Vecta Energy Corporation
TSX VENTURE : VER

March 24, 2011 11:15 ET

Vecta Energy Corporation Announces Extension of Secured Loans

CALGARY, ALBERTA--(Marketwire - March 24, 2011) - Vecta Energy Corporation (TSX VENTURE:VER) ("Vecta" or the "Company") is pleased to announce that the secured loan holders have agreed to extend the maturity date of the secured loan from April 1, 2011 to April 30, 2011. This extension is to allow additional time for Vecta to complete the financing and other requirements pertaining to the joint venture agreement, entered into March 8, 2011. Closing of the Joint Venture Agreement is expected to occur on or about March 31, 2011, with an extension available until April 29, 2011.

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This news release contains forward-looking statements relating to the Company's plans and other aspects of the Company's anticipated future operations, strategies, financial and operating results and business opportunities. Forward-looking statements typically use words such as "anticipate", "believe", "project", "expect", "plan", "intent" or similar words suggesting future outcomes, statements that actions, events or conditions "may", "would", "could" or "will" be taken or occur in the future, or consists of statements regarding estimates of future production, operating costs or other expectations, beliefs, plans, objectives, assumptions or statements about future events or performance. Statements regarding reserves are also forward-looking statements, as they reflect estimates as to the expectation that the deposits can be economically exploited in the future.

Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements and you should not unduly rely on forward-looking statements. The forward-looking statements contained in this news release are made as the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

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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