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Vast Announces Board Members of Resulting Issuer Upon the Closing of the Delebrity Inc. Acquisition

TORONTO, ONTARIO -- (Marketwired) -- 08/22/14 -- Vast Exploration Inc. (TSX VENTURE: VST) (the "Company" or "Vast") reports that upon closing of the previously announced acquisition of Delebrity Inc. ("Delebrity") the board of directors of the resulting issuer will consist of Stan Bharti, Rene Bharti, Paul Duffy, Mickey Segal, Ryan Ptolemy and Jeff Craib.

Mr. Stan Bharti has over 30 years of experience in operations, public markets and finance. Over the last ten years Mr. Bharti has been involved in acquiring, restructuring and financing resource companies. He is a Professional Mining Engineer and holds a Masters Degree in Engineering from Moscow, Russia and University of London, England. From 2002 to April 2006, Mr. Bharti was a director and past president of Desert Sun Mining Corp. (which was acquired by Yamana Gold Inc. in 2006). In addition, Mr. Bharti is a director of several public and private companies.

Mr. Rene Bharti has over 20 years of business experience and has held several key roles in both public and private companies, including those in the resource, technology and the entertainment industry. Most recently, Mr. Rene Bharti co-founded Delebrity Inc., with legendary singer Paul Anka to bring the creation of digital celebrities and the world's best holograms to the live stage. Mr. Rene Bharti holds a B.Comm (Honours) from Queen's University.

Mr. Paul Duffy has 24 years of business experience and has been an investor, operator and advisor with a track record of starting, expanding, diversifying and selling global technology companies. Mr. Duffy is the creator of the Digital Human Experience in online, mobile and holographic communications. In 1992 Mr. Duffy co-founded Corporate Communications Interactive (CCI) in Toronto, Canada. Over a 17 year history Mr. Duffy grew CCI to one of the largest online learning and communication companies in North America. With offices in Toronto, Tampa and Kansas City, CCI pioneered and sold several technology "firsts" in digital media to many of the world's largest organizations, as well as numerous mid-size corporations, governments, and not-for-profits organizations. Mr. Duffy is a past member of the Board of Governors for the Michener Institute for Applied Health Sciences. Mr. Duffy holds a Bachelor of Science, Applied Computer Science from Ryerson University.

Mickey Segal, CPA, is the Managing Partner of Nigro Karlin Segal Feldstein & Bolno, LLC. Mr. Segal graduated cum laude in accounting from California State Polytechnic University at Pomona. In 1997, he was inducted into their Accounting Hall of Fame and he received the Distinguished Alumni Award from the University's business school. He is a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants. Mr. Segal has served eleven years on the Arcadia City Council and served as Mayor three times. Mr. Segal also chaired the City of Arcadia's Financial Advisory Committee. Mr. Segal has received numerous awards including the "Spirit of Philanthropy Award" from the Association of Fundraising Professionals.

Mr. Jeff Craib has over 25 years of experience and has a career that spans hundreds of artists, thousands of shows and international recognition and respect from his peers. As President of The Feldman Agency, Mr. Craib works as an agent to numerous artists. Mr. Craib's vast industry knowledge, passion for artist development, keen eye for marketing and touring expertise gives him the advantage and ability to plan and execute any type of live event for any type of audience. Mr. Craib's dexterity for developing bands and artists of all genres and configurations has played a key role in shaping the sound of popular music for over 25 years.

Mr. Ptolemy is a CPA, CGA and CFA charter holder. Mr. Ptolemy currently serves as chief financial officer to a number of public companies in the mining sector. From August 2005 to September 2009, Mr. Ptolemy was at an independent investment dealer in Toronto, most recently serving as Chief Financial Officer, where he was responsible for financial reporting, auditing, budgeting and internal controls. Mr. Ptolemy is also the Chief Financial Officer of Aberdeen International Inc., Alder Resources Ltd., Arena Minerals Inc., Belo Sun Mining Corp. and Rodinia Lithium Inc.

Completion of the acquisition of Delebrity is subject to a number of conditions, including but not limited to, TSX Venture Exchange ("Exchange") acceptance and if applicable pursuant to Exchange requirements, shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the disclosure document to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the timing and implementation of the acquisition of Delebrity and the proposed directors of the resulting issuer following the Delebrity acquisition. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of exploration activities; regulatory risks; risks inherent in foreign operations; and other risks of the oil and gas industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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.

Contacts:
Vast Exploration Inc.
Ahmed Said
President and CEO
+1-416-309-2963
www.vastexploration.com

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