Vast Exploration Inc.

Vast Exploration Inc.

January 10, 2005 16:10 ET

Vast Announces $1,000,000 Private Placement Financing


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: VAST EXPLORATION INC.

TSX VENTURE SYMBOL: VST

JANUARY 10, 2005 - 16:10 ET

Vast Announces $1,000,000 Private Placement Financing

TORONTO, ONTARIO--(CCNMatthews - Jan. 10, 2005) - Vast Exploration Inc.
(TSX Venture Exchange:VST) plans to raise up to $1,000,000 by way of a
non-brokered private placement through the issuance of Units priced at
$0.30. Each Unit will consist of one common share and one half common
share purchase warrant. Each whole warrant will entitle the holder to
purchase one common share at the price of $0.35 for a period of twenty
four months from the closing date. The private placement offering is
subject to regulatory approval.

Vast Exploration Inc. is a junior oil and gas exploration and production
company focused on growth through acquisition, development, and
exploration. It currently has the right to earn up to 1875 hectares of
gas rights from Canyon Creek Resources Ltd. Vast also has a 50% working
interest in an additional 908 hectares of land with oil and gas rights
that are held for five years.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Vast Exploration Inc.
    Don Parker
    President & C.E.O.
    (403) 514-8051
    THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
    OR ACCURACY OF THIS RELEASE.