Issue of Equity and Change of Broker

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

5 July 2016
Vast Resources plc
("Vast" or the "Company")

Issue of Equity
and
Change of Broker

Vast Resources plc, the AIM listed mining company with operations in Romania and Zimbabwe, announces that, pursuant to the agreement entered into with a number of existing shareholders (the "Investors") announced on 7 March 2016 (the "Financing"), it has received a subscription of £133,333 for the issue today of 37,037,036 new ordinary shares in the Company of 0.1 pence each ("Ordinary Shares") at an issue price of 0.36 pence per Ordinary Share and 37,037,036 warrants (the "Investor Warrants") both conditional only on admission to trading on AIM ("Admission"). 

The issue of Ordinary Shares and Investor Warrants represents the third tranche of the Financing and the issue price of the new Ordinary Shares is the closing bid price of the Ordinary Shares on 1 July 2016 in accordance with the provisions of the Financing.  The terms of the Investor Warrants are as explained in the announcement of 7 March 2016.

Application has today been made to the London Stock Exchange plc for the 37,037,036 New Ordinary Shares to be admitted to trading on the AIM market with admission expected to occur on 8 July 2016.  The issued new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares.

Following Admission, the issued ordinary share capital of Vast will consist of 2,573,037,052 Ordinary Shares. There are no Ordinary Shares held in treasury, therefore the total number of voting rights in the Company, following the issue of the 37,037,036 New Ordinary Shares is 2,573,037,052.

Change of Broker
The Company also announces the appointment of Brandon Hill Capital Ltd as joint broker to the Company with immediate effect. 

For further information visit www.vastresourcesplc.com or please contact:

This announcement contains inside information.