Vast Exploration Inc. Files Annual Reserve Information

CALGARY, ALBERTA--(Marketwire - May 27, 2011) - Vast Exploration Inc. ("Vast" or the "Company") (TSX VENTURE:VST) reports that it has filed the reports relating to reserves data and other petroleum and natural gas information required pursuant to National Instrument 51-101 for the year ended January 31, 2011. A copy of the Vast Forms 51-101F1, 51-101F2 and 51-101F3 are available under the profile of the Company on SEDAR at www.sedar.com.

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.