Vantex Resources Ltd.
TSX VENTURE : VTX

Vantex Resources Ltd.

January 16, 2006 14:00 ET

Vantex Updates on Guillet Exploration

LA PRAIRIE, QUEBEC--(CCNMatthews - Jan. 16, 2006) - The management of Vantex (TSX VENTURE:VTX) wishes to update shareholders on the latest exploration works on the Guillet property, in Temiscamingue, Quebec.

Lake Expanse showing, Guillet property

The Company completed 1,000 metres of drilling on the Lake Expanse showing in order to test the in depth extension of the A, AB and C zones. The important gold structure was intersected on more than 140 metres vertically on widths between 3 and 8 metres, along the hole. This shows good in depth continuity. The drill core samples will be assayed at Laboratoire Expert Inc. and results should be available in the coming weeks.

In conjunction with the drilling, the company continued its bulk sampling program and intends to start extracting ore in the coming weeks. The initial excavation works were used to prepare the access ramp to the gold mineralisation as well as the removal of the sterile overburden.

Management plans to complete the bulk sample, estimated between 30,000 and 50,000 metric tons, in the next few months. The ore should be treated, given availability, in a plant located in Val D'Or, early next Spring. This bulk sampling program will give the Company a better evaluation of extraction costs for an eventual open pit operation and also transportation and ore treatment costs for the recovered gold. This program will also improve the comprehension of the gold zones behaviour under the surface. The initial phase of the project, namely the preparation of the access ramp with the removal of the overburden, costs less than $6 per metric ton.

The works were performed under the supervision of Mr. Daniel Kelly, independent consulting engineer.

Frontiere and Jolette showings.

Located respectively 1 kilometre West and North West of the Lake Expanse showing, the Company completed 1,000 metres of drilling on these two exploration targets. The twelve drill holes on these two showings did not return significant results.

Management intends to continue exploration on the Guillet property and will test two other targets located North of the lac Guillet, 1.5 kilometre North of the Lake Expanse showing. These showings were previously drilled lightly and they had intersected interesting gold values. Next Spring, the Company will start striping and sampling the zone and drilling will follow.

Heva Project

In collaboration with Stellar Pacific Ventures (SPX), the management of Vantex is also evaluating the possibility to rehabilitate the site of the former Heva mine, located in the Joannes township, near Rouyn-Noranda.

Stellar completed an initial drilling program last fall that confirmed past gold values resulting of works done in the 1980's. The rehabilitation would require to pump out waters from the top levels, the evaluation of the underground infrastructures as well as the sampling of the gold zones accessible by the existing galleries. A decision should be taken before next Spring.


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

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