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Vortex Energy Corp
Symbol VRTX
Shares Issued 70,899,237
Close 2023-10-13 C$ 0.64
Market Cap C$ 45,375,512
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Vortex Energy receives OK for Robinsons drilling

2023-10-16 14:18 ET - News Release

Mr. Paul Sparkes reports

VORTEX ENERGY DIAMOND CORE DRILLING APPLICATION APPROVED FOR EXPLORATION AT THE ROBINSONS RIVER SALT PROJECT

Vortex Energy Corp. has received approval from the Mineral Lands Division, Department of Industry, Energy & Technology, Newfoundland and Labrador, of its application for exploration approval for the 23,500-hectare Robinsons River salt project. The permit application was submitted on August 24th, 2023 by RESPEC Consulting Inc. ("RESPEC") who has been commissioned to conduct the proposed work on behalf of Vortex.

The drilling permit allows for two diamond cored wells to be drilled on the Property (see Figure 1 below). The wells are designed to confirm the depth of the salt rock structures and attain the geological properties of the salt and non-salt rocks. As an integrated company and an expert in salt cavern development, RESPEC will lead all required responsibilities to complete the planned exploration work, including project management, well design, procurement, active drilling, core recovery and wireline management, data collection, testing and technical reporting. The Company will also provide core samples to the University of Alberta for hydrogen testing and sampling as part of the recently announced collaborative research partnership between Vortex and the University of Alberta.

Paul Sparkes, Chief Executive Officer, commented, "We are excited to move forward with this inaugural diamond core drilling program on the Property. The Company will use the funds that it was awarded under the Junior Exploration Assistance Mineral Incentive Program towards this drilling program."

Sparkes continued, "We believe the Robinsons River Salt project could become a cornerstone of economic growth in the region and we look forward to continuing to liaise with the local community with respect to the project."

The Company is committed to working closely with the local community and government agencies in an effort to ensure that the Company's exploration program on the Property meets all environmental and safety standards.

Figure 1: Robinsons River Drill Site A & B

Qualified Person

The technical content of this news release has been reviewed and approved by Piotr Kulkialka, P.Geo, who is acting as a consultant to the Company and is a "Qualified Person" as defined by National Instrument 43-101.

About RESPEC Consulting Inc.

RESPEC is a global leader in diverse technologies and draws from a wide array of expertise, products, and services to deliver world-class solutions for business, mining, energy, water, natural resources, urban development, infrastructure, and enterprise services. RESPEC's subsurface experts have evaluated over 1,000 caverns in nearly every major cavern storage region in the world. RESPEC's over 50-year history underground has helped to pioneer in-house specialty software and rock lab testing that focuses on designing solution-mined and conventionally mined storage caverns. RESPEC also plays a similar role with the ACES Delta in Utah, the world's largest green hydrogen project under construction.

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 Robinsons River Salt Project comprised of a total of 942 claims covering 23,500 hectares located approximately 35 linear kms south of the town of Stephenville in the Province of Newfoundland & Labrador. The Robinsons 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 Corp. also holds the Fire Eye Project, which is located in the Wollaston Domain of northern Saskatchewan, Canada.

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