Vortex Metals Inc. announced that it has entered into a non-binding Letter of Intent (LOI) for an option to acquire up to an 80% Interest in the Illapel Copper Project, with SCM Ventana Minerals Group, a Chile based mining Company. The parties have agreed to a 90-day exclusivity period to negotiate the definitive agreement. Illapel Copper Project Highlights: F favorable Geology Extends north and south from the Mineralization at the Rio 27 Mine; Exploration Permits Ob obtained for Drilling and Exploration; High-Priority Drill-Ready Targets identified; Access to Paved Roads, Power Grid and Water; 8,000 Hectare Prospective Land Package; Adjacent to the Rio 27 Mine and Processing Plant; Year round drilling; Low Elevation- 1500 metres above sea level.

The Illapel Copper Gold project is located in the Commune of Illapel, Choapa Province of the Fourth Region of Chile and is 250 km north of Santiago. The nearest town is the mining centre of Illapel located 35 kilometres away. The project has excellent infrastructure connecting paved roads, electricity, and mild climate favourable to year-round exploration.

Illapel is fully permitted for exploration, and drilling may potentially commence immediately following the execution of the definitive agreement. The region surrounding Illapel has seen extensive mining activity, both past and present. Of particular note, the El Espino copper-gold (IOCG) Project (Engineering feasibility complete; awaiting environmental permits.

Source:) is located approximately 14km to the north, and is presently planned for development by Pucobre. Several small gold and copper mines also operate in the immediate area. The Illapel Project is adjacent to an existing mining operation owned by Ventana Group and known as the Rio 27 mine.

The Rio 27 mine has been in production since 2010 with its near-site processing plant.