Mr. Paul Sparkes reports

VORTEX ENERGY'S COLLABORATION WITH THE UNIVERSITY OF ALBERTA RECEIVES ALBERTA INNOVATES FUNDING

Vortex Energy Corp.'s collaborative project with the University of Alberta (U of A) alongside Keyera Corp. titled "Field Trial of Hydrogen Storage in Canadian Domal and Bedded Salts" will receive a total of $1.2-million from the government of Alberta, through Alberta Innovates. As part of the collaboration, Vortex will provide the U of A with data, resources and core samples from the Robinsons River salt project. In return, the U of A has agreed to perform laboratory and mathematical analyses with the intent of designing and implementing the first field trial of hydrogen storage in a domal salt in Canada at the Robinsons River salt project.

The project is being supported by Alberta Innovates, in partnership with Natural Resources Canada, which is committing $22.5-million for 20 early-stage projects through the Hydrogen Centre of Excellence -- Competition 2. There were a total of 95 expressions of interest received for this competition. The University of Alberta will have 24 months to complete the work for projects funded by Alberta Innovates.

Paul Sparkes, chief executive officer, commented: "We are proud to be collaborating with the University of Alberta and would like to congratulate Dr. Dehghanpour and his team for receiving follow-on funding from Alberta Innovates. Alberta is an energy systems leader and we believe this partnership will play a critical role in the development of the first field trial of hydrogen storage at the Robinsons River salt project in Newfoundland. I'd also like to thank our management team and consultants who have been working tirelessly to secure funding for this project."

Building on its current fundamental research into hydrogen-rock interactions, the U of A team will develop protocols and guidelines to optimize locations, design specifications and operational parameters for hydrogen storage in the salt caverns proposed to be developed at the Robinsons River salt project. To achieve this goal, the research team will conduct proof-of-concept experiments on core samples and simulation studies to identify and develop solutions for challenges related to containment and contamination of stored hydrogen. The findings are expected to help to develop a multiphysics model to predict hydrogen transport and reactions in the caverns proposed to be developed at the Robinsons River salt project as functions of temperature, pressure, in situ stress, rock fabric and composition, and storage operational parameters.

Major laboratory infrastructure required for the proposed hydrogen-related experiments (core flooding systems, reactors and visualization systems) have been recently designed and built under a previous grant awarded to the research team by Alberta Innovates' Hydrogen Center of Excellence and the Natural Sciences and Engineering Research Council of Canada. As part of their partnership, Vortex and the U of A will actively seek out other provincial and federal grants available for hydrogen and green energy initiatives throughout North America. The company is also exploring the opportunity to use developed hydrogen caverns for compressed air energy storage.

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.

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