Vast Exploration Inc.
TSX VENTURE : VST

Vast Exploration Inc.

November 13, 2007 13:25 ET

Vast Exploration Grants Stock Options

CALGARY, ALBERTA--(Marketwire - Nov. 13, 2007) - Vast Exploration Inc. (TSX VENTURE:VST) ("Vast" or "the Company") is pleased to announce that it has granted a total of 750,000 options under the share option plan of the Company. Due to the recent termination of expired options, the total number of fully diluted shares has not increased as a result of this option grant.

The options have an exercise price of $0.39 per option exercised, have a term of 60 months and will vest in eight equal quarterly installments with the first installment to vest immediately.

About Vast Exploration Inc.

Vast Exploration Inc. is an Alberta-based exploration and production company focused on its joint venture agreements with both the Paddle Prairie Metis in Boyer, Alberta and with Samson Oil and Gas Inc. (owned by the Samson Cree Nation of Hobbema, Alberta); an exploration land play in Barrhead, Alberta; and a Coal Bed Methane (CBM) farm-out in the Black Warrior Basin in Alabama. The Company trades on the TSX Venture Exchange under the symbol "VST". Further information on Vast can be found at www.vastexploration.com.

Forward-looking Information

Statements in this release that are not historical facts are "forward-looking information" within the meaning of applicable securities law. Certain information regarding Vast in this news release including management's assessment of future plans and operations may constitute forward-looking information and necessarily involve risks including, without limitation, risks associated with oil and gas development, production, competition from other producers, inability to retain drilling rigs and other services, and delays resulting from or inability to obtain required regulatory approvals. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking information".

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS RELEASE.

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