Wednesday, 21 May 2008

Vanessa Futures Deregisters

Vannessa Ventures Ltd. has announced plans to file a Form 15F with the United States Securities and Exchange Commission (the "SEC") to voluntarily terminate the registration of its Common Shares under the United States Securities Exchange Act of 1934. Vannessa expects the termination to take effect no later than ninety days following the filing of Form 15F. As a result of this filing, the Company will immediately stop filing certain reports, including Form 20-F and Form 6-K, with the SEC.

As a TSX Venture Exchange listed reporting issuer, Vannessa will continue to meet its Canadian continuous disclosure obligations through filings with the applicable Canadian securities regulators. The Company's filings can be found on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com.

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