Vast Exploration Inc.
TSX VENTURE : VST

Vast Exploration Inc.

December 13, 2010 07:00 ET

Vast Exploration Inc.- Drilling Update

CALGARY, ALBERTA--(Marketwire - Dec. 13, 2010) - Vast Exploration Inc. ("Vast" or the "Company") (TSX VENTURE:VST) is pleased to provide the following update on the drilling progress of the Qara Dagh - 1 Exploration Well.

The Company has recently successfully installed an 11 3/4 inch intermediate casing string cemented to 2,100 meters. As previously reported, this was deemed necessary to deal with the unexpected thick and unstable Tertiary formation. Drilling operations have resumed and the immediate go forward program is to continue drilling to the next casing point, which is expected to be at the top of the first prospective Cretaceous formation. The Cretaceous formations are the primary drilling target of this well and comprised of three potential reservoirs with the uppermost being the Shiranish followed by the Kometan and Qamchuga formations. The Company does not believe that the instability issues encountered previously will persist once the well enters the potential Cretaceous reservoirs.

About Vast Exploration

Vast Exploration Inc. is an independent oil and gas company. Vast is focused on the exploration and development of its principal asset, the Qara Dagh Block, in the Kurdistan region of Iraq. The Qara Dagh Block lies on trend with existing discoveries and is located in the prolific Zagros Fold Belt of Northern Iraq, which contains several large fields including the super-giant Kirkuk field.

Regulatory Statements

This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the drill progam, the estimated resource assessment, the prospective nature of the Block, exploration and development plans and projected expenses and timetable, receipt of government approvals, and relationships with other companies who hold an interest in the Qara Dagh block. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. For a description of some of such risks, please see the Company's annual information form filed under the profile of the Company on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE 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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