Vital Resources Announces First Tranche Closing of Private Placement



    /NOT FOR DISTRIBUTION IN THE UNITED STATES/

    CALGARY, Sept. 26 /CNW/ - Vital Resources Corp. ("Vital") (CNQ Exchange -
VITL; Frankfurt Stock Exchange - VZN) is pleased to announce that it has
closed the first tranche of a private placement of units ("Units") for gross
proceeds of $122,500 (the "Offering"). Vital issued 2,450,000 Units, at a
price of $0.05 per Unit, with each Unit consisting of one common share of
Vital ("Common Share") and one-half of one Common Share purchase warrant
("Warrant"). Each whole Warrant is exercisable for a period of 12 months
following the closing of the first tranche of the Offering and entitles the
holder thereof to acquire one additional Common Share at a price of $0.07 per
Common Share. All securities issued in connection with the Offering are
subject to a four month hold period that expires on January 18, 2009. The
proceeds of the Offering will be used to advance the Cameroon bauxite project,
including a NI 43-101 report to verify past work done, for which Vital has
recently signed a memorandum of understanding.
    After giving effect to the Offering, Vital has 50,615,275 common shares
issued and outstanding.

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

    %SEDAR: 00022969E




For further information:

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

Organization Profile

VITAL RESOURCES CORP.

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