Vecta Energy Corporation Announces Financial Results for the Year Ended 2010

Vecta Energy Corporation (TSX VENTURE:VER) ("Vecta" or the "Company") today
announces financial and operating results for the year ended December 31, 2010.
The Company also announces that it is filing its 2010 Annual Information Form,
which includes the Statement of Reserves Data on Form 51-101F1 (the "Statement
of Reserves"), the Report on Reserves Data by Sproule Associates Limited
("Sproule") on Form 51-101F2 and the Report of Management and Directors on
Reserves Data on Form 51-101F3, and Notice of Filing 51-101F1 Information on
Form 51-101F4 with the Canadian regulatory authorities on the System for
Electronic Document Analysis and Retrieval ("SEDAR").


Year Ended December 2010 Financial Summary

Cash flow from continuing operations for the three months ended December 31,
2010 was a negative $297,436 as compared with a negative $56,967 in the same
period 2009. For the year ended December 31, 2010 Vecta's cash flow from
continuing operations was negative $555,176 as compared to a negative $288,241
in 2009. The sale of the Company's shallow gas properties on June 1, 2010
significantly reduced sales volumes and revenues in 2010. Cash flow was also
negatively impacted by increased general and administrative costs associated
with the proposed U.S. joint venture. 


For the year ended December 31, 2010 Vecta's continuing operations recorded a
net loss of $1,953,419 compared to a loss of $3,309,309 for the same period in
2009. This 2010 net loss includes a loss of $965,816 on the disposal of the
Company's shallow gas assets. The loss in 2009 was as a result of a $2.3 million
write-down of oil and gas properties. Production volumes for the year totalled
47 boe/d compared with 99 boe/d in 2009. The lower production is due to the sale
of the shallow natural gas properties in June 2010 as well as to the natural
decline of the reserves. 


Fourth quarter 2010 natural gas production decreased by 70% to 149 mcf per day
from 498 mcf per day in 2009 reflecting the sale of the shallow gas properties
in June 2010 as well as production declines due to operational difficulties in
the Brewster area that have since been resolved. Liquids production increased to
11 barrels per day from 4 barrels per day in the same period 2009. The increase
was due to a gross overriding royalty on a new well that has high liquids
content that was put on stream in December 2010. Year to date 2010 natural gas
production decreased 56% to 254 mcf per day from 574 mcf per day in 2009. In
December 2010, the Company began receiving a gross overriding royalty from a
well in the Harmattan area in which the Company retained a 2.5% gross overriding
royalty on the petroleum and natural gas rights sold in December 2009. This well
generated significant liquids production for the Company for the month of
December 2010 and continued to produce at high levels for the first two months
of 2011.


In the fourth quarter of 2010 capital additions fell to $5,800 from $5,993 in
2009. For the twelve month period in 2010 capital expenditures fell 77% to
$19,156 from $81,641 in the same period in 2009 reflecting the curtailment of
capital expenditures in 2010 due to the low price environment and the Company's
financial condition.


Vecta has filed its 2010 Financial Statements, MD&A, 2010 Annual Information
Form and CEO and CFO Certifications and NI 51-101 (Form F1, F2, F3 and F4) with
the securities regulatory authorities in Canada. Electronic copies of these
filings may be obtained on Vecta's SEDAR profile at www.sedar.com or on Vecta's
website at www.vectaenergy.com. 


To receive company news releases via e-mail, please advise admin@vectaenergy.com
and specify "Vecta Press Releases" in the subject line.


This news release contains forward-looking statements relating to the Company's
plans and other aspects of the Company's anticipated future operations,
strategies, financial and operating results and business opportunities.
Forward-looking statements typically use words such as "anticipate", "believe",
"project", "expect", "plan", "intent" or similar words suggesting future
outcomes, statements that actions, events or conditions "may", "would", "could"
or "will" be taken or occur in the future, or consists of statements regarding
estimates of future production, operating costs or other expectations, beliefs,
plans, objectives, assumptions or statements about future events or performance.
Statements regarding reserves are also forward-looking statements, as they
reflect estimates as to the expectation that the deposits can be economically
exploited in the future.


Although the Company believes that the expectations represented in such
forward-looking statements are reasonable, there can be no assurance that such
expectations will prove to be correct. As a consequence, actual results may
differ materially from those anticipated in the forward-looking statements and
you should not unduly rely on forward-looking statements. The forward-looking
statements contained in this news release are made as the date of this news
release and the Company does not undertake any obligation to update publicly or
to revise any of the included forward-looking statements, whether as a result of
new information, future events or otherwise, except as may be required by
applicable securities laws.
Vecta Energy Corporation (TSXV:VER)
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