Mr. Vikas Ranjan reports

VORTEX METALS CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Vortex Metals Inc. has closed the first tranche of its previously announced non-brokered private placement, whereby the company has completed the issuance of 5,036,700 units at a price of eight cents per unit for gross proceeds of $402,935.96.

Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant is exercisable into one common share at a price of 12 cents per warrant for a period of two years from the date of issuance.

The company intends to use the proceeds of the first tranche for exploration activities at the company's Illapel copper project in Chile and for general working capital purposes.

In connection with the first tranche, the company issued 15,000 finders' warrants and paid commissions of $1,200 to certain finders. Each finder's warrant entitles the holder to purchase an additional common share at a price of 12 cents for a period of 24 months from the date of issuance.

All securities issued with respect to the first tranche, including the finders' warrants, will be subject to a hold period expiring on May 14, 2025, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The company anticipates closing a second tranche of the private placement, subject to customary closing conditions, including approval of the TSX Venture Exchange.

In connection with the closing, insiders of the company subscribed for a total of 575,000 units, for a subscription price of $46,000, under the private placement. The insider subscription constitutes a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Securityholders in Special Transactions. The company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a), respectively, in respect of the insider subscription as the fair market value of the units issued to insiders in connection with the private placement does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101. The company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the private placement, which the company deems reasonable in the circumstances in order to complete the private placement in an expeditious manner.

About Vortex Metals Inc.

Vortex is a copper-focused exploration and development company with a diversified portfolio of exploration projects in Chile and Mexico. Vortex holds an option to acquire an up-to-80-per-cent interest in the brownfield Illapel copper project in Chile and, through its Mexican subsidiary, Empresa Minera Acagold S.A. de C.V., it owns 100-per-cent interest in two drill-ready high-potential copper-gold volcanogenic massive sulphide (VMS) properties, Riqueza Marina and Zaachila, in Oaxaca, Mexico. The company emphasizes responsible exploration, community engagement and environmental stewardship to meet the rising global demand for copper.

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