VANE Minerals plc
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Press Release

31-May-2007

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.

VANE Minerals Plc
Matthew Idiens
+44 (0) 20 7667 6322

Ambrian Partners Limited
Richard Brown
+44 (0) 20 7776 6417

Daniel Stewart &Co.
Katie Shelton
+44 (0) 207 776 6593

Parkgreen Communications
Cathy Malins/Annabel Leather
+44 (0) 20 7851 7480