Vecta Energy Corporation Announces Closing of Sale of Properties

Vecta Energy Corporation ("Vecta") (TSX VENTURE:VER) - announced today that it
has closed the Purchase and Sale Agreement whereby a joint venture partner
purchased the Company's interests in the Warwick shallow gas area of central
Alberta. The Company's production from these properties was approximately 360
mcf per day and it received cash proceeds of $650,000 from the sale. No finder's
fee or commission was payable on this sale transaction. The proceeds will be
used to fund existing operations and to pursue completion of a merger and/or
acquisition project that are presently under review. 


The Company retains all of its various working interests in some 16,000 acres of
lands in the foothills of Alberta and North East BC, and in the approximately 20
barrels per day of oil equivalent production from the Brewster area. The
successful Brewster 1-26 well in which the Company has a 3% working interest is
expected to be on stream in a few weeks and the farmee that drilled that well
has an option to drill another well in the coming months (at no cost to Vecta)
on an adjoining section.


BOE's may be misleading, particularly if used in isolation. A BOE conversion
ratio of 6MCF:1Bbl is based on an energy equivalency conversion method primarily
applicable at the burner tip and does not represent a value equivalency at the
wellhead.


FORWARD-LOOKING STATEMENTS

This disclosure contains certain forward-looking estimates that involve
substantial known and unknown risks and uncertainties ,certain of which are
beyond Vecta' control, including: the impact of general economic conditions in
the areas in which the Company operates, industry conditions, changes in laws
and regulations including the adoption of new environmental laws and regulations
and changes in how they are interpreted and enforced, increased competition, the
lack of availability of qualified personnel or management, fluctuations in
commodity prices, foreign exchange or interest rates, stock market volatility
and obtaining required approvals of regulatory authorities. In addition, there
are risks and uncertainties associated with oil and gas operations; therefore,
Vecta' actual results, performance or achievement could differ materially from
those expressed in, or implied by, these forward-looking estimates and,
accordingly, no assurances can be given that any of the events anticipated by
the forward-looking estimates will transpire or occur, or if any of them do so,
what benefits, including the amounts of proceeds, that may accrue to Vecta.


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Vecta Energy Corporation (TSXV:VER)
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