LA PRAIRIE, QUEBEC--(MARKET WIRE)--Nov 13, 2007 -- This news release is not for distribution to United States newswire services or for dissemination in the United States

Vantex Resources Ltd. (the "Corporation") (CDNX:VTX.V - News)is pleased to announce that it has entered into a financing agreement with Northern Securities Inc. to issue and sell, on a best efforts basis, up to 11,612,903 flow-through units at an issue price of $0.155 per unit, resulting in gross proceeds of up to $1,800,000 and up to 6,153,846 non flow-through units at an issue price of $0.13 per unit, resulting in gross proceeds of up to $800,000 (the "Offering"). Each flow-through unit will consist of one flow-through common share of the Corporation and one-half of a common share purchase warrant (the "FT Warrant"). Each whole FT Warrant will entitle the holder thereof the right to purchase one additional common share of the Corporation for a period of 24 months from the date of issuance at an exercise price of $0.185 per share. Each non flow-through unit will consist of one common share of the Corporation and one common share purchase warrant (the "Warrant"). Each Warrant will entitle the holder thereof the right to purchase one additional common share of the Corporation for a period of 24 months from the date of issuance at an exercise price of $0.155 per share.

In addition, the Corporation has granted to Northern Securities Inc. an option exercisable at any time prior to 24 hours prior to the closing of the Offering to increase the size of the financing by up to 25% under the same proportion, terms and conditions and at the same price as the Offering (the "Broker's Option").

In connection with the Offering, the Corporation will pay to Northern Securities Inc. a cash commission of 8% of the aggregate gross proceeds of the Offering including any proceeds raised by the Corporation pursuant to the exercise of the Broker's Option. Northern Securities Inc. will also receive a number of broker warrants equal to 10% of the aggregate number of units and flow-through units sold pursuant to the Offering including any units and flow-through units sold pursuant to the Broker's Option. Each broker warrant will be exercisable into one unit at an exercise price of $0.14 per unit for a period of 24 months from the date of closing of the Offering.

All securities issued in connection with the Offering will be subject to a four-month hold period from the closing date. This financing is subject to regulatory approval including the approval of the TSX Venture Exchange.

"We are very pleased to make such arrangement with Northern Securities", said Guy Morissette, President and CEO of the Corporation. "With this financing, we will be able to make significant progress on our Quebec properties."

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

     Contacts:
     Vantex Resources Ltd.
     Mr. Guy Morissette
     Chief Executive Officer
     514-712-9753
      
     Vantex Resources Ltd.
     Mr. Francois Marcotte
     Investor Relations Vice-President Development
     514-685-9880
     vantex@videotron.ca