Vantex Resources Ltd.

Vantex Resources Ltd.

July 10, 2007 13:01 ET

Vantex Identifies Three New Gold Zones on Guillet

LA PRAIRIE, QUEBEC--(Marketwire - July 10, 2007) - The management of Vantex Resources Ltd (TSX VENTURE:VTX) is pleased to announce the discovery of three new gold zones on its Guillet property. These new showings were discovered during the last drilling program that was carried out between the fall of 2006 and June 2007.

The drilling program consisted of 41 holes totalling 6,480 metres. This program was mainly aimed at testing geophysical targets to the west and north of the Lake Expense deposit. The new gold prospect were all found to the north of Lake Expense within a corridor of mineralization hosting sulphides (pyrite, pyrrhotite, chalcopyrite and spalerite) and smoky quartz veins related to sheared breccias.

Zone 190 (drill hole LE06-190), which is found approximately 400 metres to the north of Lake Expense, returned 4.39 g/t Au over 2.4 metres (core length), while showing 215 (drill holes LE07-215), located some 1.4 kilometres to the north of Lake Expenses, gave 2.32 g/t Au over 6.5 metres (core length), including 13.16 g/t Au over 1 metre (core length).

The Kelly showing (drill hole LE07-206), located some 850 metres to the north of Lake Expense (see press release dated February 27, 2007), also returned significant gold results (62 g/t Au over 3.3 metres, core length). Unfortunately, three other drill holes completed in the surroundings failed to return any significant value.

Along the north-west extension of Lake Expense, drill hole LE06-201 returned a value of 1.85 g/t Au over 2.8 metres, including 10.95 g/t Au over 0.3 metres (core length). This drill hole confirms the north-western extension of the Lake Expense mineralization. More drilling will be performed along that axis to verify the economic potential of that extension.

A few other drill holes also retraced zinc anomalies in the northern and western portion of the Guillet property while others did not returned any significant mineralization.

"We are quite happy with the results of our last drilling program. We were able to outline new gold as well as zinc showings hence demonstrating the potential of the Guillet property for new discoveries. A stripping and sampling program is actually underway around the recently discovered indices" to mention the executive president Mr Guy Morissette.

Samples were prepared and assayed at Laboratoire Expert of Rouyn-Noranda. Core is stored at the company's facility in Belleterre. Current and past programs are being supervised by qualified person Daniel Kelly (pro. Ing.) and consultant to Vantex.

Ongoing programs

The company initiated a stripping and sampling program in the vicinity of drill holes 190 and 215 in order to verify if the mineralization intersected in drilling can be traced at surface. Another drilling program is forecast for the summer. The latter will be aimed at verifying geophysical anomalies located in the eastern portion of the Guillet property (Mag and EM16)

The company also initiated stripping and sampling programs on the Patica and Pinaca blocks of the Monsieur F project located some 75 km to the south of the town of Radisson. These two blocks offer exploration potential for both base and precious metals. The company would like to carry out drilling on this project before the end of the summer, depending of drill rig availability.

Mr. Daniel Kelly, engineer, qualified person under NI43-101 and consultant for the company, reviewed and approved the present press release.

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

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