Vantex Resources Ltd.

Vantex Resources Ltd.

December 29, 2006 11:16 ET

Vantex Completes a $150,000 Flow-Through Financing

LA PRAIRIE, QUEBEC--(CCNMatthews - Dec. 29, 2006) - Vantex Resources Ltd. (TSX VENTURE:VTX) announces the closing of a $150,000 non-brokered financing. The Company will issue a total of 666,666 flow-through shares and 166,667 common shares of the Company at a price of $0.18 per share and a total of 416,667 warrants. Each warrant is valid for the purchase of one additional share of the Company at a price of $0.22. The warrants will be exercisable for two years after the closing. These shares are subject to a 4-month minimum hold period. 2 insiders participated to this private placement.

In connection with the private placement, a cash commission was paid out to Francois Simard, a non-related party, for an amount of $3,000.

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

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