Industrias Infinito SA, a wholly owned subsidiary of Vannessa Ventures Ltd., 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 Feb. 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.