Vast Exploration to Allow Exercise of $0.50 June 5, 2011 Warrants Until June 13, 2011

Toronto, Ontario, CANADA


CALGARY, ALBERTA--(Marketwire - June 7, 2011) -Vast Exploration Inc. ("Vast" or the "Company") (TSX VENTURE:VST) advises that it will accept exercises of its June 2009 $0.50 series warrants (TSX VENTURE:VST.WT) exercisable until June 5, 2011 (see News Release dated June 5, 2009) until June 13, 2011 at 4:00 p.m. (Toronto time). Vast has elected to extend the exercise by one week in order to accommodate any warrant holders that have or shall purchase warrants on the TSX Venture Exchange between June 6, 2011 and June 13, 2011 which will settle on or before June 13, 2011.

About Vast Exploration

Vast Exploration Inc. is an independent oil and gas company. Vast is focused on the exploration and development of its principal asset, the Qara Dagh Block, in the Kurdistan region of Iraq, where it holds a net undivided 37% working interest in the block. The Qara Dagh Block lies on trend with existing discoveries and is located in the prolific Zagros Fold Belt of Northern Iraq, which contains several large fields including the super-giant Kirkuk field.

Regulatory Statements

Statements in this release that are not historical facts are "forward-looking information" within the meaning of applicable securities law. Forward-looking information typically contain words such as "anticipate", "plan", "expect", "potential", or similar words suggesting future outcomes and include, statements regarding corporate strategy; and the availability of acquisition opportunities. There can be no assurance that such information will prove to be accurate; actual results and future events could differ materially from such information. Factors that could cause actual results to differ materially include, among others, commodity prices, third party risks, acquisition risks, risks inherent in the oil and gas industry, licensing risks, financing risks, regulatory risks and environmental concerns. Investors are cautioned not to place undue reliance on forward-looking information.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information:

Vast Exploration Inc.
Ahmed Said
President and CEO
+1 (403) 263 3000
asaid@forbesenergygroup.com