Vantex Resources Ltd.
TSX VENTURE : VAX

Vantex Resources Ltd.

November 30, 2010 09:00 ET

Vantex Intersects 1.39 g/t Au Over 15 Metres on Galloway

LA PRAIRIE, QUEBEC--(Marketwire - Nov. 30, 2010) - Vantex Resources Ltd. (TSX VENTURE:VAX) (« Vantex ») is pleased to announce an intersection of 1.39 g/t Au over 15 meters in drill hole VHD10-34, located in the GP zone ( Galloway-Pitchvein ), along the hole. This same drill hole cut another zone over 22.50 meters grading .783 g/t Au, along the hole.

Drill results:

Galloway-Pitchvein Area         
     
Drill hole Zone   Intersection   Width*   Grade
      (meters ) (meters ) g/t Au
               
VHD10-34 GP   19.50 - 34.50   15.00   1.394
               
And     217.50 - 240.00   22.50   0.783
               
VHD10-22** GP   313.50 - 339.00   25.50   0.758
               
* Width along the hole
 
** This drill hole was completed in 2009 and stopped at a depth of 250 meters ( See December 9, 2009 press release ). Vantex resumed the hole and drilled down to 400 meters to test its in-depth extension.
       
       
       
Moriss Area (metallic sieves assays)      
                   
Drill hole Zone Intersection   Width   Grade   Grade*
(g/t Au)
Grade
**
    (metres ) (metres ) (g/t Au ) Metallic
sieves
g/t Ag
                   
VPE10-11 Moriss 84.00 - 89.50   5.50   18.18   19.06 ---
Including   84.50 - 85.50   1.50   14.50   18.29 1.9
    85.50 - 87.00   1.50   48.17   48.65 4.4
    87.00 - 88.00   1.00   3.81   2.60 ---
    88.00 - 89.00   1.00   1.44   1.22 ---
                   
And   100.50 - 102.00   1.50   30.99   29.68 2.9
    102.00 - 103.50   1.50   1.30   32.42** 4.1
    103.50 - 105.00   1.50   22.22   0.66** 0.20
    105.00 - 106.50   1.50   1.23   1.32 0.50
*Grades confirmed by metallic sieves (total assays)
 
** Following a handling error from the lab, these two samples were inverted during the initial assay. The metallic sieves assays confirm the real grades of these samples.

The geophysics surveys on the Moriss zone, including IP and Mag, should be completed shortly.

Soaker Hill Area 

The three holes completed on the Soaker Hill area, north of the Galloway zone, did not return any significant values.

Works in progress

Drill hole VPE10-15 that takes place on the Hendrick zone, is now down to 700 metres and is still intersecting mineralized zones in pyrite and chalcopyrite. The drill hole will be completed at 800 metres deep, along the hole. Results will be announced as soon as they are available. This hole is located 500 metres south-west of the GP zone and 400 metres south of the Moriss zone.

More than 4,000 meters of drilling from the GP zone are being sent to the lab for assays. Results will be announced as soon as possible.

The works are under the supervision of Mr. Jeannot Théberge, geologist and Qualified Person under NI 43-101. This press release was read and approved by Mr. Théberge.

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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