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.

also, for some reason i can't getit, but what is the current mkt cap. cheers

26.49

you are the man.

40% rise in last 2 trading days. Looks to have a lot left in it aswell. Just wait while the RNS news starts coming in.

cheers GF.

Lots of buys this morning and no sells. How come the price hasnt changed/

Buys way in front of sells. Strange stock this it tends not to move for days and then goes up in one large rise.

cheers GF.

Added more Vane at 23.25. The more I look at this one the more I like it. Got to be plenty of news flow pushing it.

cheers GF.

nice sized trade (1.25m) went through a few minutes ago...

Still looking and wondering. Not a big fan of mining shares.

MS

Well its ticked up and the MMs have moved the ask up. Red hot at the moment this one.

cheers GF.

WOW its just cranked up again. As to be one of the best buys around at the moment. Loads more to come.

cheers GF.

WOW up over 5% at end of play today, this share just keeps getting better and better.

Yup thats 46% in three (lousy) trading days with a lot more to come.

cheers GF.

Looking for another good one tomorrow.

cheers GF.

Been sensational so far, GF. Might have a few more for breakfast, but have also been following the MMG story and wondering whether to come in there. Decisions decisions!

Cheers Madison

Spread the risk I say.

cheers GF.

Same patteras usual , all buys.

cheers GF.

And up she goes. Got to be one of the hottest stocks around this one. Still early doors aswell I can see this one going a lot higher.

cheers GF

Moved up again. It does look like theMMs are short of stock especially after yesterdays MM to MM market trade of over 1 million changing hands. Nows the time to buy.

cheers GF

Sure are lots of buys today - thought this might slow up after teh last few days, but no signs of that this morning