Mr. Vikas Ranjan reports

VORTEX METALS CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Further to its news release dated July 9, 2026, Vortex Metals Inc. has closed the first tranche of its previously announced non-brokered private placement for gross proceeds of $485,500, comprising of 9.71 million units at a price of five cents per unit.

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 six cents per warrant for a period of three years from the date of issuance, subject to adjustment in certain events. The expiry date of the warrants is subject to acceleration such that, if after 12 months from the date of issuance, the closing price of the common shares on any Canadian stock exchange equals or exceeds 20 cents for 10 consecutive trading days, the company, within 15 business days of such event, shall be entitled to accelerate the expiry date of the warrants to a date that is 30 calendar days from the date that notice of such acceleration is given through news release by the company, with the new expiry date specified in such news release; any unexercised warrants shall automatically expire at the end of the accelerated exercise period.

In connection with the offering, the company paid cash commissions of $9,600 to certain finders and issued 192,000 non-transferable finder warrants. Each finder warrant entitles the holder thereof to purchase one common share at an exercise price of six cents per common share for a period of 36 months from the date of issuance, subject to the acceleration provision.

The company intends to use the gross proceeds of the offering to advance exploration activities at the company's projects in Chile and Mexico, pursue corporate development initiatives and for general working capital purposes.

All securities issued with respect to the offering are subject to a hold period expiring on Dec. 12, 2026, in addition to such other restrictions as may apply under applicable securities laws. The offering remains subject to final acceptance from the TSX Venture Exchange.

About Vortex Metals Inc.

Vortex Metals 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 up to an 80-per-cent interest in the brownfield Illapel copper project in Chile and, through its Mexican subsidiary Empresa Minera Acagold SA de CV, it owns a 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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