Vantex Resources Ltd.

Vantex Resources Ltd.

November 14, 2006 10:20 ET

Vantex Announces High Grade Channel Sampling Results From the St Pierre Project, Kuujjuak Area

LA PRAIRIE, QUEBEC--(CCNMatthews - Nov. 14, 2006) - The management of Vantex Resources Ltd (TSX VENTURE:VTX) is pleased to announce surface sampling results from the St-Pierre property, located 70 kilometres West of Kuujjuaq, in the Ungava peninsula, Northern Quebec.

This 100 % Vantex owned property is host to a polymetallic showing containing gold, silver, copper, zinc and lead. The channel sampling performed on the main mineralized zone returned the following grades :

No Width Au Ag Cu Zn Pb
(metre) gr/mt (oz) gr/tm (oz) % % %

66258 0.70 0.546 5.4 0.12 0.02 0.01
66260 0.50 61.78 (1.99 oz) 139.8 (4.5 oz) 3.86 7.67 5.85
66261 0.75 0.584 25.1 0.88 0.49 0.47
66263 0.90 25.18 (0.81 oz) 278.4 (8.95 oz) 2.48 9.61 9.76
66264 0.40 0.652 4.5 0.09 0.36 0.27

Samples grading more than 500 ppb were re-assayed with the Metallic Sieve
method with the following results :

No Width Au
(metre) gr/tm

66258 0.70 0.84
66260 0.50 24.14
66261 0.75 2.61
66263 0.90 40.04
66264 0.45 3.07

These new results show a strong nugget effect in the mineralized zone as well as a clear grade increase for the lower gold grades. These grades were obtained within a mineralized alteration zone of unknown length and width. These spectacular grades show the mining potential of this new acquisition. This data was extracted in October 2006 and confirm previous results obtained from the Ministere des Ressources Naturelles du Quebec in the eighties (1980).

"It seems evident that the St-Pierre property offers real potential for surface and in-depth exploration. These surface channel samplings are very rich in gold, silver, copper, zinc and lead and provides us with the opportunity to start, as soon as possible, an extensive exploration program in this area " declared Mr. Guy R. Morissette, CEO of the Company.

Additional samples coming from outside the mineralized zone returned non-significant grades.

The St-Pierre property is located 70 kilometres west of Kuujuuaq, in Northern Quebec and comprises 12 cells covering an area of 600 hectares.

These works were done under the supervision of Mr. Pierre O'Dowd, geologist and Qualified Person under NI 43-101. The assays were performed at Laboratoire Expert Inc., of Rouyn-Noranda. Samples were fire-assayed and verified by gravimetric method. Samples greater than 500 ppb Au were assayed with the Metallic Sieve method. Standrads as well as blanks were also used in order to verify quality control of the lab.

This press release was approved by Mr. Pierre O'Dowd.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information