mineralisation.



Happy Jack Drilling Project

The Company has identified a drilling contractor and plans to commence drilling
the 25 permitted holes (as previously announced) in April 2007.  The drilling
programme is planned to test several of the pods of mineralisation indicated by
historic drill results.



North Alice Extension Drilling Project

On 20 March 2007, the Company submitted a Notice of Intention to Conduct
Exploration to the Bureau of Land Management and the State of Utah for 25 drill
holes for the North Alice Extension project, which is located in the Lisbon
Valley Uranium District of south-eastern Utah.  Approval from these two agencies
is pending.



New Acquisitions

The Company continues to look at acquisition opportunities and is negotiating to
secure further prospective properties in south-eastern Utah.





Matthew Idiens, Director of Corporate Development, commented: 'We are very
pleased with the progress we are making and to have confirmed the existing
resource on the North Wash project.  It should be noted that, since the decline
in uranium prices in the 1980s, VANE with its North Wash project is the first
company to initiate uranium exploration in the Henry Mountain District.  With
respect to the Happy Jack and Lisbon Valley areas, VANE was one of the first 10
companies to submit a plan for drilling with the Federal Bureau of Land
Management and will be the first to initiate drilling in the Happy Jack area of
San Juan County.  We are therefore leading the way with regards to uranium
exploration in these highly prospective areas.'









NORTH WASH DRILLING AND ASSAY DATA TABULATION

(Mineralised intervals are given in depth to bottom of interval (ft) - thickness
(ft) - grade % eU3O8)



Hole 07-77-29 Drill Depth 222' (Cotter Hole 77-29)



Uranium


Chemical Assay                    VANE Probe                          Cotter Probe
201.8' - 4.5' - 0.19%             202.1' - 5.0' - 0.17%               201.0' - 5.0' - 0.12%



Vanadium

Chemical Assay
201.8' - 4.5' - 1.14% V2O5




Hole 07-78-12 Drill Depth 326' (Cotter Hole 78-12)


Uranium



Chemical Assay                    VANE Probe                          Cotter Probe
288.1' - 1.0' - 0.19%             288.0' - 1.0' - 0.16%               290.0' - 8.5' - 0.16%
297.9' - 4.9' - 0.29%             297.0' - 3.0' - 0.22%



Vanadium

Chemical Assay
288.1' - 1.0' - 0.01% V2O5  (negligible V)

297.9' - 4.9' - 0.01% V2O5  (negligible V)



Hole 07-78-42 Drill Depth 317' (Cotter Hole 78-42)



Uranium


Chemical Assay                    VANE Probe                          Cotter Probe
290.9' - 0.8' - 0.03%             290.5' - 1.5' - 0.07%               289.0' - 4.0' - 0.48%


Vanadium

Chemical Assay

290.9' - 0.8' - 0.94% V2O5



Hole 07-79-52 Drill Depth 326' (Cotter Hole 79-52)


Uranium


Chemical Assay                    VANE Probe                          Cotter Probe
310.1' - 0.5' - 0.19%             310.5' - 1.0' - 0.16%               315.5' - 3.0' - 0.27%



Vanadium
Chemical Assay

310.1' - 0.5' - 0.05% V2O5 (negligible V)





Hole 07-79-65 Drill Depth 327' (Cotter Hole 79-65)


Uranium


Chemical Assay                    VANE Probe                          Cotter Probe
301.2' - 2.6' - 0.01%             299.0' - 7.0' - Min.                304.5' - 3.0' - 0.33%


Vanadium
Chemical Assay

301.2' - 2.6' - 0.15% V2O5







Kristopher K. Hefton, Chief Operating Officer VANE Minerals (US) LLC, BSc
Geology, 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.







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              Katie Shelton
[phone]                        [phone]






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