Funding Policy

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
9 November 2016
Vast Resources plc
("Vast" or the "Company")

Funding Policy

Vast Resources plc, the AIM-listed mining company with operations in Romania and Zimbabwe, announces that it does not intend to draw down on the $3 million balance of the $5 million facility that is currently in place with Bracknor Fund Limited and is now investigating alternative sources of finance.  The authorities for the directors to issue further shares proposed in the resolutions at the forthcoming annual general meeting of the Company ("Resolutions") will be applied for this purpose and not for the balance of the Bracknor facility.  Should the Resolutions not be approved, the Company will need to consider alternative funding, including, inter alia, at the subsidiary company levels. 

**ENDS**

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

Vast Resources plc Roy Pitchford (Chief Executive Officer)	[phone] - Office Romania  [phone] - Mobile Romania  [phone] - Mobile UK
Strand Hanson Limited - Financial & Nominated Adviser  James Spinney  James Bellman	www.strandhanson.co.uk  [phone]
Brandon Hill Capital Ltd - Joint Broker Jonathan Evans	www.brandonhillcapital.com [phone]
Peterhouse Corporate Finance Ltd - Joint Broker  Duncan Vasey	www.pcorpfin.com  [phone]
St Brides Partners Ltd Susie Geliher Charlotte Page	www.stbridespartners.co.uk  [phone]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

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Source: Vast Resources plc via Globenewswire