Exhibit 99.1

To

Schedule 13G

Joint Filing Agreement

The undersigned persons agree and consent to the joint filing on their behalf of this Schedule 13G dated February 14, 2014 in connection with their beneficial ownership of warrants of Vanguard Energy Corporation Chester L.F. Paulson and Jacqueline M. Paulson authorize Paulson Investment Company, Inc. and Paulson Capital Corp. to execute the Schedule 13G to which this Exhibit is attached and make any necessary amendments thereto.

By: /s/ Chester L.F. Paulson           

       Chester L.F. Paulson

        Individually

By: /s/ Jacqueline M. Paulson       

        Jacqueline M. Paulson

        Individually

PAULSON CAPITAL CORP.

By: /s/ Trent Davis                         

       Trent Davis

        President

PAULSON INVESTMENT COMPANY

By: /s/ Trent Davis                       

       Trent Davis

        CEO