Vesta Capital Corp. Completes $500,600 Private Placement

Vesta Capital Corp. ("Vesta" or the "Company"), (TSX VENTURE:VES.P) a capital
pool company, announced today further to its press release dated August 20,
2008, on September 11, 2008, the Company successfully completed its non-brokered
private placement offering (the "Offering") of 2,503,000 common shares of the
Company (the "Common Shares") at a price of $0.20 per Common Share for gross
proceeds to the Company of Cdn.$500,600. The Common Shares carry a four-month
hold period under Canadian securities laws from the date of issuance. Vesta paid
a finder's fee to PowerOne Capital Markets Limited ("PowerOne") equal to 10
percent of the gross proceeds raised in the Offering.


An aggregate of 2,000,000 Common Shares (the "Pinetree Shares") issued pursuant
to the Offering were purchased by Pinetree Income Partnership ("Pinetree"), an
arm's length party to the Company. Pinetree is a wholly owned subsidiary of
Pinetree Capital Ltd. which owns 50% of the issued and outstanding shares in the
capital of PowerOne. The Pinetree Shares constitute approximately 32% of the
issued and outstanding capital of the Company subsequent the Offering and as
such, Pinetree has become a control person of the Company. The Company obtained
shareholder approval for the issuance of the Pinetree Shares by way of written
consent from shareholders owning in the aggregate approximately 53% of the
issued and outstanding capital of the Company prior to completion of the
Offering.

 
The Pinetree Shares are subject to an escrow agreement (the "Escrow Agreement")
between Pinetree, the Company and its transfer agent, Olympia Transfer Services
Inc. Under the Escrow Agreement, 10% of the Pinetree Shares will be released
from escrow on the issuance of the TSX Venture Exchange Bulletin which is issued
following closing of the Company's qualifying transaction (the "Initial
Release") and an additional 15% will be released on the dates 6 months, 12
months, 18 months, 24 months, 30 months and 36 months following the Initial
Release. The Escrow Agreement can be viewed and is available for download on the
Company's SEDAR profile (www.sedar.com).


Proceeds from the Offering will be used for general working capital purposes.