Greg Matthews

David Tonken

May 12, 2006 13:43 ET

Matthews and Tonken: Early Warning Report in accordance with National Instrument 62-103

CALGARY, ALBERTA--(CCNMatthews - May 12, 2006) - Messrs. Greg Matthews and David Tonken, jointly, in accordance with s.176 of the Securities Act (Alberta) and National Instrument 62-103 have directly acquired 499,500 common shares of Vanguard Investments Corp. in a series of private purchases at a price of $0.03 per share on May 12, 2006. The acquisition brings the total direct and indirect shareholdings of Messrs. Matthews and Tonken in Vanguard to 14.3 per cent of the company's issued and outstanding share capital. Messrs. Matthews and Tonken advise that the shares were acquired for investment purposes only and that they may acquire more securities of the company at any time in the future.

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