Trading Update

Vane Minerals PLC
16 January 2006



                          VANE Minerals Plc (AIM: VML)


                         Revenue generated at Diablito
                         New Uranium tailings property
                                 Trading update



Diablito

VANE Minerals Plc ('VANE' or 'The Company') reports that the revenue stream
anticipated from the sale of Diablito's silver/gold concentrates has now
commenced with the first shipment of concentrates in December 2005. Continuation
of these revenues, which it is estimated will average US$200,000 per month, will
achieve VANE's objective of fully funding the group's current foreseeable
exploration activities.



Choix

Drilling equipment originally scheduled for the second round of drilling at
Guadalcazar was diverted to the Choix prospect, in Sinaloa, which has resulted
in the completion of drilling on the prospect ahead of schedule and under
budget. The assay results are expected in the next 4-6 weeks.



Guadalcazar

The first-round drilling results in 2005 were encouraging, as they confirmed the
Company's belief in the hydrothermal origin of the gold. Having diverted
drilling equipment to Choix, drilling operations at Guadalcazar are being
rescheduled for the first quarter of 2006. VANE has identified that the entire '
tuff area' of 6km by 0.8km is gold bearing.  The area is estimated to contain 4
million oz of gold, although the Company deems this to be of insufficient grade
at this stage to be mineable. This, however, underlines VANE's belief that there
is likely to be a higher grade feeder(s) within the large area which has
supplied the tuff with its gold content.



Paraguay

The Government of Paraguay has extended VANE's Investigation Permits by six
months, which will now run until September 2006. The first results of soil
sampling covering the gold targets initially identified by reconnaissance stream
sediment sampling have been received and encouragingly, significant samples
indicate the existence of an extensive area 14km by 8km containing gold.
Sampling is continuing in an effort to more accurately define the extent of the
mineralised area in anticipation of conversion of our Investigation Permits to
Exploration Licences prior to drilling.



Mina Charay

Management is currently undertaking a pre-feasibility study at its Mina Charay
gold/silver project to confirm the economic viability of the project and this
study is expected to be completed by the end of the first quarter 2006.



Uranium

VANE continues to be active on the Colorado Plateau in the western U.S. where a
number of attractive uranium exploration and acquisition opportunities are being
evaluated. We continue to add properties to our portfolio of uranium targets and
are pleased to announce that VANE has been granted the Exploration Permit for
the Hillside Tailings Project, North-Central Arizona. This project is deemed
relatively small with around 180,000lbs but it is a simple process of delivering
the tailings to a mill, if the economics are viable. VANE is in the process of a
feasibility study on this project.



Outlook

Chairman Michael Spriggs commented: 'The Company is pleased with the progress of
VANE so far, continuing to achieve all we had set out to do at IPO and more. The
monthly revenues from Diablito will cover all current exploration costs
throughout the group. We are active on a number of important exploration fronts
and consider there to be excellent opportunities for VANE to generate
significant growth through on-going activities.'


Enquiries:


VANE Minerals Plc                        Ambrian Partners Limited
Matthew Idiens                           Richard Brown
[phone]                     [phone]


Parkgreen Communications                Daniel Stewart & Co
Justine Howarth / Cathy Malins          Alex Davies
[phone]                    [phone]





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