Vantex Resources Ltd.

Vantex Resources Ltd.

October 26, 2015 16:00 ET

Vantex Appoints New CEO

LA PRAIRIE, QUÉBEC--(Marketwired - Nov. 9, 2015) - The board of directors of Vantex Resources Ltd. (TSX VENTURE:VAX)(FRANKFURT:UD7A)(ALP:VAX) wishes to announce the following corporate changes. Mr. Gilles Laverdière was appointed as new CEO of Vantex following the resignation of Mr. Guy Morissette.

Gilles Laverdiere is a consulting geologist to exploration mining companies, since 2013. From 2011 to 2013, he was senior consulting geologist for Merrex Gold Inc. where he was in charge in developing a gold project in Mali within a joint-venture with Iamgold Inc. From 2006 to 2010, he was a consulting geologist in charge of planning and supervising drilling projects in Northwestern Quebec and writing 43-101 geological reports. From 1998 to 2006, he was CEO of HMZ Metals Inc. where he acquired mining assets in China and listed the Company through an IPO on the TSX. From 1985 to 1997, he has been part of senior management and on the Board of many public mining companies where he evaluated mining prospects, negotiated and structured financing for various mining companies in Canada, the Philippines, Brazil, Nevada. From 1978 to 1984, he was a geologist with a focus on gold exploration in Northwestern Quebec.

Wayne Carlon as VP Business Development (October 20) and Denis Tremblay as CFO and Corporate Secretary (effective October 31) also submitted their resignations. The board of directors of Vantex wants to thank them and Guy Morissette for many years of loyal services and wishes them the best in their future endeavors.

Exploration update

Vantex has completed a MMI soil geochem survey over the Morriss and Hurd showings on the Galloway property. A strong bulleyes gold anomaly was detected over the Morriss showing and another one was detected about 600 metres to the north. Since the MMI geochem survey method seems to unveal buried gold deposits on the property, the company has decided to extend the survey on the project. On the Hurd showing, two generally north-south striking gold anomalies were outlined. One of them is related to the gold intersection in hole VDH-12-59 which intersected 2.68 g/t Au over 9.0 metres. The other gold anomaly remains to be tested by drilling.

Gilles Laverdière, P. Geo., is the Qualified Person as defined under NI 43-101 who has reviewed and is responsible for the technical information presented in this news release.

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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