Rose Petroleum plc

Thomson Financial

9-September-2008

Vane Minerals enters JV with Uranium One for Northern Arizona properties

LONDON (Thomson Financial) - Vane Minerals Plc. said its unit VANE Minerals (US) LLC has entered a joint venture with Uranium One Exploration U.S.A. Inc. for their Northern Arizona properties.

Vane Minerals and Uranium One will transfer their respective property holdings in Northern Arizona into the joint venture, with a 50-50 interest to both companies, the AIM-listed minerals exploration and development company said. VANE will be operator of the projects at the exploration stage and Uranium One will be operator of the projects at the development, mining and milling stages, it added.