16:35 GMT, March 25, 2011 Toronto, ON | In light of recent statements in the press, Vector Aerospace Corporation (“Vector” or the “Corporation”) has been asked by Market Surveillance on behalf of the Toronto Stock Exchange to disclose the current state of the review of strategic alternatives with the objective of enhancing shareholder value announced previously by the Corporation.

In the process of reviewing its strategic alternatives, a special committee of the Board of Directors of the Corporation has sought expressions of interest from a wide variety of parties with respect to the Corporation. In the context of this process, the special committee of the Board of Directors of the Corporation has received several non-binding expressions of interest and after reviewing them the Corporation has entered into an exclusivity agreement with EADS N.V..

Any transaction is subject to the finalization of due diligence and negotiations with respect to definitive transaction documentation and other customary conditions. There is no assurance that the negotiations with this party will result in a binding offer being made for the Corporation.

The Corporation intends to make no further announcements or comments unless the circumstances so warrant.