Vast Exploration Inc.
TSX VENTURE : VST

Vast Exploration Inc.

August 17, 2005 10:39 ET

Vast Exploration Inc. Receives Metis Support

CALGARY, ALBERTA--(CCNMatthews - Aug. 17, 2005) -

Unanimous Approval for Resolution at General Meeting

Vast Exploration Inc. (TSX VENTURE:VST) is pleased to report that at the duly constituted open monthly General Meeting of the Paddle Prairie Metis Settlement held on August 15th, 2005, a resolution of support for the joint venture between the settlement and Calver Resources Inc. was unanimously approved. The resolution directs the Paddle Prairie Council to negotiate the final terms of a Master Development Agreement exclusively with Calver in contemplation of a joint drilling program to capture undeveloped gas reserves on the settlement. Calver Resources Inc. is a wholly owned subsidiary of Vast Exploration Inc.

The Paddle Prairie Metis Settlement opportunity will provide Vast with a share of an extensive inventory of shallow Bluesky development gaswells in the established Boyer gas field in Northern Alberta. Initial discussions with Nova Gas Transmission Ltd. (NGTL) indicate that transportation service would be available this winter on the lateral that crosses the settlement. Directly offsetting the un-drilled settlement lands are over 1500 wells currently producing in excess of 85 million standard cubic feet per day. These wells are currently operated by EnCana, Husky Oil and PennWest and since 1977 they have produced a cumulative amount of gas exceeding 0.5 trillion standard cubic feet.

Vast Exploration Inc. (www.vastexploration.com) has 25,000 acres of undeveloped land throughout Western Canada; the above mentioned joint venture with the aboriginal Paddle Prairie Settlement in Boyer, Alberta; an extensive earning agreement with Devon in SW Saskatchewan; and two Coal Bed Methane (CBM) plays: one in central Alberta, the other in the Black Warrior Basin in Alabama. The company trades on the TSX Venture exchange under the symbol VST.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".

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

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