VER Vecta Energy Corporation

Vecta Energy Corporation ("Vecta") (TSX VENTURE:VER) announces its results for
the second quarter of 2009. Natural gas prices have dropped by 65% from the
second quarter of 2008 to an average of $3.57 per mcf in the second quarter of
2009. This precipitous drop was the primary reason for a $360,237 net loss for
the quarter, bringing the net loss for the first six months of 2009 to $692,813.
Cash flow in the first six months of the year was negative at ($193,544)
compared to a positive cash flow of $297,045 in the first half of 2008.


Production volumes for the first half of 2009 were 29% higher at 112 barrels of
oil equivalent per day (boe/d) compared with 87 boe/d for the same period in
2008.


Working capital at June 30, 2009 was negative at ($574,661) and in addition the
Company had drawn down $350,000 on its revolving line of credit. The line of
credit stands at $500,000 and the existing working capital deficit renders the
Company non compliant under its loan agreement. The Company has taken steps to
alleviate this situation by cutting officer compensation by more than 50%,
restricting the use of consultants to a minimum, and cutting administrative
costs where possible. In addition the Company is investigating the possibility
of raising equity capital, farmout or sale of assets, as well as exploring
merger and joint venture possibilities. The Company's objective is to eliminate
the working capital deficit before year end.


Due to low natural gas prices, the joint venture partners that operate Vecta's
natural gas exploration and development programs have severely curtailed their
activities so no wells have been drilled and six suspended natural gas wells in
which Vecta holds interests will not be completed and connected until prices
improve.


Effective August 31, 2009, Stewart D. Gossen has resigned from his position of
Vice President, Finance and Chief Financial Officer of the Company. Mr. Gossen
intends to pursue a new business opportunity but will continue to serve as an
independent member of the Board of Directors where the Company will continue to
receive his good advice and counsel.


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