The management of Vantex Resources Ltd. (TSX
VENTURE:VAX)(FRANKFURT:UD7A)(ALPHA:VAX) is pulling out of the option agreement
previously signed with Vanstar Mining Resources Inc. (TSX VENTURE:VSR). This
transaction concerning mining claims on the East part of the Galloway property
was announced in a press release dated October 12, 2011.


Since Vantex holds 16.6 % of the shares of Vanstar, many conditions must be
fulfilled in order to comply with TSX Rules and Regulations in the case of a
transaction that is not at arm's length. Management believes that these
additional requirements bring delays and outweigh the potential benefits of such
a transaction.
Vantex Resources (TSXV:VAX)
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