Mr. Guy Morissette reports

VANTEX RAISES $1,640,000 IN COMMON SHARE UNITS AND FLOW-THROUGH UNITS

Vantex Resources Ltd. has completed a $1.64-million brokered financing.

The company sold 732 flow-through units at a purchase price of $1,250 per FT unit, for a total amount of $915,000. Each FT unit consists of 4,000 flow-through common shares and 1,000 common shares at a price of 25 cents per share.

Proceeds of the FT units will be used for the continuation of exploration of the Galloway property in Quebec. The expenses will constitute Canadian exploration expenses and flow-through mining expenditures (as defined in the Income Tax Act (Canada)), which can be renounced to purchasers for the 2010 taxation year.

The company also sold 725 common share units at a purchase price of $1,000 per CS unit, for a total amount of $725,000. Each CS unit consists of 5,000 common shares at a price of 20 cents per share and 2,500 common share purchase warrants. Each whole warrant will entitle the holder to purchase one additional common share in the capital of the company for a period of 12 months from the date of issuance, at a purchase price of 25 cents per share. These funds will be allocated for general working capital purposes.

In connection with the private placement, Jones Gable & Company Ltd. will receive a cash commission of $161,000, as well as 292,800 agents' warrants. Each agent's warrant shall be exercisable into one common share at a price of 25 cents for a period of 16 months from the closing date.

Following this financing, Robert McEwen now owns more than 10 per cent of the issued shares of Vantex.

The securities issued as part of these placements are subject to a minimum hold period of four months and one day, and subject to the approval of the TSX Venture Exchange.

We seek Safe Harbor.