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VST

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Share Name Share Symbol Market Type
TSXV:VST TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Vast Exploration Inc.: Announces New Board Member

18/09/2012 11:00pm

Marketwired Canada


Vast Exploration Inc. ("Vast" or the "Company") (TSX VENTURE:VST) announces the
appointment of Mr. Joao Saraiva e Silva as a new director of the Company and the
resignation of General John Abizaid (Ret.) from its board of directors.


Mr. Saraiva e Silva has over fourteen years of experience in the finance
industry, with a special focus on the oil and gas sector. Over his career, Mr.
Saraiva e Silva has gained significant experience across a number of
jurisdictions as a banker, fund manager, board-level director and, more
recently, as a senior executive.


Mr. Saraiva e Silva started his career with the investment banking division of
Goldman Sachs International in London. During his nine years with the bank, Mr.
Saraiva e Silva advised on M&A and capital markets transactions spanning a broad
spectrum of clients, energy sub-sectors and geographies. In 2008, Mr. Saraiva e
Silva joined the London office of Och-Ziff Capital, where he had responsibility
over the fund's energy investments across Europe, Middle East, Africa and South
East Asia. In connection with his Och-Ziff role, Mr. Saraiva e Silva was also
appointed to serve as board-level director of a number of oil & gas ventures.
Since September 2011, Mr. Saraiva e Silva has been the CFO of PetroJava, an
independent oil & gas player with operations in South-East Asia. Mr. Saraiva e
Silva holds an Economics degree from Nova University, Lisbon.


On behalf of the board, Mr. Ahmed Said commented "We thank General Abizaid for
his past contributions to the Company, and we would like to welcome Mr. Saraiva
e Silva as a new member of the board". 


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 resignation and
appointment of directors. 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.


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