Mr. Anthony Jackson reports

FLOW-THROUGH FINANCING FOR $35,000 CLOSED AND EARLY WARNING REPORT

Vantex Resources Ltd., further to its news release Dec. 11, 2019, has closed a non-brokered private placement 466,667 flow-through shares at a price of 7.5 cents per share for gross proceeds of $35,000.

In connection with the private placement, Anthony Jackson, of Suite 400, 837 West Hastings St., Vancouver, B.C., V6C 3N6, acquired direct ownership of an aggregate of 466,667 flow-through common shares in the capital of Vantex Resources, with offices at Suite 400, 837 West Hastings St., Vancouver, B.C., V6C 3N6, which increased Mr. Jackson's percentage ownership of common shares of the issuer held from 8.60 per cent to 19.80 per cent. The shares were acquired through a private placement at a price of 0.075 cent per share for an aggregate sale price of $35,000. The shares represented 12.25 per cent of the issuer's then issued and outstanding common shares as at the date of sale.

Immediately before the transaction that triggered the requirement to issue this news release, Mr. Jackson owned and controlled 287,500 common shares of the issuer, representing approximately 8.60 per cent of the issuer's then issued and outstanding common shares. Immediately after the transaction that triggered the requirement to issue this news release, Mr. Jackson owned 754,167 common shares of the issuer, representing approximately 19.80 per cent of the issuer's then issued and outstanding common shares.

The shares were acquired of to finance the company and Mr. Jackson will evaluate his investment in the issuer and will increase or decrease his investment by future acquisitions or dispositions of securities of the issuer at his discretion, as circumstances warrant. As of the date hereof, Mr. Jackson has no immediate future intention to acquire additional securities of the issuer or dispose of securities of the issuer that he beneficially owns.

A report respecting this disposition, which is incorporated herein by reference, will be electronically filed with the securities commissions in Alberta, Ontario and British Columbia, and will be available for viewing on SEDAR. To obtain a copy of the report, contact Mr. Jackson at 604-283-1722.

This press release is being disseminated as required by National Instrument 62-103, The Early Warning System and Related Take Over Bids and Insider Reporting Issues, in connection with the filing of an early warning report.