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Re:   News - Tuesday, May 27, 2008
      Vannessa Arranges $2,000,000 Loan
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Vannessa Ventures Ltd. (the "Company") -- The Company is pleased to
announce that it has borrowed $Cdn 2,000,000 from Exploram Enterprises
Ltd. ("Exploram"), its controlling shareholder. Interest is payable on
the loan at a rate of 9.5% per annum, payable monthly and a 3%
structuring fee will be paid by the Company to Exploram.  The loan is
payable on demand after September 30, 2008 and is secured by a general
security agreement over the Company's assets.  This demand loan is in
addition to the $5,500,000 in loans outstanding which were obtained
from Exploram through financings on June 19 and December 27 of 2006 and
March 27 of 2008 plus a $5,000,000 convertible debenture maturing on
January 31, 2009.

The proceeds of the loan will be used by the Company's wholly owned
subsidiary, Industrias Infinito S.A. ("Infinito") to advance
infrastructure construction, site preparation, detailed engineering,
and other activities associated with the development of the Crucitas
gold mine in Costa Rica as well as to fund general corporate
requirements.  The Company felt it necessary to close the transaction
expeditiously to enable it to promptly meet development obligations.


John Morgan, President

Vannessa Ventures Ltd.

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

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Copyright (c) 2008 VANNESSA VENTURES LTD. (VVV)  All rights reserved.
For more information visit our website at http://www.vannessa.com/ or
send mailto:vvvinfo@vannessa.com
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