Rose Petroleum plc

Change of Advisers


VANE Minerals ("VANE" or "the Company") is pleased to announce that it has appointed Ambrian Partners Limited as nominated adviser and Daniel Stewart & Co and Ambrian Partners Limited as joint broker to the Company with immediate effect.

About VANE Minerals:
VANE Minerals was founded by the former international exploration team of Freeport McMoRan Copper & Gold Inc., one of the world's largest producers of copper and gold. The team negotiated exclusive access to Freeport McMoRan's global exploration database, made up of 7,000 plus files generated over nearly 100 years of exploration and, following the review of these files, VANE is ideally placed to capitalise on project acquisition opportunities. The Company has assembled a highly qualified and experienced management team with a proven track record in exploration and development, who have spent their entire careers searching for and defining large scale mineral deposits.

The Company's principal objective, as set out at the time of its listing in June 2004, is to be a self-funding exploration company. As such, the initial focus has been to identify high grade gold-silver projects which can be brought into production as quickly as possible in order to provide revenue towards funding the development of potentially much larger projects. VANE is well on its way to achieving this objective as production began at the Diablito mine in Mexico in November 2005. The Company will use the revenue generated by this first producing mine to help fund development work across its attractive portfolio of gold, silver, copper and uranium assets in Mexico, Paraguay and the US.

For further information, please review:


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

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

Parkgreen Communications
Justine Howarth / Cathy Malins
+44 (0) 20 7493 3713

Daniel Stewart & Co
Alex Davies
+44 (0)20 7776 6550