Vanguard Energy Corporation provides financial results of operations for the fiscal year ending September 30, 2012.

Highlights

• Revenue from oil and gas sales increased 77% to $3.4 million at year end 2012 compared to $1.9 million for the previous year. • Shareholder equity increased 412% from $0.64 million at year end 2011 to $3.3 million for the year ending September 30, 2012. • Total assets increased to $14.2 million at year end 2012 from $5.5 million at year end 2011. • The Company reports a per share loss of $0.09 for the year ending September 30, 2012 compared to a loss of $0.15 for the year ending September 30, 2011. • Total expenses increased approximately 107% to $3.24 million for the year ending September 30, 2012. This was due substantially to the increased number of wells being operated and increased production volumes which resulted in increased lease operating expenses, asset retirement obligations and DD&A. General and administrative expenses increased 54% due primarily to the costs associated with being a small publicly traded company. • EBITDA, a non-GAAP financial measure which is defined and reconciled to most directly comparable GAAP measures in the attached financial table grew 63% to $977,083 at year end 2012. • Operating net cash grew 105% from $355,619 at year end 2011 to $727,349 for the year ending September 30, 2012.

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