NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES.

Vector Resources Inc. ("Vector") (TSX VENTURE:VCR.P) announced today that it has
entered into a Letter of Intent, dated November 12, 2012, that serves as an
agreement in principle concerning a proposed transaction (the "Transaction")
between Vector and Oriana Technologies Inc. ("Oriana") and a wholly-owned
subsidiary of Oriana to be created, which, subject to, among other things,
completion of satisfactory due diligence and receipt of all necessary regulatory
and exchange approvals, will, upon completion, qualify as Vector's Qualifying
Transaction as defined in Policy 2.4 of the TSX Venture Exchange. ("Exchange").
Oriana is a corporation incorporated under the Canada Business Corporations Act
that develops and markets interactive entertainment solutions based on an open
standard platform which seamlessly connects to IPTV services and existing video
entertainment in hotels, homes and other locations, providing movies, music and
consumer applications. Vector expects to issue a comprehensive news release
containing further information shortly.


Completion of the transaction is subject to a number of conditions, including
but not limited to, Exchange acceptance and if applicable pursuant to Exchange
Requirements, majority of the minority shareholder approval. Where applicable,
the transaction cannot close until the required shareholder approval is
obtained. There can be no assurance that the transaction will be completed as
proposed or at all.


Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the transaction,
any information released or received with respect to the transaction may not be
accurate or complete and should not be relied upon. Trading in the securities of
a capital pool company should be considered highly speculative.


The TSX Venture Exchange Inc. has in on way passed upon the merits of the
proposed transaction and has neither approved nor disapproved the contents of
this press release.


Darryl Levitt, President & Chief Executive Officer

VECTOR RESOURCES INC.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Vector Resources Inc.
Darryl Levitt
President and Chief Executive Officer
416-826-3495
darryl.levitt@gmail.com

Vector Resources (TSXV:VCR.P)
Historical Stock Chart
Von Mai 2024 bis Jun 2024 Click Here for more Vector Resources Charts.
Vector Resources (TSXV:VCR.P)
Historical Stock Chart
Von Jun 2023 bis Jun 2024 Click Here for more Vector Resources Charts.