Minister Makes Statement Regarding Vannessa's Exploitation Concession

Trading Symbol: TSXV: VVV

CALGARY, April 16 /PRNewswire-FirstCall/ -- Industrias Infinito S.A. ("Infinito"), a wholly owned subsidiary of Vannessa Ventures Ltd. (the "Company"), became aware of a media report broadcast in Costa Rica on April 15, 2008 on Noticias Telenorte. In this broadcast the minister in charge of the agency responsible for mining ("MINAE") in Costa Rica, in response to a question from a reporter, indicated that the reconfirmation of the validity of Infinito's Exploitation Concession in respect of the Crucitas project will be granted very soon. The Company has yet to receive formal notification of the reconfirmation. However, as this information was made public in Spanish in Costa Rica, the Company feels it is obliged to disseminate it through its customary channels in English.

When received, this reconfirmation by MINAE, together with the approval of the modified Environmental Impact Statement ("EIS") received on February 4, 2008 from SETENA, the environmental department of MINAE, will be of great significance. These are the final major approvals the Company requires to move forward with the development of the Crucitas gold project located in the underdeveloped north-central part of the country.

The Company does not expect MINAE to impose any new conditions to the Company proceeding with its detailed plan to mine both the saprolite and hardrock material at the Crucitas Project as set forth in its recently approved EIS. However the Company will not know if there are such conditions until the formal reconfirmation is received.

Infinito has secured all the surface rights required for mine and infrastructure development and has also purchased a ball mill and SAG mill which are currently in California pending relocation to Costa Rica. These mills are expected to be capable of processing 7,500 tonnes per day of saprolite or weathered rock which overlies the deposit area and 5,000 tonnes per day of the hardrock material which underlies the saprolite.

Caution Regarding Forward-Looking Information and Statements
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Certain statements in this press release address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. These factors include, among others, the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, the possibility that all necessary governmental and regulatory approvals will not be received, and the availability of a qualified workforce and third party contractors necessary for the development and operation of a mine. The Company undertakes no obligation to update these forward-looking information or statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking information or statements.

"signed"
John Morgan, President
VANNESSA VENTURES LTD.

"The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release."

CONTACT: Vannessa Ventures Ltd., Suite 220, 1010 - 1st Street S.W., Calgary, AB, T2R 1K4, Telephone: (403) 444-5191, Fax: (403) 444-5190

Source: Vannessa Ventures Ltd.

CONTACT: Vannessa Ventures Ltd., Suite 220, 1010 - 1st Street S.W.,
Calgary, AB, T2R 1K4, Telephone: (403) 444-5191, Fax: (403) 444-5190

2008-04-16 18:54:49 0338142 PRNEWSWIRE