Strategic Mining Announces Filing

Strategic Mining Announces Filing of Form 10-A with the SEC and Moves to OTCQB Tier

Strategic Mining Corp. announced that it has filed the amendment (10a) to the Form 10 that includes first quarter financials on August 9, 2010. The filing of the Form 10a immediately moves the company to the OTCQB tier with current status. The company has also sent a response letter to the SEC in order to continue the process to move to the Bulletin Board.

The company filed a Form 10 with the SEC on April 30 to initiate the process to move to the Bulletin Board. As of June 30, Strategic Mining is subject to all of the reporting requirements of the Securities Exchange Act of 1934. The Bulletin Board reaches a much wider audience both domestically and internationally. Strategic Mining is now a reporting company offering more transparency while investors and their brokers would have greater ease and less restrictions to monitor, buy and sell the company’s stock.


President, Todd Sterck commented: “We are pleased to now be under the jurisdiction of the SEC with full transparency to the investment community. We look forward to be listed on the Bulletin Board and are taking all the necessary steps to accomplish this goal”.

Strategic Mining Corporation is engaged in the exploration and development of gold properties in Vietnam, the US (Nevada/Utah) and Africa. The company intends to expand by acquiring mineral rights to more key properties and initiating strategic joint ventures.

Vantex Increases Flow Through Financing to a Maximum of $2,100,000
Vantex Resources Ltd. announces that it will increase the previously announced $1,700,000 financing, to a maximum of $2,100,000 due to increased investor demand.

Vantex has therefore entered into an amended agreement with Jones, Gable & Company Limited (“Jones, Gable”) in respect of a brokered private placement financing consisting of up to 2,100 units (the “Units”) at a purchase price of $1,000 per Unit to raise gross flow-through proceeds of up to $2,100,000 (the “Private Placement”) on a commercially reasonable effort agency basis.

The Units will consist of eight (8,000) flow-through common shares at a price of $01.0 per share, two thousand (2,000) common shares at a price of $0.10 per share and five thousand (5,000) common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share in the capital of the Company for a period of twelve months from the date of issuance, at a purchase price of $0.15 per share.

Proceeds of the Units will be used for general working capital purposes and to incur general exploration expenses in Quebec. The expenses will constitute Canadian exploration expenses and flow-through mining expenditures (as defined in the Income Tax Act (Canada)), which can be renounced to purchasers for the 2010 taxation year. The securities issued will be subject to a hold period of four months and one day.

Proceeds of the Private Placement will be used for the development of the Galloway-Pitchvein area. The Private Placement will be subject to approval by the TSX Venture Exchange.