Rose Petroleum plc

Further Drilling Permits Granted for Uranium Exploration


VANE Minerals Plc today announces that its uranium subsidiary VANE Minerals (US) LLC ("VANE (US)" or "the Company") has been granted further drilling permits for the Big Red Pipe and the Rabbit target in the breccia pipe district of northern Arizona.

The permits were granted further to proposals submitted by the Company in early December, as announced on the 4th of December.

VANE (US) is continuing with the drilling permitting process on its additional breccia pipe targets and the Company anticipates that it will commence its first round of drilling as part of its uranium exploration programme the week commencing 18th December on the Red Dike and Miller pipes.

VANE plans to commence drilling on the Big Red Pipe and Rabbit targets on completion of the planned round at Miller and Red Dike.

Michael Spriggs, Chairman of VANE, commented, "As promised to shareholders, we have continued to accelerate the development of our uranium portfolio and we are excited that drilling is scheduled to commence on our first projects next week."

Kristopher K. Hefton, Chief Operating Officer VANE Minerals (US) LLC, BSc Geology, who meets the criteria of a qualified person under the AIM rule guidance for mining, oil and gas companies, has reviewed and approved the technical information contained within this announcement.

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 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 is using the silver/gold production at the Diablito mine in Mexico to help fund exploration work across its attractive portfolio.

Since December 2004, VANE has built up a substantial portfolio of uranium properties in the US, initially targeting the breccia pipes of northern Arizona, which hold the highest grade deposits in the US.


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

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

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

Daniel Stewart & Co Dan Willmott +44 (0)20 7776 6550