Vast Provides Update on the Qara Dagh Exploration Well

Vast Exploration Inc. ("Vast" or the "Company") (TSX VENTURE:VST) announces that
the Company has concluded operations at the Qara Dagh 01 exploration well. The
well has been drilled to a total depth of 4,196 meters, the maximum depth
possible with current drilling equipment, ending in the basal section of the
Upper Cretaceous Shiranish Formation. Open hole image logs have positioned the
well on the North East structural flank of the Qara Dagh anticline,
approximately 400 meters east of the anticlinal core. 


Oil shows have been encountered over a gross column of roughly 955 meters and
open hole drill stem tests were conducted in the Shiranish Formation with cased
hole tests completed in the overlying Upper Cretaceous Tanjero Formation. All
zones after acid stimulation successfully tested light sweet gravity oil
(ranging from 43 to 46API @ 60 degrees F) but at non-commercial flow rates.
Reservoir permeability and encountering low fracture densities are the principal
causes for poor flow rates.


Testing operations have been completed at the Qara Dagh 01 well. Testing
equipment is in the process of being removed and the well will be left in a
condition such that the partners have the option to re-enter the well at a
future date. Various re-entry scenarios including extending the well's total
depth or drilling a deviated side-track well are being considered. Furthermore,
the operator is currently scouting potential locations at the north end of the
Qara Dagh anticline for a second well expected to spud in 2012. The next well is
expected to target the main Kometan and Qamchuga formations in the Cretaceous.
The Qara Dagh block contains a large surface anticline with several major
prospective horizons. 


Sig Slotboom, President and CEO of Vast commented, "The current well has
established a substantial oil hydrocarbon column in the upper Cretaceous. All
the geological and geophysical data gained in the current well will be
integrated to establish the best location on the structure for the next well to
attempt to access prolific reservoirs in the lower Cretaceous. Vast and its
partners remain committed to the exploration of the Qara Dagh block". 


About Vast Exploration

Vast Exploration Inc. is an independent oil and gas company. Vast is focused on
the exploration and development of its principal asset, the Qara Dagh Block, in
the Kurdistan region of Iraq. The Qara Dagh Block lies on trend with existing
discoveries and is located in the prolific Zagros Fold Belt of Northern Iraq,
which contains several large fields including the super-giant Kirkuk field.


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, the prospective nature of the Qara Dagh block,
the drilling program and revised timeline for completion, exploration and
development plans and projected expenses and timetable, and relationships with
other companies who hold an interest in the Qara Dagh block. 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. For a description of some of such risks, please see
the Company's annual information form filed under the profile of the Company on
SEDAR. 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.