VAX Vantex Resources Ltd

Vantex Resources Ltd. (the "Company") (TSX VENTURE:VAX) is pleased to announce
that it has completed a first tranche of the previously announced private
placement by issuing 101 Flow-Through Units (the "FT Units") at a purchase price
of $1,400 per FT Unit for a gross proceed to Vantex of $141,400. 


Each FT Unit consists of 8,000 flow through common shares and 2,000 common
shares at a price of $0.14 per share and 5,000 share purchase warrants. Each
warrant entitles the holder to purchase one additional common share in the
capital of the Company for a period of twelve months from the date of issuance,
at a purchase price of $0.20 per share.


Proceeds of the flow through common shares will be used to start a 5,000-meter
drilling campaign on the Moriss zone of the Galloway project in Quebec. This
drilling will verify the lateral and in-depth extensions of the zone and outline
an initial resource. 


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 2013 taxation year. 


In connection with this first closing, Avenue Capital Markets Inc. will receive
a cash commission of $14,140 and 101,000 Agent Options. Each Agent Option allows
its holder to purchase one additional common share of Vantex at a price of $0.14
for a period of 12 months following the closing.


The securities issued as part of this placement are subject to a minimum hold
period of four-month-and-one-day and subject to the approval of the TSX Venture
exchange.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Source:
Guy Morissette
CEO
819-763-5096
www.vantexressources.com


For information:
Avenue Capital Markets Inc.
Jean-Francois Lemay
514-395-1221


Wayne Carlon
VP Development
902-857-1043
waynecarlon@eastlink.ca

Vantex Resources (TSXV:VAX)
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Vantex Resources (TSXV:VAX)
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