Vantex Resources Ltd.

Vantex Resources Ltd.

March 12, 2009 07:58 ET

Vantex Initiates Drilling on Galloway

LA PRAIRIE, QUEBEC--(Marketwire - March 12, 2009) - The management of Vantex Resources Ltd (TSX VENTURE:VTX) announces the start of the first drilling program on the Galloway project located in Dasserat Township, less than 30 kilometres from the Rouyn-Noranda mining district in the Abitibi. This program, which is scheduled for a minimum of 1,000 metres, will have the objective of confirming historical results obtained in the 80's and 90's by Kerr Addison, Minnova and Silver Century over the Galloway-Pitchvein showing. According to Vantex' interpretation of those data, the potential for an open pittable resource on this showing can be qualified as excellent, having been traced over almost 1,200 meters (1.2km) laterally, down to almost 1,000 meters vertically and over widths of up to 396 meters along the hole. (see press release dated March 9, 2009).

As example, drill Hole KOD86-01, located on the Perron block, approximately 900 metres to the SSW of the Galloway shaft, cut the auriferous structure over a core length of 395.8 meters and returned an average grade of 0.75 g/t Au (Kerr Addison internal report). This section includes 1.23 g/t au over 67.67 m and 1.34 g/t Au over 42.98 m. Some 200 metres to the west, drill hole KOD86-4 intersected the same structure which returned 1.0 g/t Au over 53.64 metres (Kerr Addison internal report) while hole KHD87-7 gave 1.1 g/t Au over close to 87 metres (GM 46760). Drill hole KHD-24 returned 0.7 g/t Au over 133.5 metres (GM 49129) and hole 93-H-5, located approximately 120 metres to the north of the Galloway shaft, gave 1.03 g/t Au over 100.55 metres (GM 53650).

Found within a syenite porphyry, the Galloway-Pitchvein showing is located along ENE striking faults originating from the Cadillac-Larder Lake deformation zone. Anomalous gold values are returned from lithologies such as acid and basic tuffs, feldspath porphyries, basic dykes and andesites. Pyrite, chalcopyrite and molybdenite mineralization were observed. The latter is directly related to ductile shear zones hosting quartz-carbonate veins.

Mr J. Theberge, consulting geologist and qualified person as per NI 43-101, will supervise the drilling program. All samples will be prepared and assayed at Laboratoire Expert of Rouyn-Noranda. A QA/QC program, utilizing blanks and standards, will be implemented. The management of Vantex is extremely confident that the upcoming results will confirm the historical data by this program. In addition, the company wishes to fast track the exploration of the project by raising necessary funds to finance a minimum of 20,000 metres of drilling to be completed in 2009.

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