Vantex Resources Ltd.

Vantex Resources Ltd.

November 01, 2007 18:34 ET

Vantex Raises $400,000

LA PRAIRIE, QUEBEC--(Marketwire - Nov. 1, 2007) - Vantex Resources Ltd. (TSX VENTURE:VTX) announces the completion of a $400,000 non-brokered financing. The Company will issue a total of 2,000,000 flow-through shares and 222,222 common shares of the Company at a price of $0.18 per share and a total of 1,111,111 warrants. Each warrant is valid for the purchase of one additional share of the Company at a price of $0.20. The warrants will be exercisable for one years after the closing. These shares are subject to a 4-month minimum hold period. This financing is subject to the approval of the TSX Venture.

In connection with the private placement, a cash commission will be paid out to Francois Simard, a non-related party, for an amount of $40,000.

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

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