VER Vecta Energy Corporation

Vecta Energy Corporation ("Vecta")(TSX VENTURE:VER) today announced that it has
entered into nine Secured Loan Agreements with Directors of the Company as well
as other related parties that will provide the Company with $500,000 in funds.
These proceeds will be used to retire the Company's bank loan and for other
corporate purposes. The Secured Loans mature on November 1, 2010 and have an
interest rate of 15%, payable on maturity. There is provision for early
redemption by the Company. The Secured Loan holders will receive security
equivalent to the security held by the Bank, being all of the Company's
interests in petroleum and natural gas rights and other assets of the Company. 


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