KIRKLAND LAKE, ON, March 26 /CNW/ - VAULT MINERALS INC. (TSX-V: VMI) ("Vault" or the "Company") announces that it has now mailed to its shareholders and filed on SEDAR a Notice of Special Meeting and Management Information Circular ("Circular") dated March 22, 2010 setting out the items of special business to be considered at Vault's upcoming special meeting of its shareholders. Among other matters, the Circular includes details regarding the proposed amalgamation between Vault and 2236019 Ontario Inc., a wholly-owned subsidiary of Queenston Mining Inc. as first jointly announced on March 5, 2010.

Vault shareholders are urged to carefully review the Circular and accompanying materials as they contain important information regarding the amalgamation and the rights and entitlements of the Vault shareholders in connection therewith.

The special meeting will be held at the offices of Aird & Berlis LLP, counsel to Vault, located at 181 Bay St., Suite 1800, Toronto, Ontario, M5J 2T9 commencing at 10:00 a.m. (Toronto time) on April 19, 2010.

About Vault

Vault Minerals Inc. is a Canadian junior gold exploration company active in the world-renowned Kirkland Lake gold camp of northern Ontario. The Company's capital consists of 40,542,043 issued and outstanding common shares which are listed for trading on the TSX Venture Exchange under the symbol `VMI'.

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    On behalf of the Board of
    VAULT MINERALS INC.

    signed: "Joseph D. Horne"
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    Joseph D. Horne, President & CEO
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This Press Release may contain forward-looking statements that involve inherent risks and uncertainties. Actual events or results could differ materially from the Company's forward-looking statements and expectations, and the Company disclaims any obligation to update these forward-looking statements.

"Neither 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."

For further information: Joe Horne, President, at (902) 402-8266 or visit www.vaultminerals.com