VAX Vantex Resources Ltd

Vantex Resources Ltd. (the "Company")(TSX VENTURE:VAX) has entered into an
agreement with Jones, Gable & Company Limited ("Jones, Gable") in respect of a
brokered private placement financing consisting of up to 1,700 units (the
"Units") at a purchase price of $1,000 per Unit to raise gross flow-through
proceeds of up to $1,700,000 (the "Private Placement") on a commercially
reasonable effort agency basis. 


The Units will consist of eight (8,000) flow-through common shares at a price of
$01.0 per share, two thousand (2,000) common shares at a price of $0.10 per
share and five thousand (5,000) common share purchase warrant. Each whole
warrant will entitle the holder to purchase one additional common share in the
capital of the Company for a period of twelve months from the date of issuance,
at a purchase price of $0.15 per share. 


Proceeds of the Units will be used for general working capital purposes and to
incur general exploration expenses in Quebec. The expenses will constitute
Canadian exploration expenses and flow-through mining expenditures (as defined
in the Income Tax Act (Canada)), which can be renounced to purchasers for the
2010 taxation year. 


Certain directors, officers and insiders of the Company may participate in the
Private Placement. The securities issued will be subject to a hold period of
four months and one day. 


Proceeds of the Private Placement will be used for the development of the
Galloway-Pitchvein area. The Private Placement will be subject to approval by
the TSX Venture Exchange. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. This news release
may contain forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs, geological
interpretations, receipt of property titles, potential mineral recovery
processes, etc. Forward-looking statements address future events and conditions
and therefore, involve inherent risks and uncertainties. Actual results may
differ materially from those currently anticipated in such statements.


Source: Guy R. Morissette, CEO

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