Vantex Resources Ltd.

Vantex Resources Ltd.

May 01, 2012 12:42 ET

Vantex Announces Shareholder Meeting Vote Results

LA PRAIRIE, QUEBEC--(Marketwire - May 1, 2012) - The management of Vantex Resources Ltd. (TSX VENTURE:VAX)(FRANKFURT:UD7A)(ALPHA:VAX) announces that shareholders approved 2 of the 3 proposals that were submitted by management at the Special Annual General Meeting of Shareholders that was held on April 30, 2012.

The proposals concerning the Appointment of the Directors and Auditor were approved while the proposal to change the stock option plan to enable the issuance of 10,300,000 common shares of Vantex, was not approved by a majority of shareholders.

Following the rejection of the proposal regarding the increase of the stock option plan, the stock options that were awarded on November 28, 2011 (450,000 options at $0.12) as well as December 20, 2011 (1,500,000 at $0.10) were canceled.

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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