Vecta Energy Corporate Update

Vecta Energy Corporation  (TSX VENTURE:VER) ("Vecta" or "the Company") advises
that the holders of secured loans to the Company (the "Secured Lenders") have
each delivered a Notice of Intention to Enforce a Security and the Company has
acknowledged receipt of the Notices, thereby consenting to the immediate
enforcement by the Secured Lenders of their security. In order to satisfy the
claims of the Secured Lenders, the Company has sold its 2.5% overriding royalty
on production in the Harmattan area and has dedicated the proceeds to repaying
the principal due to the Secured Lenders. The Company is in financial
difficulties and these steps have been taken in order to preserve the status of
the Company and to give it time to consider a proposal to its creditors or other
steps.


Over the past several years Management and Directors attempted to attract a
financeable project or to restructure the Company but all efforts have so far
been unsuccessful. The three year span of low gas prices has left the Company
with significant financial difficulties and no immediate solution.


The Company is still in discussions with a large financial company regarding a
restructuring to take advantage of the company's listing on the TSX Venture
Exchange, its tax loss carry forwards and the remainder of its oil and gas
assets. Whether these discussions will lead to a solution is uncertain at this
time but all efforts will be expended to achieve this goal.


The Company also advises that its offices are now located at 2200, 300 - 5 Ave
SW, Calgary, Alberta, T2P 3C4. Telephone and email contact information is
unchanged.


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and specify "Vecta Press Releases" in the subject line.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Vecta Energy Corporation
Thomas D. Coffman
President
[phone]