Vantex Resources Ltd.

Vantex Resources Ltd.

December 20, 2011 09:15 ET

Vantex Appoints Jean-Pierre Colin as New President and Director and Andre Brosseau as Director

LA PRAIRIE, QUEBEC--(Marketwire - Dec. 20, 2011) - The management of Vantex Resources Ltd. (TSX VENTURE:VAX)(FRANKFURT:UD7A)(ALPHA:VAX) is pleased to announce the appointment of MM. Jean-Pierre Colin and André Brosseau to the Company's Board of Directors. Mr. Colin will also act as Vantex new President and will be based in Toronto.

"We are very excited that Jean-Pierre Colin and André Brosseau have chosen to join Vantex. Their combined expertise in investment banking and the mining industry will be a valuable asset for Vantex shareholders," said Mr. Guy Morissette, CEO of Vantex.

From 1980 to 2010, Mr. Colin was an investment banker responsible for corporate finance and M&A and, as such, has advised and helped to finance many Canadian mining exploration and production companies and has helped to advance numerous mines into production.

Mr. Colin was formerly Director and Head of Corporate Finance at Octagon Capital Corporation, an investment banker with Desjardins Securities Inc., Executive Vice-President of Deacon Capital Corporation, and Senior Vice President of Richardson Greenshields of Canada Limited.

Mr. Colin was the founder of JP Colin Securities Inc., a securities dealer providing corporate finance services to numerous junior public mining companies. He is the former Faculty of Arts Co-Chair of the Waterloo Advisory Council of the University of Waterloo, founder and President of Caratax Management Ltd., a manager of public flow-through share limited partnerships, and a founder and director of NIM Management Ltd.

Mr. Colin is also a director of Premier Gold Mines Ltd., Valterra Resource Corp., Southern Silver Exploration Corp. and Global Cobalt Corp. (Puget Ventures). Mr. Colin is a Member of the Bar of the Province of Quebec and holds a Master of Business Administration from the University of Western Ontario, a Civil Law Degree from the University of Ottawa and a Certificate in Comparative Law from the University of Manitoba.

Mr. Brosseau is CEO and COO of Avenue Capital Markets Inc., an exempt market dealer founded in 2010 with offices in Montreal and New-York. He is also a Director of Midas Medici Inc., a holding company specializing in acquiring and merging IT related companies with operations in New York, North Carolina, Europe and Brazil. He's on the Board of CIMCORP, wholly owned by Midas Medici, an IT company based in Sao Paulo Brazil. Mr. Brosseau is a Director of Aptilon Inc., a web based business solution company specializing in the US healthcare sector and he is also a director of Odesia Inc.. He also serves as the Co-Chair of The Company Theatre, a not-for-profit organization located in Toronto and member of the steering committee of Notman House. Mr. Brosseau holds a Bachelor's Degree (BA) in Science (Political and Economics) and a Master's Degree in Science (Political Science) from the Université de Montréal.

Mr. Brosseau was President of Blackmont Capital in Toronto until June 2009 and Chairman Quebec Capital Markets until May 2010. For 12 years Mr. Brosseau was with CIBC in different capacities mostly based in Toronto, most recently as Managing Director, Head of Cash Equities and Co-Head of Global Cash Equities at CIBC World Markets where he was involved in some of the most important capital market transactions in Canada.

Mr. Brosseau will head Vantex audit and compensation committees.

Following their appointment, Mr. Colin received 1,000,000 stock options and Mr. Brosseau 500,000 stock options. These options are priced at $0.10 and are valid for a period of 5 years. This grant is subject to the approval of Vantex increased stock option plan, by arm's length shareholders at the next Annual Meeting of Shareholders. None of these options will be exercisable until such approval is obtained.

The Company also announces the resignation of MM. Gilles Laverdière and Richard David from the Board of Directors. The Company would like to thank MM. Laverdière and David for their contribution to the Board. The Company wishes them success in their future endeavours.

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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