Vortex Energy Corp. announced that the Company 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 "Property"). 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. 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. In particular, this press release contains forward-looking information relating to, among other things, the exploration plans of the Company for the Property, including the nature and type of the Company's exploration activities, the timing of such exploration activities and the aim of the Company's exploration efforts; the expected benefits of the Company's use of RESPEC to complete the proposed exploration activities; the prospect of the Property becoming a cornerstone of economic growth in the region; and the Company's ability to comply with all applicable environmental and safety standards. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including, in respect of the forward-looking information included in this press release, assumptions regarding the Company's ability to execute on its exploration plans for the Property, including that it will be successful in carrying out such exploration activities and that such exploration activities will accomplish yield the expected information and the desired outcomes; that the Company's use of RESPec to carry out the exploration activities will yield the anticipated benefits to the Company and the Property; that the Company's exploration and development activities on the Property will be successful and that the Company will be successful in developing the Property into an economically beneficial commercial project; that the Company will be successful In its efforts to comply with all applicable environmental & safety standards.

Although forward-looking information is based on the reasonable assumptions of the Company's management, there can be no assurance that any forward-looking information will prove to be accurate.