Vantex Resources Ltd.

Vantex Resources Ltd.

September 29, 2009 08:00 ET

Vantex Acquires 100% of the Perron Property

LA PRAIRIE, QUEBEC--(Marketwire - Sept. 29, 2009) - The management of Vantex Resources Ltd. (the "Company") (TSX VENTURE:VTX) is pleased to announce that it acquired 100% of the Perron property, located south of the Galloway Project.

Following an initial agreement with the company 9189-9419 Quebec Inc. (The "Seller") Vantex Resources Ltd. had to invest a sum of $ 250,000 in work over the next few years to acquire 40% interest in the property but due to a renegotiation, the seller sells its 100% interest in exchange for 1 million shares of the company.

Also, on the basis of a positive feasibility study, Vantex will have to pay a sum of $ 100,000 to the seller and an additional $ 500,000 if the project is put into production together with the royalty payment of $ 1 per ounce produced annually.

The Perron property is located in south-western extension of the Pitchvein Galloway zone.

Galloway Project

Consisting of three mining concessions, 52 claims and 35 lots covering a total area of 2,285 hectares, the Galloway project is the results of the amalgamation of the Hurd, Ogima Nord, Sandborn, Perron, Cadillac and Francoeur claim blocks.

Through this important acquisition, Vantex Resources Ltd has positioned itself in a favourable geological environment for the development of an open-pittable, large-tonnage gold resource of the same type as those currently being developed in Abitibi.

The TSX Venture Exchange has neither approved nor disapproved the content of this press release.

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