VAX Vantex Resources Ltd

Vantex Resources Ltd. (the "Company" or "Vantex")(TSX VENTURE:VAX) announces
that its Board of Directors has adopted as of October 21st, 2010 a Shareholder
Rights Plan (the "Plan") to encourage a fair treatment of shareholders, should a
take-over bid be made for Vantex. The Plan is effective today and will provide
the Board of Directors of Vantex (the "Board") and the Shareholders, more time
to consider unsolicited take-over bid for Vantex. The Plan is intended to
discourage coercive or unfair take-over bids and gives the Board time to pursue
alternatives to maximize Shareholder's value, if appropriate, in the event of an
unsolicited take-over bid.


The Plan has not been adopted in response to, or in contemplation of, any
specific proposal to acquire control of Vantex. The Plan is subject to
acceptance by the TSX Venture Exchange and must be ratified by the Shareholders
within six months of the effective date of the Plan. Unless otherwise terminated
in accordance with its terms, the Plan will terminate at the close of the third
Annual Meeting of Vantex Shareholders following the meeting at which the Plan is
ratified by Shareholders, unless the Plan is reconfirmed and extended at such
meeting.


The Board is of the view that the success of recent exploration campaigns on the
Galloway property combined with the current bullish move in the price of gold
might have created an environment where an opportunistic take-over offer could
be made for Vantex. Such an offer may not be in the best interest of all
Shareholders. Consequently, the Board of Directors has adopted a Shareholder
Rights Plan, the benefits of which extend to Vantex Shareholders should an offer
be made for Vantex.


The Rights issued under the Plan will become exercisable only when a person,
including any party related to it, acquires or announces its intention to
acquire 20% or more of the outstanding shares of Vantex without complying with
the "Permitted Bid" provisions of the Plan or without approval of the Board.
Should such acquisition occur, each right will, upon exercise, entitle a right
holder other than the acquiring person or related persons to purchase shares of
Vantex at a substantial discount to the market price at the time.


Under the Plan, a "Permitted Bid" is a bid made to all shareholders of Vantex
and is open for acceptance for not less than 60 days. If, at the end of such 60
day period, at least 50% of the outstanding shares, other than those owned by
the offeror or certain related parties, have been tendered, the offeror may take
up and pay for the shares but must extend the bid for a further 10 days to allow
other shareholders to tender.


The Plan is similar to other Shareholder Rights Plan recently adopted by several
other Canadian companies and approved by their respective shareholders. A
complete copy of the Shareholder Rights Plan will be filed on SEDAR soon.

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