HOUSTON, TX--(Marketwire - Dec 5, 2012) - Vanguard Energy Corporation (OTCQX: VNGE), an oil development and production company, today announced that after additional review, the third party reserve engineering firm which certifies the Company's annual reserve report has increased its estimate of the Company's September 30, 2012 proved reserves to 725,882 barrels of oil, a 17% increase from the previously announced total of 620,000 barrels. The new total represents a 22% increase from the 595,000 barrels the Company had on September 30, 2011.

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