Mr. Vikas Ranjan reports

VORTEX METALS ANNOUNCES FURTHER EXTENSION OF NON-BROKERED PRIVATE PLACEMENT

Further to the news releases dated March 9, 2026, April 8, 2026, and April 16, 2026, Vortex Metals Inc. has applied to the TSX Venture Exchange for a further price protection extension to May 30, 2026, 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 company intends to complete the second tranche within the 1-1/2 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 by 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-V. 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 of 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 an up-to-80-per-cent interest in the brownfield Illapel copper project in Chile, and, through its Mexican subsidiary Empresa Minera Acagold SA de CV, it owns a 100-per-cent interest in two drill-ready high-potential copper-gold volcanogenic massive sulphide 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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