Mr. Paul Sparkes reports

VORTEX ENERGY ANNOUNCES ITS 2023 FALL PROGRAM ON ITS ROBINSONS RIVER SALT PROJECT

Vortex Energy Corp. has signed an extension agreement with RESPEC Consulting Inc., the company's strategic contracted technical and operational partner, for the coming drilling program at Vortex's 23,500-hectare Robinsons River salt project in Newfoundland and Labrador. The phase II agreement characterizes and defines RESPEC's scope of work.

In April, 2023, Vortex engaged RESPEC to evaluate the possibility of a salt resource and hydrogen storage salt cavern potential on the property at the project. The major conclusions from the phase I study were:

• Two major salt structures are present within the project boundary with a maximum thickness of at least 1,800 metres (m).
• The East salt structure spans an area of approximately 7,000 metres by 3,400 metres whereas the West salt structure spans an area of approximately 7,100 m by 3,600 m.
• The East salt structure can potentially hold approximately 550,000 tonnes of hydrogen in more than 35 caverns, and the West salt structure can potentially hold approximately 250,000 tonnes of hydrogen in more than 25 caverns.

In phase II, two core wells will be drilled to confirm the depth of the salt structures and attain the geological properties of the salt and non-salt rocks. As an integrated company, RESPEC will lead all required responsibilities to complete the scope of work, including project management, well design, cost estimates, procurement, active drilling management, data collection, testing and technical reporting.

RESPEC has structured the phase II initiative into four distinct phases:

• Task 1: predrilling planning and well design;
• Task 2: permitting and procurement of services;
• Task 3: active drilling contractor management;
• Task 4: comprehensive geological reporting.

Once permitted, the drilling program is estimated to take approximately 16 weeks to complete. Vortex was recently awarded a Junior Exploration Program grant of $26,117.98 through the mineral development division of Newfoundland and Labrador. This grant will be utilized to offset the expenditures associated with phase II of the program.

"We are excited to continue building our relationship with RESPEC as our trusted partner for exploration work on our Robinsons River salt project," said Paul Sparkes, chief executive officer. "Sustaining this partnership underscores the calibre of the work accomplished by both the company and RESPEC during the initial exploration work. Furthermore, the company is pleased to have received a grant from the mineral development division of Newfoundland and Labrador, enabling the utilization of funds in support of the phase II drilling program."

Qualified person

The technical content of this news release has been reviewed and approved by Piotr Kulkialka, PGeo, who is acting as a consultant to the company and is a qualified person as defined by National Instrument 43-101.

About Vortex Energy Corp.

Vortex Energy 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 comprising a total of 942 claims covering 23,500 hectares located approximately 35 linear kilometres south of the town of Stephenville in the province of Newfoundland and Labrador. The Robinson River salt project is prospective for both salt and hydrogen salt cavern storage. The company is actively evaluating technologies to efficiently store hydrogen or energy in salt caverns. Vortex Energy also holds the Fire Eye project, which is located in the Wollaston domain of Northern Saskatchewan, Canada.

We seek Safe Harbor.