Vast Exploration Inc.

Vast Exploration Inc.

March 04, 2005 17:16 ET

Vast Exploration Inc. Pushing to Drill Exploration Well


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: VAST EXPLORATION INC.

TSX VENTURE SYMBOL: VST

MARCH 4, 2005 - 17:16 ET

Vast Exploration Inc. Pushing to Drill Exploration Well

CALGARY, ALBERTA--(CCNMatthews - March 4, 2005) - Vast Exploration Inc.
(TSX VENTURE:VST) continues to actively search for a drilling rig to
test its shallow gas play at Dollard, Saskatchewan. A rig has moved into
the area and as the location is licensed and ready to go, the Company is
hoping for a drilling window in the next week to 10 days. In addition, a
major midstream company has recently constructed a gas gathering line
within 400 meters of the well-site and has invited industry to nominate
gas volumes for transport and sale. This will assist greatly in
supporting the economics of development if this first test well is
successful.

The Company has granted 425,000 options to officers, directors and
consultants of the Company to purchase common shares at $0.52 per share,
subject to regulatory approval.

Vast Exploration Inc. is a junior oil and gas exploration and production
company focused on growth through acquisition, development, and
exploration. It recently announced the acquisition of a private energy
company in Alberta and currently has the right to earn up to 1875
hectares of gas rights from Canyon Creek Resources Ltd. Vast also has a
50% working interest in an additional 908 hectares of land located in
the Dollard area of SW Saskatchewan with oil and gas rights that are
held for five years.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Vast Exploration Inc.
    Don Parker
    President & C.E.O.
    (403) 514-8051
    THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
    OR ACCURACY OF THIS RELEASE.