Vault America, Inc. — Company Funding Delayed

CALGARY, AB–(EMWNews – August 14, 2008) – VAULT AMERICA, INC. (OTCBB: VAMA) — Hal

Schultz, President of Vault America, Inc. (“Vault”), reports that the

Company has not yet realized any funds from the earlier announced private

placement. Citing market conditions as being the primary reason for the

delay, Schultz states that the Company is continuing in its efforts to

obtain additional or alternative sources of capital.

The Company also reports the resignation of Richard Landerman from the

Company’s board of directors. Mr. Landerman is planning to devote all of

his time to another business venture and felt he would not be as readily

available as necessary as he would have liked in order to be properly

involved with the Company’s business. “We would like to thank Mr.

Landerman for his efforts on our behalf over the years and wish him well

with his other endeavors,” said Schultz. “His departure creates a casual

vacancy on the Company’s board which we expect to fill in the very near

future.”

Cautionary Statement: This news release may include certain

“Forward-looking statements” within the meaning of Section 21E of the

United States Securities Exchange Act, as amended. All statements, other

than statements of historical fact, included in this release are

forward-looking statements that involve various risks and uncertainties.

There can be no assurance that such statements will prove to be accurate

and actual results and future events could differ materially from those

anticipated in such statements. All forward-looking statements in this

release are expressly qualified by this notice.