Vantex Resources Ltd.

Vantex Resources Ltd.

June 17, 2011 18:19 ET

Vantex Modifies Stock Option Plan and Grants Options

LA PRAIRIE, QUEBEC--(Marketwire - June 17, 2011) - Vantex (TSX VENTURE:VAX) board of directors approved modifications to the Company's Stock Option Plan. The new Plan will now reserve 10,300,000 common shares of the Company for option purposes, compared to 7,400,000 shares for the previous Plan. The options are available for officers, directors, employees and consultants of the Company and account for less than 20 % of the Company's outstanding shares. This modification is subject to the approval of the TSX Venture Exchange and the approval of Vantex arm's length shareholders at the next Annual meeting of shareholders.

In addition, under the new stock option plan, departing option holders will be able to keep their stock options for a period of 12 months before they expire. The previous expiration delay was 60 days following departure. This modification is subject to the approval of the TSX Venture Exchange.

The Board of directors also approved the grant of 675,000 stock options at a price of $0.22 valid for 5 years. This grant is done within the previous stock option plan.

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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