Vantex Resources Ltd.
TSX VENTURE : VTX

Vantex Resources Ltd.

February 20, 2008 08:00 ET

Vantex Resources Ltd.: Closing of the Agreement on the Heva Property

LA PRAIRIE, QUEBEC--(Marketwire - Feb. 20, 2008) - Management of Vantex Resources Ltd. (TSX VENTURE:VTX) is pleased to announce the closing of the agreement with Mines Aurizon Ltd. signed last September. According to the agreement, Mines Aurizon Ltd must pay $600,000 to Vantex no later than January 29, 2009.

A first payment of $150,000 to Vantex has already been paid. A second payment should be made in the next few days. Upon a positive feasibility study on the Joannes project (including the Heva property), Mines Aurizon will have to pay an amount of $500,000 as a royalty payment advance and $200,000 in shares of Mines Aurizon. If the Heva deposit is put in production, then Mines Aurizon will have to pay a second royalty payment advance and $250,000 in shares of Mines Aurizon.

Vantex retains a 1.5 % NSR royalty in the project. Mine Aurizon has the right to buy back half of this royalty for $500,000.

This press release has been reviewed and approved by Daniel Kelly, qualified person as per NI 43-101.

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

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