Vast Closes Private Placement Financing

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES

Vast Exploration Inc. (TSX VENTURE:VST) has completed its previously announced
non-brokered private placement financing by issuing 11,333,333 common shares of
the company ("Common Shares") at a price of $0.15 per Common Share, for
aggregate gross proceeds of $1,700,000 (the "Offering").


The gross proceeds of the Offering will be used to strengthen the corporate
balance sheet, pay outstanding liabilities, pursue potential acquisition
opportunities and for general corporate purposes. The Common Shares will be
subject to a four month hold period that expires on April 3, 2014. Closing of
the financing is subject to receipt of regulatory approval, including final TSX
Venture approval. In connection with the financing, an arm's length finder was
issued a total of 98,026 Common Shares as a finder fee.


This press release is not an offering of securities for sale in the United
States. The Common Shares have not been registered under the U.S. Securities Act
of 1933, as amended, and may not be offered or sold in the United States absent
registration or an exemption from the registration requirements of that Act.


Regulatory Statements

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 terms of the
Offering, the planned use of proceeds and receipt of all regulatory approvals.
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: 
Ahmed Said
President and CEO
[phone]
[e-mail]