Vantex Resources Ltd.

Vantex Resources Ltd.

November 16, 2010 16:50 ET

Vantex Hires Allyson Taylor Partners Inc. as Investor Relations Consultant

LA PRAIRIE, QUEBEC--(Marketwire - Nov. 16, 2010) - Vantex Resources Ltd. (the "Company" or "Vantex")(TSX VENTURE:VAX) has retained Allyson Taylor Partners Inc. (ATP) as its investor relations consultant. The Company carefully selected ATP to help increase its exposure to institutional and retail investors throughout North America and Europe. The agreement with ATP is for a 6-month term and may be terminated on a 60-day notice. ATP will be paid a monthly fee of $10,000 plus all preapproved expenses. The board has granted ATP 400,000 stock options priced at $0.25 per share, expiring in two years. The stock options will vest on a quarterly basis. In accordance with the company's stock option plan and TSX Venture Exchange Policy 4.4, these options will expire 30 days following the termination date.

This appointment is subject to the approval of the TSX Venture Exchange.

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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