Rose Petroleum plc

Financial Results for Year Ending December 2005


5 April 2006

VANE Minerals Plc (AIM: VML)

("VANE" or "the Company")

Financial Results for Year Ending December 2005

  • Diablito mine now in production producing gross revenues of $420k per month
  • Investigations underway to secure milling facilities close to Diablito mine
  • Significant progress made in securing exploration rights for uranium properties in the USA
  • New drilling programme to be started shortly at Guadalcazar
  • Strong multiple vein system identified at Mina Charay
  • Mineral investigation permits granted in Paraguay
Steven Van Nort, Chief Executive Officer of VANE, says "2005 was a transformational year for the Company as we made the move from being a pure exploration company to being a producer, with the successful development of our first gold and silver mine in Mexico. We are now in an enviable position, combining the cash flow of our producing operation with an exciting exploration portfolio, offering exposure to gold, silver, copper and uranium. We are proving our ability to deliver on our objectives and we look forward to further successful progress in 2006 with confidence."
For a full copy of the press release and preliminary results click here
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