Vector Resources Limited (ASX:VEC) Increases Mt Dimer Gold Project Area By 22%

Perth, Sep 1, 2011 AEST (ABN Newswire) - Vector Resources Limited (ASX:VEC) ("Vector" or "the Company") is pleased to announce it has secured applications for additional land holdings to the north of tenements M77/427 and M77/428, and north west of tenements M77/957, M77/958 and M77/965 which form part of the Company's flagship Mt. Dimer project.

The increase in the Mt Dimer land holdings by 22.2% has potential for additions to the newly identified mineralization targets within the existing mining tenements. This ground will be explored with a geochemical auger program that could identify potential new areas for exploration drilling.

The recently released auger results of tenements M77/427 and M77/428 show potential targets on the northern border of the tenements with the newly secured ground.

Vector Resources Chairman Damien O'Reilly said the Board were extremely pleased to secure the ground considering the amount of exploration activities currently being undertaken at Mt Dimer.

The area has similar structural features to Mt Dimer and little exploration for precious metals has been carried out previously.

Significant Upside

The Mt Dimer project has significant landholdings that recently identified 17 new green field targets. The addition of this ground has encouraging fundamentals that include:

- 22.2% increase in landholdings of 451.3 ha;

- Recent geochemical survey indicates new targets at the boundary of existing and newly secured ground;

- Upon granting, the new area will systematically be explored using geochemical sampling followed by RAB and RC drill programs of identified targets;

- Area largely under explored for precious metals.

For the complete Vector Resources announcement including figures, please view:
http://media.abnnewswire.net/media/en/docs/69320-ASX-VEC-555470.pdf

Contact

Vector Resources Limited P: +61-8-6188-7800 F: +61-8-9481-8772 Email: contact@vectorresources.com.au http://www.vectorresources.com.au