Vecta Energy Corporation Announces Extension of Secured Loans

Vecta Energy Corporation ("Vecta") (TSX VENTURE:VER) reports that its Secured
Loans in the amount of $500,000 plus accrued interest mature on October 1, 2010
but, with the prospect of Vecta entering into a new project, the Secured Loan
holders have agreed to extend the maturity date to November 1, 2010. This will
allow the Company to complete its evaluation and, if acceptable, enter into a
participation agreement. Should this occur, the Secured Loan holders have agreed
to provide a further 60 day extension that will allow Vecta to complete any
necessary documentation and financing. Directors holding the Secured Loans have
also agreed to defer payment of accrued interest with the exception of two
arms-length Secured Loan holders who will be paid accrued interest of $11,176
that is due on October 1, 2010.


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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