VAX Vantex Resources Ltd

Vantex Resources Ltd. (the "Company") (TSX VENTURE:VAX) has entered into an
agreement with Avenue Capital Markets Inc. in respect of a brokered private
placement financing at the following conditions: 


A Flow-Through financing for a maximum of $504,000 with a maximum of 360 Flow
Through Units (the "FT Units"). Each FT Units will be offered at a purchase
price of $1,400, on a commercially reasonable effort agency basis. Each FT Units
will consist 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 will
entitle 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 for the continuation of
drilling on the Moriss zone 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 2013 taxation year. 


The securities issued as part of this placement are subject to a minimum hold
period of four-month-and-one-day period 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

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