Mr. Paul Sparkes reports

VORTEX ENERGY CLOSES PURCHASE OF ADDITIONAL MINERAL LICENSE IN NEWFOUNDLAND

Vortex Energy Corp. has closed the previously announced purchase of an additional mineral licence contiguous to the northern border of its Robinsons River salt property in Newfoundland and Labrador from Galloper Gold Corp.

The Company paid C$162,800 in cash and issued 750,000 common shares of the Company ("Vortex Shares") to Galloper in connection with the closing of the Transaction. In addition, subject to the terms of the property purchase agreement with respect to the Transaction, the Company has agreed to (i) issue an additional 1,000,000 Vortex Shares to Galloper in the event that the Company completes a drill hole on the Mineral License which intersects a core length of at least 300 meters with an average grade of at least 90% Sodium Chloride and (ii) issue an additional 3,000,000 Vortex Shares and pay an additional C$1,000,000 to Galloper if the Company utilizes, on a commercial basis, any salt caverns on the Mineral License for underground energy storage (collectively, the "Milestones").

Paul Sparkes, Chief Executive Officer of the Company, commented, "Combining the Robinsons River Salt Property with the Mineral License will create synergies of scale and we believe will improve the exploration potential of the Robinsons River Salt Property. We are thrilled to be in a position to unlock exciting new exploration opportunities and are focused on continuing to make progress at the Robinsons River Salt Property."

All Vortex Shares issued pursuant to the Transaction are subject to an eighteen-month contractual escrow arrangement, during which time, subject to customary exceptions, such Vortex Shares may not be traded without the prior approval of the Company. The Vortex Shares issued pursuant to the Transaction will be released from the escrow arrangement in three equal tranches: one-third will be released after six-months, a further one-third after twelve-months and the remaining one-third after eighteen-months. In addition, all Vortex Shares issued pursuant to the Transaction shall be subject to a statutory four-month hold period pursuant to applicable Canadian securities laws. Galloper has also agreed to customary "orderly sale" provisions with respect to sales by Galloper of any Vortex Shares issued to Galloper in respect of the achievement of the Milestones, pursuant to which Galloper is required to give prior notice of a proposed sale of such Vortex Shares to the Company and to allow the Company a period of time to organize a buyer for such Vortex Shares.

About Vortex Energy Corp.

Vortex Energy Corp. is an exploration stage company engaged principally in the acquisition, exploration, and development of mineral properties in North America. The Company is currently advancing its Robinson River Salt Project located approximately 35 linear km south of the town of Stephenville in the Province of Newfoundland & Labrador covering over 17,000 hectares. Leveraging the Robinson River Salt Project, the Company is also exploring the development of technologies to efficiently store green Hydrogen in Salt Caverns. Vortex also holds the Fire Eye Project, which is located in the Wollaston Domain of Northern Saskatchewan, Canada.

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