Vantex Resources Ltd.
TSX VENTURE : VTX

Vantex Resources Ltd.

September 13, 2007 07:00 ET

Vantex Acquires an Important Uranium Project

LA PRAIRIE, QUEBEC--(Marketwire - Sept. 13, 2007) - As part of its development program, Management of Vantex Resources Ltd. (TSX VENTURE:VTX) is pleased to announce the acquisition of a 100% interest in an important uranium project (Manic project) located in sheet 33G14, north of LG4 reservoir, James Bay.

This property, comprising 40 cells covering an area of 2,080 hectares, has been the object in the mid 70's of exploration work to assess its uranium potential. This exploration work was done by Groupe SES (Seru Nucleaire, Eldorado Nucleaire and SDBJ) and has outlined an important uranium occurrence within kilometric sedimentary units of the Sakami Formation, reaching a width of 370 metres (Davis 2006). Results of geological surveys from Groupe SES (GM34753) showed the presence on the Manic project of a favourable unit hosting three kinds of uranium enrichments: 1) uranium enrichment in reduction zones in the Archean basement; 2) electrochemical enrichment form conductors in the Archean basement and; 3) heavy minerals (uraninite) concentration in conglomerate beds.

"We are very pleased in concluding this agreement with this group of prospectors. This type of deposit, the occurrence of uraninite in conglomerates, leads us to believe to the presence of uranium and potentially gold. If we are right, that could be compared to certain South Africa deposits, a region who is an important world gold producer," said Guy Morissette, president of the company.

The Manic sedimentary basin covers an area of 25 sq. km. (GM37017) and the main zone of interest has an area of 2.5-3 sq. km. Seven samples taken by Groupe SES (6 channel and 1 grab samples) were collected in one of the most radioactive zone. Grades were from 53 to 2,463 ppm U, averaging 868 ppm U (0.0868%).

Groupe SES has compared the Manic occurrence to the geological model of the Arthabaska basin. Another sedimentary basin of the Sakami Formation is found north of the La Grande area. At about 150 kilometres north of the La Grande reservoir, Strathmore Minerals Corp owns the Dieter Lake uranium project. A 2005 reserve calculation gave 24.4 million pounds U3O8 at an average grade of 0,057% U (with a cut grade of 200 ppm U). (Press release November 29, 2006 and NI 43-101 report).

The company has acquired the property from a group of two independent prospectors in consideration of a cash payment of $5,000 and the issuance of 500,000 shares of the company. The company has the obligation to fund an initial $50,000 exploration program before the end of 2007. If the company can confirm the results of Groupe SES, then the company must pay and additional $50,000 to the prospectors and issue and additional 250,000 shares.

The company is currently planning an initial exploration program consisting in geological, geophysical (Mag and VLF), radiometric and geochemical surveys and channel sampling on the property. Results are expected at the end of October. The exploration program is supervised by Gilles Laverdiere, geologist and qualified person under NI 43-101. The property is outside the Hydro Quebec flood zones.

This press release has been reviewed and approved by Gilles Laverdiere, geologist and qualified person under NI 43-101.

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