VANE Minerals is an explorer and developer of uranium and copper projects in North America. Utilizing a team made up of leading industry professionals the Company is developing new uranium resources in North America both independently and through Joint ventures. With projects in some of the most important uranium districts in the US the Company aims to develop highly efficient mines with a low environmental impact. VANE has been quoted on AIM (LSE) since 2004 with the ticker VML.

VANE Uranium Operations

ARIZONA STRIP, Northern Arizona Breccia Pipe District

District contains among highest grade uranium deposits in the US.1 – 6 mm lbs U3O8 single pipe potential.3.4 mm lbs U3O8 per mined pipe is the historic average.VANE has identified more than 160 individual pipe targets so far.District has 23 mm lbs U3O8 historic production and 21 mm lbs U3O8 known resources (44 mm lbs total discovered U3O8 in short exploration history).USGS Circular 1051- published in 1987, states that the potential of the region is 2 billion pounds of U3O8.

South Arizona Strip, VANE-Uranium One Joint Venture (“JV”)

VANE-Uranium One Exploration U.S.A. Inc. (“U1”) Joint Venture (50/50).Lead property, Wate Pipe, undergoing National Instrument 43-101 (NI43-101) confirmation of reported historic resource of 1.9 mm lbs U3O8 at 0.83% grade.Joint Venture includes 83 pipe targets, of which 11 are known mineralized pipes; recent addition of Neutron Energy Inc. holdings in District added 16 additional exploration targets.VANE Minerals operates:ExplorationUranium One operates:DevelopmentMiningMilling

Lead Joint Venture Project – Wate Breccia Pipe

During 2009 VANE undertook an extensive drilling campaign at the Wate Breccia pipe and is on target to produce a NI 43-101 resource during Q1 of 2010.

Best drilling results include:

30.5 feet of 1.87% eU3O8, including 12 feet of 3.67% eU3O8
25.5 feet of 0.47% eU3O8
25.0 feet of 0.22% eU3O8

The historic resource calculated for Wate by the Arizona State Land Department in 1998 was stated in three cases as laid out below:

Conservative: 70,250t @ 0.80% eU3O8 for 1,124,000 pounds U3O8
Base: 114,872t @ 0.83% eU3O8 for 1,916,863 pounds U3O8
High: 146,122 @ 0.83% eU3O8 for 2,416,863 pounds U3O8

The Wate pipe is covered by the Uranium One Joint Venture with VANE Minerals.

North Arizona Strip – 100% VANE Minerals

79 pipe targets including 75 new exploration targets located on newly acquired land package of 7500 acres (370 claims) from Sage Associates.VANE Minerals Additional Uranium Assets

Colorado

Coyote Basin Project

4,900 acres consisting of 213 claims and one State lease.
High-grade uranium in lignite.
Widely-spaced drilling.
Hole 101: 5.0ft of 0.82% U3O8.
One mile away (off property) drill hole w/ 10ft of 0.43% U3O8.
Historic resource (non NI43-101) of 35.4m lbs U3O8
Potential on property +50 mm lbs U3O8.

Utah

North Alice Extension

Contiguous with Homestake mine.
75 hole drill program approved, verify Homestake drill results.
35 holes announced to date: 15,547 ft.

North Wash – drilled to confirm historic resource.

150,000 lbs U3O8 + 750,000 lbs V2O5.
29 holes completed to date – 18 intersected uranium mineralisation.

Happy Jack Mine – historic production 3.1m lbs U3O8.

9 exploration drill targets.
Close to two mills.
Potential small scale production.

North La Sal and Pine Claims – prolific La Sal channel.

Abajo Project – 7,000 acres- southwest trend of Uravan Mineral Belt (U-V)

VANE Minerals Metals Assets

In addition to its Uranium portfolio, VANE has several other projects, including porphyry copper exploration in South West USA and a producing silver and gold mine in Mexico. It also has exclusive access to the Freeport McMoRan global exploration database dating back to 1907. For further information on these activities, please visit www.vaneminerals.com.

Board of Directors and Key Management

The Rt Hon Sir Richard Needham
Chairman, VANE Minerals plc
Ex-Member of Parliament for Chippenham and appointed Minister for Trade in 1992. Responsible for Britain’s export strategy as deputy to Michael Heseltine. Made a Privy Counsellor in 1994 and knighted in 1997. Founder member of the Anglo-Japanese 21st Century Group and Chairman of Avon Rubber plc.

Steven Van Nort
Chief Executive Officer
Former Senior VP Freeport-McMoRan Global Exploration, including Grasberg Mine, Indonesia. 19 years with Hanna Mining in exploration world wide.

L. Clark Arnold
Director of Geology
17 years with Lowell Mineral Exploration. Long-term consultant to Freeport-McMoRan.