VER Vecta Energy Corporation

Vecta Energy Corporation ("Vecta") (TSX VENTURE:VER) today released its
financial and operating results for the third quarter ended September 30, 2010.
The unaudited financial statements, notes and Management's Discussion and
Analysis are available on Vecta's website at www.vectaenergy.com or on SEDAR at
www.sedar.com. 


Cash flow for the nine months ended September 30, 2010 was a negative amount of
$257,739 compared to a negative amount of $230,862 for the same period in 2009.
For the nine months ended September 30 the Company suffered a net loss of
$1,573,298 after recording a loss on the disposal of its shallow gas properties
amounting to $897,654. 


Production for the nine month period ended September 30, 2010 averaged 51
barrels of oil equivalent per day (Boe/d) compared to 103 Boe/d in the same
period a year ago. The production decrease is attributable to the sale of the
Company's Warwick shallow gas production effective June 1, 2010 as well as
disruption of production from the Brewster well that since has been corrected.
The average price received for natural gas for the nine months ended September
30th was $4.56 per thousand cubic feet (Mcf) compared to $4.04 in the same
period in 2009. Operating costs were $2.00 per thousand cubic feet equivalent,
up from $1.81 a year earlier. Administrative costs dropped by 23% due to cost
cutting measures introduced by the Company in May of 2009. 


Effective June 1, 2010 the Company sold its interests in the Warwick shallow gas
area of central Alberta. The Company had approximately 360 Mcf per day of
natural gas production in that area and received proceeds of $650,000 from the
sale. The ongoing weakness in natural gas prices and significant volume decline
experienced from the Warwick wells resulted in a substantial revenue reduction
over the past year. Accordingly, the Company chose to sell these assets in order
to fund existing operations and new projects. The asset sale closed on August 4,
2010. The Company retains all of its various working interests in approximately
16,000 acres of land in the foothills of Alberta and Northeast BC, and in the
approximately 20 Boe/d of production from the Brewster area. 


As announced on November 4, 2010 Vecta has signed a letter of intent with a
non-arms' length private company to enter into a 50-50 Joint Venture to
participate in the Exshaw/Bakken light oil resource play in northern Montana.
The Joint Venture Partner continues to assemble additional land holdings for the
Joint Venture which are deemed prospective for the Exshaw/Bakken formation.
Joint Venture and Joint Operating agreements are being completed and the Company
is preparing an aggressive work program expected to commence in early 2011.


Vecta will manage the Joint Venture from its Calgary office and the technical
team from the Joint Venture Partner will be responsible for the operations,
including all engineering, land, geological and geophysical functions in the
evaluation and development of the project. 


In October, 2010 the Company reached an agreement to farm out a portion of its
50% interest in Section 36-31-3 W5M in the Harmattan area. The farmee will drill
and complete a well to earn 70% and Vecta will retain 15% carried working
interest (one half of the 30% owned jointly with Perpetual Energy). The well was
spudded on November 29, 2010 and is planned to test the Cardium formation with a
horizontal well and multi stage frac treatment.


BOE's may be misleading, particularly if used in isolation. A BOE conversion
ratio of 6 thousand cubic feet to 1 barrel of oil is based on an energy
equivalency conversion method primarily applicable at the burner tip and does
not represent a value equivalency at the wellhead.


FORWARD-LOOKING STATEMENTS

This disclosure contains certain forward-looking estimates that involve
substantial known and unknown risks and uncertainties, certain of which are
beyond Vecta' control, including: the impact of general economic conditions in
the areas in which the Company operates, industry conditions, changes in laws
and regulations including the adoption of new environmental laws and regulations
and changes in how they are interpreted and enforced, increased competition, the
lack of availability of qualified personnel or management, fluctuations in
commodity prices, foreign exchange or interest rates, stock market volatility
and obtaining required approvals of regulatory authorities. In addition, there
are risks and uncertainties associated with oil and gas operations; therefore,
Vecta' actual results, performance or achievement could differ materially from
those expressed in, or implied by, these forward-looking estimates and,
accordingly, no assurances can be given that any of the events anticipated by
the forward-looking estimates will transpire or occur, or if any of them do so,
what benefits, including the amounts of proceeds, that may accrue to Vecta.


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