Mr. Nick Horsley reports

VAULT STRATEGIC MINING CORP ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Vault Strategic Mining Corp. has arranged a non-brokered private placement of up to two million units at a price of 25 cents per unit for gross proceeds of up to $500,000.

Each unit will comprise one common share and one-half of one transferable common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share of the company at an exercise price of 35 cents per share for a period of 12 months from the date of issuance, subject to final approval of the TSX Venture Exchange.

The net proceeds from the private placement will be allocated toward exploration activities and for general corporate purposes. In accordance with the policies of the TSX-V, the company may pay finders' fees in connection with the private placement. All securities issued pursuant to the private placement will be subject to a hold period of four months and one day as required under applicable securities legislation.

The warrants have an acceleration provision, which provides that in the event that after four months and one day after the warrants are issued, the weighted average daily trading price of the shares on the Canadian Securities Exchange, or such other market as the shares may trade from time to time, is or exceeds 60 cents for any five consecutive trading days, the company may provide notice, whether by written notice or the issuance of a news release to the warrant holder that the expiry date of the warrants has been accelerated and that warrants not exercised within 30 days of the date of the acceleration notice will expire 30 days from the date of the acceleration notice.

Any participation by insiders of the company in the private placement will constitute a related party transaction as defined in Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). The company intends to rely on exemptions from the formal valuation and minority approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that neither the fair market value of the securities to be issued under the private placement nor the consideration to be paid by insiders of the company will exceed 25 per cent of the company's market capitalization.

We seek Safe Harbor.