Crucitas Permitting Process Advances
Vannessa Ventures Ltd. through its 100 percent owned subsidiary, Industrias Infinito S.A., has filed responses to questions on the Company's Environmental Impact Statement (EIS) with the Ministry of Environment (SETENA) regarding the Company's proposed Cerro Crucitas gold mine in Costa Rica.

This filing is in response to Resolution 119-2005, dated January 19, 2005, in which the SETENA requested that the Vanessa prepare an Annex in order to clarify and respond to specific questions identified by the SETENA during their evaluation of the company's previously submitted EIS and during the extensive public involvement process.

The project area that is the subject of the SETENA application in respect of the Crucitas project is limited only to the softer near surface saprolite or weathered material.

A resource estimate of this material was completed in November 2000 by independent consultants, Dr. G.R. Peatfield, Ph.D., P. Eng. and Mr. J. Zbeetnoff, P. Geol., both of which are qualified persons as defined by National Instrument 43-101, and the classifications of the resource in the resource estimate conforms to the standards outlined by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM 2000).

This report was filed on SEDAR on October 28, 2003. A more recent resource estimate has not been prepared and the Company considers the report to be relevant.