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.

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

How old r u, cynic if I may ask?

very very very ..... lol! ..... 60 as it happens; just got notice that i shall be receiving my 200 winter heating allowance!!

Cynic , us young ones have to take a chance or two . When I am 60 , the bank balance should be supporting me (i hope ) There are chances in life , its just spotting them .

old dogs can and do still learn new tricks ..... Can almost guarantee your bank balance will not support the lifestyle you would like by the time you are 60 or even 70 .... certainly not if you are like me = high maintenance!

by the way, i shall be trying out the new (not yet released) Calloway driver on Friday ...... It really does look very strange ..... totally different shaped head from anything you have seen except perhaps on Star Trek!