Mr. Paul Sparkes reports

VORTEX ENERGY CORP. ANNOUNCES PRIVATE PLACEMENT

Vortex Energy Corp. intends to complete a non-brokered private placement financing of up to 3.75 million units of the company at a price of 40 cents per unit for aggregate gross proceeds of up to $1.5-million.

Each unit shall consist of one common share in the capital of the company and one share purchase warrant, with each warrant entitling the holder thereof to purchase a share at an exercise price of 50 cents for a period of 24 months from the date of issuance.

Closing of the private placement is anticipated to occur on or about Jan. 12, 2024. Closing is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. The net proceeds of the private placement are intended to be used for general and administrative expenditures.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, Prospectus Exemptions, the units issuable under the private placement will be offered for sale to purchasers resident in all of the provinces of Canada (except Quebec) pursuant to the listed issuer financing exemption (LIFE) under Part 5A.2 of NI 45-106. Because the private placement is to be completed pursuant to the LIFE exemption, the securities issued to Canadian resident subscribers in the private placement will not be subject to resale restrictions in accordance with applicable Canadian securities laws.

There is an offering document dated Dec. 28, 2023, related to the private placement that can be accessed under the company's profile on SEDAR+ and on the company's website. This offering document contains additional details regarding the private placement, including additional details regarding the expected use of proceeds from the private placement. Prospective investors should read this offering document before making an investment decision.

The company also notes that it will no longer be moving forward with the non-flow-through offering it had announced on Nov. 28, 2023.

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 Robinsons River salt project is prospective for both salt and hydrogen salt cavern storage. The company is also evaluating technologies to efficiently store hydrogen or energy in salt caverns. Vortex also holds the Fire Eye project, which is located in the Wollaston domain of Northern Saskatchewan, Canada.

We seek Safe Harbor.