Vannessa Receives Final Environmental Approval
Vannessa Ventures Ltd.  announced that its wholly owned subsidiary Industrias Infinito S.A., has successfully concluded the environmental permitting process for its Crucitas gold project located in North Central Costa Rica.

The final resolution, was issued by the Ministry of Environment in Costa Rica (SETENA) on December 12, 2005.

The final resolution follows the approval of the Environmental Impact Statement which was announced in early September of this year indicating the Vannessa had complied with all of the requisites of Costa Rican mining and environmental regulations.

The final resolution has also specified the amount of the required Environmental Performance Bond as US$ 600,000. Vannessa has made preliminary arrangements for bonding to be put into place and this will be finalized now that the exact amount of the bond has been identified.

Following the approval of the Environmental Impact Statement in early September Vannessa has been working towards producing a feasibility study to secure project financing building upon the extensive work already completed on the project by Placer Dome and later Cambior Project & Construction Group for Industrias Infinito.

Geostat International Inc. has completed due diligence work in Costa Rica and is now completing the 43-101 compliant resource evaluation. Micon International Limited will be responsible for the overall consolidation of the feasibility study and Golder Associates Ltd. will supply geotechnical services associated with the study. Other consultants and contractors have been retained, both in Canada and Costa Rica, to assist the Company in planning and executing the development of the Crucitas project.

Vannessa continues to work with the small communities near the mine in Alajuela Province to ensure that community needs and concerns are addressed and to fulfill the commitments made in the Environmental Impact Statement and during the extensive Public Involvement Process.