SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the

Securities Exchange Act of 1934

For the month of ~~December~~ ~~2006~~February 2007

Vannessa Ventures Ltd.

(Translation of registrant’s name into English)

000-30462

(Commission File Number)

Suite 220, 1010 – 1^st Street SW, Calgary, Alberta, Canada T2R 1K4

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F [X] Form 40-F [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ______

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ______

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes [ ] No [X]

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

VANNESSA VENTURES LTD.

(Registrant)

Date: ~~December~~February 271, ~~2006~~2007

By:

/s/ ~~Cameron~~John BR. ~~Boyer~~Morgan

Name: ~~Cameron~~John BR. ~~Boyer~~Morgan

Title: ~~Controller~~President

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EXHIBIT INDEX

Exhibit

Description

News Release, 271 ~~December~~February ~~2006~~2007 - English

VANNESSA VENTURES LTD.
Suite 220, 1010 - 1st Street S.W.
Calgary, AB T2R 1K4
Tel: (403) 444-5191 / Fax: (403) 444-5190

N E W S R E L E A S E

~~December~~February 271, ~~2006~~2007 SYMBOL TSXV: VVV

~~VANNESSA~~Extension ~~ARRANGES~~of $1Expiry Date of 2,~~000~~500,000 ~~LOAN~~Warrants by One Year

Vannessa Ventures Ltd. (the "“Company"”) –- The Company iswill ~~pleased~~seek toapproval ~~announce that it has borrowed $Cdn 1,000,000~~ from ~~Exploram~~the ~~Enterprises~~TSX ~~Ltd.~~Venture ~~("Exploram"),~~Exchange ~~its~~to ~~controlling~~extend ~~shareholder. Interest is payable on~~ the ~~loan~~expiry atdate ~~a rate~~ of ~~9.5% per annum~~2,500,000 ~~payable~~share ~~monthly~~purchase ~~and~~warrants a(the 3%“Warrants”) ~~structuring~~issued ~~fee~~on ~~will~~February be18, ~~paid by the Company to Exploram~~2004. ~~The~~All ~~loan~~Warrants iscurrently ~~payable~~entitle onthe ~~demand~~holders ~~after~~to ~~February~~acquire ~~28,~~one ~~2007~~additional ~~and~~common isshare ~~secured~~of ~~by a general security agreement over~~ the Company's ~~assets. This~~at ~~loan~~a isprice inof ~~addition to the~~ $~~4,000,000~~0.66 inper ~~loans~~share ~~obtained~~up ~~from~~until ~~Exploram~~February ~~through financings in April~~18, ~~June, and October of 2006~~2007.

The ~~proceeds~~Company ~~from~~proposes ~~the~~to ~~loan~~extend ~~will~~the beexpiry ~~used~~date byof the ~~Company’s~~outstanding ~~wholly~~Warrants ~~owned subsidiary, Industrias Infinito S.A. (“Infinito”)~~ to ~~advance~~February ~~infrastructure construction~~18, ~~detailed~~2008 ~~engineering~~with ~~and~~no other ~~activities~~terms ~~associated with the development~~ of the ~~Crucitas~~Warrants ~~mine~~being ~~in Costa Rica as well as to fund general corporate requirements including the International Arbitration case against the Bolivarian Republic of Venezuela~~amended.

The ~~Company~~proposed ~~has~~extension also recently submitted documentation pertaining to the jurisdictional challenge raised by Venezuela in the arbitration case regarding the Las Cristinas property which the Company alleges was expropriated without compensation, contrary to the Bilateral Investment Treaty in place between Canada and Venezuela. The Company, in its Request for Arbitration, has requested return of the ~~property~~expiry ~~and~~date ~~damages~~ of ~~$US~~these 50Warrants ~~million~~is ~~plus~~subject ~~interest~~to ~~or,~~approval ~~in lieu~~ of ~~restitution, monetary damages in~~ the ~~amount~~TSX ofVenture ~~$US 1,045 million plus interest~~Exchange.

~~John~~By ~~Morgan,~~order ~~President~~of the Board,

_______________________________
JOHN MORGAN
President & Director

Vannessa Ventures Ltd.

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

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