Vantex Resources Ltd.
TSX VENTURE : VAX

Vantex Resources Ltd.

December 29, 2010 16:01 ET

Vantex Shareholders Approve the 3 Propositions Submitted at the Special Shareholders Meeting

LA PRAIRIE, QUEBEC--(Marketwire - Dec. 29, 2010) - Vantex Resources (TSX VENTURE:VAX) management is pleased to announce that Company shareholders approved all 3 propositions submitted by management at the Special shareholders meeting that was held on December 23.

For the proposition regarding the implementation of a Shareholder rights plan (poison pill), 69.9 % of the votes cast were in favor of the proposition;

For the proposition regarding the modification to the Stock option plan that increases to 7,400,000 the maximum number of shares that can be issued within the Plan, 65.8 % of the arm's length votes cast were in favor of the proposition;

For the proposition for the plan of arrangement regarding the sale of the Santa Anna property and distribution of 90.1 % of the Animiki Resources shares received (3,378,750 shares), to Vantex shareholders, 70.2 % of the votes cast were in favor of the proposition.

The approval of the modification to the stock option plan validates the 3,800,000 stock option grant at $0.25 that was announced on November 4, subject to the final approval of the TSX Venture exchange.

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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