Vantex Resources Ltd.
TSX VENTURE : VAX

Vantex Resources Ltd.

February 23, 2011 09:00 ET

The Superior Court Approves the Plan of Arrangement Proposed by Animiki Resources Inc.

LA PRAIRIE, QUEBEC--(Marketwire - Feb. 23, 2011) - The management of Vantex Resources Ltd (the « Corporation » or « Vantex »)(TSX VENTURE:VAX) is pleased to announce that the Superior Court approves the plan of arrangement between the Corporation, Animiki Resources inc. (« Animiki ») and Animiki Mining Corporation Ltd. (« Mining Corporation »).

According to this plan of arrangement, Vantex will sell its Santa Anna mining property, located in the La Reine township, 15 kilometres from La Sarre, to Animiki, a private corporation. In exchange, Animiki will issue to Vantex 3,750,000 common shares of its authorized share capital at a price of $0.20 per share. Also, Animiki will pay a 1% net smelting return (« NSR ») and the original owners of the property also keep a 2 % NSR.

Animiki will also acquire a mining property from Mining Corporation known as the Swanson property, located in the Fiedmont township, 35 kilometres from Val-d'Or. This property is comprised of 23 adjacent claims. In exchange for this acquisition, Animiki will issue to Mining Corporation 825,000 common shares of its authorized share capital at a price of $0.20 per share.

Animiki, Vantex and Mining Corporation agreed on a plan of arrangement where Vantex will distribute to its own shareholders in the form of a dividend in property, 3,378,750 shares, or 90.1 % of the received shares, while Mining Corporation will redistribute also in the form of a dividend in property to its shareholders, the entire 825,000 shares received.

The judgement of the Superior court, rendered on February 22, 2011, follows the proposition adopted by Vantex shareholders at its Special meeting of shareholders that took place on December 23, 2010. The proposition regarding the plan of arrangement was approved by 70.2 % of the votes cast by shareholders present or represented.

Animiki is a new corporation created under the Canada business corporations act that will apply for the listing of its shares on the TSX Venture Exchange.

Neither 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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