Vault Minerals Inc. - Press Releases - Vault Strengthens Board Of Directors

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TSX.V : VMI

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	Fri May 13, 2005 Vault Strengthens Board Of Directors
	Kirkland Lake, Ontario. Vault Minerals Inc. (TSX-V: VMI) is pleased to announce the additions of Peter Bojtos, P.Eng. and Scott Waldie to its Board of Directors, subject to regulatory approval. Messrs. Bojtos and Waldie will assist in the strategic growth and development of the Company and will provide considerable exploration and mining experience, corporate management skills and financial expertise to Vault's Board. They have also been appointed to the Audit Committee to provided financial oversight responsibilities. Mr. Peter Bojtos is a Professional Engineer with over 32 years of worldwide experience in the mining industry. He has a strong background in corporate management as well as in all facets of the industry from exploration through the feasibility study stage to mine construction, operations and decommissioning. Mr. Bojtos graduated from the University of Leicester, England in 1972 with a degree in geology, following which he worked at mines in West Africa, the United States and Canada. He then worked 12 years for Kerr Addison Mines Limited, a Noranda Group company, in increasingly senior management and officer positions after which he became President and CEO of Consolidated Nevada Goldfields Corporation, which operated precious metal mines in the United States. From 1993 to 1995, he was Chairman and CEO of Greenstone Resources Limited, a company that was constructing gold mines in Central America. Since 1996, Mr. Bojtos has been an independent director of numerous mining and mineral exploration companies operating throughout the world. Over his career he has visited and evaluated properties in about 80 countries; has carried out 17 significant corporate acquisitions, mergers or sales that involved 24 mines; and has participated in the development, building or reopening of 19 mines. Mr. Scott Waldie has over 30 years of international experience in the mineral exploration industry. From 1994 to 2002 Mr. Waldie was a Founding Partner, and Mining Analyst with First Delta Securities Inc. Prior to 1994, Mr. Waldie was an independent mining consultant, director, prospector, and exploration manager for various public companies responsible for property acquisitions, exploration programs and corporate financing. Currently, Mr. Waldie is an Associate with J.C. Hood Investment Counsel, a private client wealth management service and also serves as director of North Atlantic Resources Ltd. and Northwest Mineral Ventures Inc. In connection with these appointments, Mr. Bojtos and Mr. Waldie have each been granted 150,000 incentive stock options at an exercise price of $0.15 per share pursuant to Vault's stock option plan. These options are subject to TSX Venture Exchange approval and the approval of Vault's shareholders which shall be sought at the Annual and Special Meeting of Shareholders slated for June 24, 2005. The options will be granted for a period of two years, commencing from the date of shareholder approval, at which time the escrow release provisions will also commence. About Vault Vault Minerals Inc. is an Ontario-based, junior natural resource company involved in exploration for gold and diamonds in northeastern Ontario. The Company's current focus is the undeveloped Kirkland gold property which lies immediately adjacent to the historic Lake Shore and Wright-Hargreaves mines which collectively produced over 13 million ounces at a mining grade of approximately 0.50 oz/ton. Its Attawapiskat diamond property is optioned to Diadem Resources Ltd. and its Lebel gold property is optioned to Placer Dome (CLA) Limited. The Company's capital consists of 14,820,468 issued and outstanding common shares which are listed for trading on the TSX Venture Exchange under the symbol 'VMI'. On behalf of the Board of VAULT MINERALS INC. "Andy Chater" Andrew M. Chater, P.Geo President & CEO For additional information, please visit our website at www.vaultminerals.com or contact: Dan McCormack, Director 21 Goodfish Road Kirkland Lake, Ontario P2N 3H7 Phone (705) 567 4511 Fax (705) 567 6873 Email info@vaultminerals.com Andy Chater, President & CEO Suite 711 -- 25 Adelaide Street East Toronto, Ontario M5C 1Y2 Phone (416) 360 1985 Fax (416) 360 7193 Email info@vaultminerals.com "The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release."

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