Vantex Resources Ltd.
TSX VENTURE : VAX

Vantex Resources Ltd.

January 24, 2011 10:35 ET

Vantex Receives $489,000 From Warrants Exercised

LA PRAIRIE, QUEBEC--(Marketwire - Jan. 24, 2011) - The management of Vantex Resources Ltd. (TSX VENTURE:VAX) would like to emphasize that the recent drop in its share price could mainly be attributed to previously issued warrants being exercised as well as the recent drop in the price of gold.

The previous rise in the share price that followed good drill results from the Moriss zone seems to have prompted investors to exercise their warrants. The Company received to date $489,000 from such warrants and broker warrants exercises.

« Most of the people who exercise their warrants tend to realize their gains quickly. This adds downward pressure to the share price. » stated Mr. Guy Morissette, CEO of the Company.

Moriss zone

15 drill holes were performed on the recently discovered Moriss zone. 11 of those drill holes returned significant gold intersections. The following highlights emerge:

    1. Many gold zones were intersected by drilling (up to 5 zones)
    2. Many IP anomalies correspond to the gold zones
    3. In-depth and lateral extensions remain open
    4. Easy access by secondary roads
    5. Proximity of the GP zone (open pit potential)
    6. Presence of silver in most of the drill holes
    7. Presence of visible gold in many areas (can create a nugget effect)
    8. Presence of IP anomalies that were not drilled yet, south of Moriss
    9. Gold zone known over a strike of more than 200 metres and 150 vertical metres down dip.

The Moriss, GP and Hendrick zones remain prime gold zones and we believe that they can be linked together given their relative proximity. » commented the Company's CEO, Mr. Guy Morissette.

SUMMARY OF PREVIOUSLY ANNOUNCED RESULTS FROM THE MORISS ZONE

Drill hole Zone Intersection Width(i) Grade Cut-off
    (metres) (metres) g/t Au 31.1 g/t Au
 
VPE10-02 Moriss 87.00-91.75 4.75 5.81  
  New 150.00-151.50 1.50 4.41  
  New 166.50-168.00 1.50 3.46  
VPE10-06(i) Moriss 97.50-108.00 10.50 4.55 4.55
Including   97.50-100.50 3.00 14.87 14.87
Including   97.50-106.50 9.10 5.18 5.18
Including   106.60-108.00 0.55 3.53  
VPE10-10(i) Moriss 101.00-106.35 5.35 11.60 10.59
Including   102.35-105.00 2.65 22.73 20.79
Including   102.35-103.00 0.65 39.26  
Including   103.00-104.00 1.00 27.43  
Including   104.00-105.00 1.00 7.360  
VPE10-11(i) North 84.00-106.00 22.50 8.21 7.08
Including   84.00-89.50 5.50 18.16 13.52
Including   84.00-87.00 3.00 31.33 22.80
And   100.00-106.50 6.00 13.93  
Including   100.50-102.00 1.50 30.99  
Including   102.00-103.50 1.50 1.25  
Including   103.50-105.00 1.50 22.22  
Including   105.00-106.50 1.50 1.245  
And Moriss 146.75-153.00 6.25 3.53  
VPE10-17 Moriss 106.3-112.20 5.9 5.06  
VPE10-18 North 48.00-57.00 9.0 7.97  
Including   48.00-51.00 3.0 22.69  
And Dyke 78.00-84.00 4.50 1.95  
And Moriss 120.0-127.5 7.50 0.70  
And New 174.0-177.0 3.00 1.72  
And New 192.0-193.5 1.5 2.97  
VPE10-19 Moriss 103.5-107.65 4.15 18.83  
Including   103.5-106.65 3.15 24.23  
And New 193.5-205.5 12.00 2.82  
Including   198.0-202.5 4.5 6.24  
VPE10-20 Moriss 119.0-127.0 8.0 0.93  
Including   119.0-120.6 1.6 2.69  
VPE10-21 North 124.5-135.0 10.50 1.85  
Including   126.0-133.5 7.5 2.35  
Including   126.0-129.0 3.0 3.07  
And Moriss 145.5-150.0 4.5 1.86  
VPE 10-22 New 154.5-156.0 1.5 1.32  
VPE 10-23 Moriss 54.0-57.0 3.0 16.32  
Including   55.0-56.5 1.5 32.63  
 
(i) Width along the hole

In addition, assays are pending for 3,000 metres of drilling from the GP zone.

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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