Rose Petroleum plc

Result of Annual General Meeting


VANE Minerals Plc (AIM: VML)

("VANE" or "the Company")

Result of Annual General Meeting

VANE is pleased to announce that all the resolutions proposed to shareholders at the Company's AGM held today, Monday 15th May 2006, were duly passed.

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. VANE is well on its way to achieving this objective and recently made the transformation from being a pure exploration company to being a producer, with the successful development throughout 2005 of the Diablito gold and silver mine in Mexico. Diablito is currently producing at a rate of approximately 1,500 tons per month to provide gross revenues of some $420,000 per month. The Company will use the revenue generated by this first producing mine to help fund development work across its exciting exploration portfolio of gold, silver, copper and uranium assets in Mexico, Paraguay and the US.

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

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