Vector Resources Inc.
TSX VENTURE : VCR.P

July 24, 2012 17:11 ET

Vector Resources Inc. (VCR.P) Announces Cancellation of Director Stock Options and Re-Issuance of Consultant Options

TORONTO, ONTARIO--(Marketwire - July 24, 2012) - Vector Resources Inc. (TSX VENTURE:VCR.P) ("Vector") announces that pursuant to the terms and conditions of its stock option plan and a letter of partial surrender of options received by Vector from its four Directors, Vector has cancelled in the aggregate, 50,000 incentive stock options to purchase Common Shares of Vector on July 20th, 2012 and will reissue 50,000 incentive stock options to purchase Common Shares of Vector exercisable at a price of $0.25 each to a Consultant, Douglas Purcell in recognition of his previous assistance in reviewing potential targets for a Qualifying Transaction. Such incentive stock options shall have a term of twelve months commencing from the date of this announcement.

Darryl Levitt, President & Chief Executive Officer

VECTOR RESOURCES INC.

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