Vector Resources Limited (ASX:VEC) Significant Gold Resource Increase at Lightning Deposit

Sydney, Dec 21, 2011 AEST (ABN Newswire) - Western Australian focussed resources company Vector Resources Limited (ASX:VEC) ("Vector" or "the Company") is pleased to announce a significant resource upgrade at the Lightning deposit located within the Mt Dimer Project in Western Australia on tenement M77/427.

Data received to date from this year's Phase 1 drilling program at Mt Dimer have been given to SRK Consulting (SRK) for validation, modelling and analysis work as they become available. 14 drill holes as part of the priority 1 drilling were targeting the historical resource of the Lightning deposit for validation and potential extensions. Significant drill results were released on 22nd September 2011.

The result of these holes is an outstanding increase to the project's resource. The historical resource at Lightning was 20,100 tonnes @ 7.51 g/t for 4,850 ounces of contained gold. This new resource upgrade brings the deposit resource to 161,270 tonnes @ 2.62 g/t for 13,575 ounces of contained gold, a 180% increase from the historical resource. This resource consists of an oxidised and fresh zone, classified as Inferred in accordance with the JORC Code (2004 edition)

The Inferred Resource

SRK was engaged by Vector to carry out validation, resource modelling and analysis of both historical data and new data from current drilling. Geological surfaces and wireframes provided by Vector were reviewed. Gold mineralisation is controlled by the quartz vein; however a significant amount of gold occurs outside the vein. The quartz vein was modelled on geological information provided by drill hole data. The Inferred Mineral Resource was estimated within a constraining wireframe based on a low cut-off grade envelope of 0.2 g/t. The envelope was generated using Leapfrog(TM) software. The estimation is by Ordinary Kriging, with a top cut of 30 g/t Au for oxide and 35 g/t Au for fresh material was applied to the composited data.

The tables and diagram below represent the new resource and 3 dimensional cross-section view.

Significant Upside

Lightning has significantly increased its resource with encouraging results from the 14 holes being used to validate the historical resource. Further increases are anticipated when infill and extensional drilling is carried out. Other fundamentals are also encouraging and include:

- Additional mineralisation intercepts identified at depth are outside the existing resource;

- Mineralisation continues to be discovered along strike; and

- Geology boundaries of the base of oxidisation have been identified.

For the complete announcement including tables and figures, please view:
http://media.abnnewswire.net/media/en/docs/ASX-VEC-572249.pdf

Contact

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