UPDATE UPDATE UPDATE..

COMPANY WEB SITE.........

http://www.vaneminerals.com/

THE PRICE OF URANIUM IS GOING BALISTIC...

The uranium spot price hasn't seen a down month since 2001. For years now, uranium producers have met just 60% of total annual demand - the other 40% coming from government stockpiles and decommissioned nuclear warheads. This can go on for only so long.

The tightness of supply comes at a time of atomic resurgence. Three large-scale factors have turned the tide in favour of nuclear energy:
geopolitics, global warming and developing world growth.

Analysts are debating over wether the SP of Uranium increase will be three fold within 2007?.

Looks like to me, the best play on the UK market for Uranium and it hasnt gotten away yet like the other two ZBA Zareba and URA Uranium which have multi bagged. Its also in a position to fund its development with a new gold mine producing. Ive added twice this morning and think this one could be very big. Heres the announcement...........

Vane Minerals PLC
07 March 2005


VANE Minerals plc (AIM: VML)

VANE Announces Diversification Into Uranium Exploration And Development

Vane Minerals ('VANE' or 'the Company') announces that it is diversifying its
current project portfolio by entering into the uranium exploration and
development business.

To date 7 uranium targets have been successfully claimed by the Company and 28
further properties have been identified and are under development. VANE expects
to finalise its property position by the end of the first quarter 2005. The
Company is targeting uranium projects that are either at, or near, resource
stage or targets that exhibit similar surface features to mines with past
production, but that have not yet been evaluated for the presence of uranium.

The 35 properties identified are located within a uranium district with
significant past production as well as significant resources. Due to the
current uranium market conditions, we prefer to not identify the location until
we complete our property position. Previous drilling data available for some of
the 7 properties successfully claimed indicate grade intersects from 0.34 up to
1.78% U3O8.

VANE has incorporated a 100% owned subsidiary to hold its uranium properties and
has also successfully recruited a uranium geologist, Kristopher K. Hefton B.Sc.,
who has considerable experience in this field and is a great addition to the
VANE team. Mr. Hefton has worked with VANE's exploration team in the past during
his time at Freeport McMoran, and he has also worked for Barrick Gold
Corporation, Homestake Mining Company and Energy Fuels Nuclear Inc.

Michael Spriggs, Chairman of VANE, commented, 'We are delighted to announce the
addition of these uranium assets to the VANE portfolio and will update the
market with more substantial details once further properties have been claimed.
The uranium market has been strong for some time now, reflecting a long-term
forecast supply shortage and the growing recognition that nuclear energy offers
a cleaner and more energy efficient fuel source. Through our extensive network,
we have identified some quality projects and look forward to releasing further
details when appropriate.'

Enquiries:

VANE Minerals plc Seymour Pierce Limited Parkgreen Communications
Matthew Idiens Sarah Wharry Justine Howarth / Cathy Malins
020 7667 6322 020 7107 8000 020 7493 3713

cheers GF.

Well its nice to see the TAers here give there take on the prospects for VML.

Being a fundies man myself I look deeper than the present SP (and any patterns it may throw off) and look at underlying value, and that on this stock tells me that future growth will be paid for by the ongoing production at the Gold mine and the cash it generates, and the continuing development of the Uranium prospects which will in turn raise NAV per share and ultimately SP per share.

Day to day SP activity doesnt bother me. The futures bright, the futures Nuclear, the futures VANE.

Any ideas if today's news some background as to why the share price has been increasing recently? Or is this something extra added which will reinforce a further rise?

sp going up due to consolidation taking place in the uranium mining sector.

Vane Minerals PLC
19 February 2007

19th February 2007



VANE Minerals Plc (AIM: VML)



Acquisition of the North Alice Extension Project, Lisbon Valley, Utah



VANE Minerals Plc is pleased to announce that its wholly-owned uranium
subsidiary, VANE Minerals (US) LLC ('VANE (US)' or 'the Company'), has signed a
5 year renewable lease agreement on 18 lode claims (approximately 350 acres) in
the Lisbon Valley Uranium District of south-eastern Utah. The claims, which
make up the North Alice Extension Project, are 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 1980's due to the falling price of uranium.

The south-eastern part of the claim group covers the northwest portion of the
North Alice Mine workings (including a sealed vent shaft) where the limited data
available at this stage indicates that resources appear to be in place. In
addition, the property covers an area which has had substantial drilling,
including delineation drilling, completed by Homestake during the early 1980's.

The Lisbon Valley has historically produced in excess of 78 million pounds U3O8
and includes the Rio Algom Lisbon Mine/Mill complex which is located one mile to
the northeast of the North Alice Extension Project on the down-thrown side of
the Lisbon Fault. The Lisbon Mine itself produced in excess of 18 million
pounds of U3O8 until being mined out and currently is in reclamation.

Mineralisation in the North Alice Extension Project occurs in stratabound units
on the up-thrown side of the Lisbon Fault at depths of 700-800 feet. The Company
is presently attempting to acquire additional data on the areas of
mineralisation that were drilled late in the exploration history of Lisbon
Valley, circa early 1980's. At the same time, the Company is drafting a Notice
of Intent to Drill to submit to the Bureau of Land Management to initially drill
25 confirmation holes. Drilling is expected to start in the second quarter of
2007 depending on approval. A drilling contractor has already been identified
for this drilling campaign.

Matthew Idiens, Director of Corporate Developments commented, 'The Company's
geologists believe the North Alice Extension Project has substantial resources
and excellent exploration potential. This acquisition further strengthens our
uranium portfolio and we are encouraged by the historical uranium production of
the Lisbon Valley area which provides evidence that this region is highly
mineralised. An aggressive drilling programme will commence as quickly as
possible as we aim to increase our uranium resources.'

Minas Charay

As reported in our interim results, a 26-hole drilling programme carried out at
Minas Charay did not confirm the large low-grade target and was only successful
in delineating a narrow high-grade precious metal vein system. Accordingly, this
project was assigned lower priority with all financial obligations being
terminated pending renegotiation with the local owner of the mineral rights to
this property.

The Board has decided not to proceed with the renegotiation as it was unable to
agree satisfactory terms and it wishes to concentrate its efforts on
exploitation of, and additions to, its uranium portfolio and the operation of
the successful Diablito mine. As previously noted, the Board feels that the Mina
Charay project's unfavourable results will not have a material effect on the
company.

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.

All historical data has been sourced from publicly available 43-101 reports

98 whats the sp on this? in your eyes is it a good buy and wt would you think the top end is ?

Excelent news.

Will lead to a re- rating of NAV per share.

Although Vane wasn't mentioned explicitly, a fund manager from Geiger Counter on CNBC Europe Squawkbox programme this morning was interviewed on where he thought the price or Uranium was heading and asked for his views on the best plays in the sector.

As to the price, he confidently predicted a 33% rise from $75 per pound to $100 per pound over this year, rising to $110 per pound for next year.

As to the plays, he didn't think much of Cameco (the World's largest publicly traded Uranium company) saying that he thought that they were a bit iffy with their news flow and that recent mining problems had been understated. His recommendations were to seek opportunities with other explorers in the area and those already producing the stuff.

Such interviews can only be beneficial to companies such as Vane since it highlights the potential of this sector and brings the company to the attention of the larger institutional investors.

Lets hope for some further sp reaction. (Upward, I might add).

SF interesting to see the prediction in the Uranium SP.

Nice to see you again Starfrog!

Been convinced of the fundamentals of this company for a long time and held tight through last year's trough. I expect to see plenty more volatility yet as the hot money alternately gets over-excited then panics. Looks good for the long-term though.

Cheers, Madison

Hi to you too GF! This one's doing well at present. Any reflections on Delling lately?

Cheers, Madison

Hi madders yep VML is doing very well but delling just sticks, which is rather frustrating after all the positive newsflow its had.

Maybe its because its a Swede company ........ cool calm relaxed and laid back... LOL, it needs a good kick up the jacksy.

Doing quite well with VML I only bought in about ten days ago and Im up 46%, very impressed with their progress they not only announce an acquisition of the North Alice Extension Project, Lisbon Valley, but are already drafting a Notice of Intent to Drill to submit to the Bureau of Land Management to initially drill 25 confirmation holes, and to start drilling in the second quarter of 2007. They dont hang about or keep you guessing, holding and will probably add.

Good day for vml . I think the managament wants results and will do everything in their power to get them .

Sure will.

Good day again , I knew i should have got more of these .

and did you also buy UMN? .... if so at what price and/or have you locked in any profits?

Yes 143 , and not locked in profits . Positive view .

if you bought at 143, then well done, but i still think the prudent investor would lock in some profits or at least run a trailing stop on all or just part

umn 5 target , vml target ? I hear 30p talked about .

target? talked about? ..... all so much hot air ....never ever forget that you ain't got no profit at all until you bank it ..... i am old and cynical with fingers singed to a stub through failing to acknowledge that