Vantex Resources Ltd.

Vantex Resources Ltd.

May 12, 2011 09:00 ET

Vantex Hires SRK Consulting

LA PRAIRIE, QUEBEC--(Marketwire - May 12, 2011) - The management of Vantex Resources Ltd. (TSX VENTURE:VAX)(FRANKFURT:UD7A)(ALPHA:VAX) is pleased to announce the hiring of SRK Consulting (Canada) Inc. (« SRK »). SRK will produce a first 43-101 mineral resource estimate for the GP showing (Galloway project) located in the Dasserat township near Rouyn-Noranda. The works will be performed by the Toronto SRK office, under the supervision of Dr. Jean-François Couture, P. Geo.

SRK is an international consulting firm that employs more than 1,000 professionals in 40 offices across 6 continents. The SRK Group offers different specialized consulting services in mining engineering. The independence of the group is guaranteed by the fact that SRK is privately owned by its employees and that it does not own any financial interest in the projects they are associated with. This enables SRK to provide objective and conflict-free solutions. SRK specializes in the realisation of independent mandates for mineral resource and reserve estimate, the evaluation and due diligence of mining projects, technical report preparation and bankable feasibility studies for mining companies and financial institutions across the world.

The management is pleased to have come to an agreement with SRK Consulting in order to proceed with this first gold resource estimate of the GP showing. The conclusions and recommendations of this study should be available near the end of August 2011.

"We are very pleased to have come to an agreement with SRK. This firm is recognized around the world and together, we hope to have a better understanding of this important gold area comprising the GP, Hendrick and Moriss showings. This first resource estimate will focus strictly on the GP showing, in an area 300 metres in length. The number of drill holes completed in the east extension of the GP showing is not yet sufficient to be included in this first evaluation. As for the Hendrick zone, located 500 metres in the south-west extension of the GP showing, we will need to do many more drilling to connect these two zones." commented Guy Morissette, CEO of the Company.

Galloway Project

The Galloway project is located 30 kilometres West of the Rouyn-Noranda mining camp (more than 19 million ounces of gold produced) and 25 kilometres east of the former Kerr Addison mine that produced more than 10 million ounces of gold. The Galloway project comprises 101 mining claims and cells as well as 3 mining concessions covering a total area of 2,700 hectares.

Many gold showings are known on this property, namely the GP, Hendrick and Moriss showings. The Hendrick and GP showings offer a potential of large mineral volume with low grades while the Moriss showing presents a potential for high grade exploitation (see previous press releases). Many more showings were documented on the project namely the Soaker Hill, Renault Bay, Hurd and de l'Île showings. Copper showings are also known on the Sandborn block, located in the east portion of the project.

The Company is currently completing a 3,000-meter drilling program on the Moriss showing. Some drill holes will also target structural targets during this program.

The works are done under the supervision of Mr. Daniel Kelly, geological engineer and Qualified Person under the 43-101 guidelines.

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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