Vast Announces Share Consolidation

Vast Exploration Inc. (TSX VENTURE:VST) reports that effective August 9, 2013
the common shares of the company have been consolidated such that one (1) new
common share will be issued for every fifty (50) common shares outstanding on
the date hereof. A letter of transmittal will be sent by mail to shareholders
advising that the share consolidation has taken effect and instructing
shareholders to surrender the certificates evidencing their common shares for
replacement certificates representing the number of common shares to which they
are entitled as a result of the consolidation. Until surrendered, each
certificate representing common shares prior to the consolidation will be deemed
for all purposes to represent the number of common shares to which the holder
thereof is entitled as a result of the consolidation. 


The potential benefits of the share consolidation include improving trading
liquidity, allowing the company to raise additional capital at a higher price
per share and reducing shareholder transaction costs. Following the share
consolidation the number of Vast common shares issued and outstanding will be
reduced from 261,892,494 common shares to approximately 5,237,849 common shares.
Vast will not be changing its name at this time.  


The shareholders of the company approved the share consolidation at the annual
and special meeting of the company held on July 24, 2013. Further details
regarding the share consolidation are contained in the company's Information
Circular dated June 20, 2013, which has been filed on SEDAR at www.sedar.com.


This press release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements with respect to the timing and
implementation of the share consolidation. Generally, forward looking
information can be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such forward-looking
information, including but not limited to: general business, economic,
competitive, geopolitical and social uncertainties; the actual results of
exploration activities; regulatory risks; risks inherent in foreign operations;
and other risks of the oil and gas industry. Although the Company has attempted
to identify important factors that could cause actual results to differ
materially from those contained in forward-looking information, there may be
other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking information. The Company does not undertake to
update any forward-looking information, except in accordance with applicable
securities laws.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Vast Exploration Inc.
Ahmed Said
President and CEO
[phone]
www.vastexploration.com