Mr. Vikas Ranjan reports

VORTEX METALS ANNOUNCES EXTENSION OF NON-BROKERED PRIVATE PLACEMENT

Further to Vortex Metals Inc.'s news releases dated March 9, 2026, and April 8, 2026, the company has applied to the TSX Venture Exchange for a 30-day price protection extension to complete the second tranche of its previously announced non-brokered private placement of units of the company at a price of five cents per unit (the second tranche). The company intends to complete the second tranche in the next few weeks.

Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant is exercisable into one common share at a price of six cents per warrant for a period of three years from the date of issuance, subject to adjustment in certain events. The expiry date of the warrants is subject to acceleration such that, if after 12 months from the date of issuance, the closing price of the common shares on any Canadian stock exchange equals or exceeds 20 cents for 10 consecutive trading days, the issuer, within 15 business days of such event, shall be entitled to accelerate the expiry date of the warrants to a date that is 30 calendar days from the date that notice of such acceleration is given via news release by the issuer, with the new expiry date specified in such news release; any unexercised warrants shall automatically expire at the end of the accelerated exercise period.

The company intends to use the proceeds of the second tranche for exploration activities at the company's Illapel copper-silver project in Chile and for general working capital purposes.

Closing of the second tranche is subject to receipt of further subscriptions and all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued with respect to the second tranche will be subject to a hold period expiring four months and one day after the date of issuance, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

About Vortex Metals Inc.

Vortex Metals is a copper-focused exploration and development company with a diversified portfolio of exploration projects in Chile and Mexico. Vortex holds an option to acquire up to 80-per-cent interest in the brownfield Illapel copper project in Chile and, through its Mexican subsidiary Empresa Minera Acagold S.A. de C.V., it owns 100-per-cent interest in two drill-ready high-potential copper-gold volcanogenic massive sulphide (VMS) properties, Riqueza Marina and Zaachila, in Oaxaca, Mexico. The company emphasizes responsible exploration, community engagement and environmental stewardship to meet the rising global demand for copper.

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