Vast Exploration Inc.
TSX VENTURE : VST

Vast Exploration Inc.

November 10, 2009 07:30 ET

Vast Exploration Special Warrants Convert to Free Trading Stock

CALGARY, ALBERTA--(Marketwire - Nov. 10, 2009) - Vast Exploration Inc. ("Vast" or the "Company") (TSX VENTURE:VST) today announces that a receipt has been issued for the final prospectus filed in connection with the qualification of the 20,000,000 Common Shares underlying the 20,000,000 Vast special warrants sold on October 8, 2009 (the "Special Warrants") (see News Release dated October 8, 2009). As of close of business on Thursday November 12, 2009, being the third business day following the issuance of the receipt, each Special Warrant shall automatically convert to one free trading common share in the capital of the Company.

A copy of the final prospectus and receipt are available on SEDAR under the Company's profile at www.sedar.com and a copy of the prospectus will be delivered to each registered holder of Special Warrants.

About Vast Exploration Inc.

Vast Exploration Inc. is an independent oil and gas company, and a partner of Niko Resources Ltd. Vast is focused on the exploration and development of its principal asset, the Qara Dagh Block, in the Kurdistan region of Iraq. The Qara Dagh Block lies on trend with existing discoveries and is located in the prolific Zagros Fold Belt of Northern Iraq which contains several large fields including the super-giant Kirkuk field.

Forward-Looking Statement Warning

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the likelihood and timeline for the conversion of the special warrants to free trading common shares. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of exploration activities; regulatory risks; risks inherent in foreign operations; and other risks of the oil and gas industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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