Vital announces private placement and consolidation

    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE
    UNITED STATES/

    CALGARY, Nov. 17 /CNW/ - Vital Resources Corp. (CNSX - VITL) ("Vital" or
the "Corporation") is pleased to announce that it intends to seek shareholder
approval to (i) consolidate its shares on a 1 post consolidation share for
every 10 pre consolidation shares basis, and (ii) conduct a private placement
of post consolidation units at a price of Cdn$0.10 per post consolidation unit
for gross proceeds of up to approximately Cdn$1,000,000 (the "Private
Placement"). Each Unit consists of one common share in the Corporation (on a
post-consolidation basis) ("Common Share") and one whole common share purchase
warrant of the Corporation (a "Warrant") and one penalty right ("Penalty
Right"). Each whole Warrant will entitle the holder thereof to purchase one
additional Common Share (a "Warrant Share") for a price of $0.12 (on a
post-consolidation basis) per Warrant Share until 5:00 p.m. (M.S.T.) on the
date which is twenty-four months from the Closing Date (as hereinafter
defined). Each Penalty Right entitles the holder to acquire, at no additional
cost, 0.2 Common Shares (the "Penalty Right Shares") (on a post-consolidation
basis), at any time up until 4:30 p.m. Calgary time (the "Right Expiry Time")
on that date that is six months following the Closing Date (the "Right Expiry
Date") exercisable only in the event that the Corporation fails to list its
Common Shares on the TSX Venture Exchange, the Toronto Stock Exchange or the
AIM Board of the London Exchange by the Right Expiry Date.
    The Corporation intends to call and hold a special meeting of
shareholders in December 2008 (the "Meeting") for the purpose of seeking
approval of the consolidation of the Corporation's common shares on the basis
of one new common share for each ten existing common shares. After closing of
the Private Placement and consolidation of the Corporation's common shares,
the Corporation will have approximately 22 million shares outstanding.
    Closing of the Private Placement is conditional upon shareholder approval
of the share consolidation, regulatory approval, and other conditions typical
of such private placements.

    THE CNSX DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
    THIS RELEASE

    %SEDAR: 00022969E

For further information: Michael Whitehead, Chief Executive Officer of
Vital at phone: (403) 668-1645