Vecta Energy Corporation- Corporate Update

The Board of Directors of Vecta Energy Corporation (TSX VENTURE:VER) ("Vecta" or
the "Company") today announces that it has entered into a process to review
strategic alternatives for the Company in order to maximize shareholder value.
The process of reviewing strategic alternatives will be overseen by a special
independent committee (the "Special Committee") comprised of the independent
directors of the Board.


The Special Committee will evaluate strategic alternatives which may include,
but are not limited to: the sale of a material portion of the assets of the
Company; the sale of the Company, either in one transaction or in a combination
of transactions; a merger or other business combination with another company; or
a farm-out or joint venture. 


The Company has not established a definitive timeline to complete its review and
no decision on any particular alternative has been reached at this time. There
can be no assurance that the process will result in a transaction of any form
or, if a transaction is undertaken, as to its terms or timing. Vecta does not
intend to make any further announcements regarding the process unless and until
the Board has approved a specific transaction or other course of action or
otherwise deems disclosure of developments is appropriate.


Further information related to the process can be found on the Company's website
at (www.vectaenergy.com).


The Board of Directors is also pleased to announce that the secured loan holders
have agreed to extend the maturity date of the Secured Loans to November 30,
2011 and to forego any interest charges that may accrue from August 31, 2011 to
November 30, 2011 in order to arrest the growth of the accrued interest.


The Board regrets to announce that Ms. Diane Zuber has resigned her position as
Vice President, Finance and Chief Financial Officer of Vecta effectively
immediately. Ms. Zuber will assist the Special Committee in evaluating strategic
alternatives with which to maximize shareholder value. The Board wishes to thank
Ms. Zuber for her valuable contributions to the negotiation process that took
place over the past 9 months and look forward to her assistance in charting a
new course for the Company.


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This news release contains forward-looking statements relating to the Company's
plans and other aspects of the Company's anticipated future operations,
strategies, financial and operating results and business opportunities.
Forward-looking statements typically use words such as "anticipate", "believe",
"project", "expect", "plan", "intent" or similar words suggesting future
outcomes, statements that actions, events or conditions "may", "would", "could"
or "will" be taken or occur in the future, or consists of statements regarding
estimates of future production, operating costs or other expectations, beliefs,
plans, objectives, assumptions or statements about future events or performance.
Statements regarding reserves are also forward-looking statements, as they
reflect estimates as to the expectation that the deposits can be economically
exploited in the future.


Although the Company believes that the expectations represented in such
forward-looking statements are reasonable, there can be no assurance that such
expectations will prove to be correct. As a consequence, actual results may
differ materially from those anticipated in the forward-looking statements and
you should not unduly rely on forward-looking statements. The forward-looking
statements contained in this news release are made as the date of this news
release and the Company does not undertake any obligation to update publicly or
to revise any of the included forward-looking statements, whether as a result of
new information, future events or otherwise, except as may be required by
applicable securities laws.