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Vortex Energy Corp (2)
Symbol VRTX
Shares Issued 15,061,201
Close 2026-04-30 C$ 0.53
Market Cap C$ 7,982,437
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Vortex Energy hires LFS to rework data on salt project

2026-04-30 17:21 ET - News Release

Mr. Paul Sparkes reports

VORTEX ENERGY ANNOUNCES INTENT TO ADVANCE NEXT PHASE OF TECHNICAL WORK AT THE ROBINSONS RIVER SALT PROJECT AND ENGAGES LONQUIST

Vortex Energy Corp. intends to advance the next phase of technical work at its Robinsons River salt project, located approximately 35 kilometres south of Stephenville, Newfoundland and Labrador, and to announce that it has engaged Lonquist Field Service (Canada) ULC as the primary technical contractor for the work program. Lonquist is a technical engineering, geological and consulting firm with experience in underground storage, salt cavern development, drilling, geophysical interpretation and greenfield project feasibility.

The project has been previously advanced through geophysical and drilling work that identified multiple potential salt structures. The company believes that a comprehensive compilation and evaluation of these data sets is an important step in progressing toward a more focused development strategy. The upcoming work program will include the reinterpretation of existing gravity data, a review of previous drilling programs, and the integration of all available geological, geophysical and drilling data sets to develop a comprehensive subsurface model. This structured technical framework will support the evaluation of prospective salt structures, improve the application of existing geophysical and drilling data, inform future drilling considerations, and help identify the most appropriate next steps for advancing the project.

"This next phase of work is a logical step forward in advancing Robinsons River," said Paul Sparkes, chief executive officer of Vortex Energy. "Lonquist brings specialized experience in salt cavern development, underground storage, drilling and geophysical interpretation, which aligns well with the next stage of work required at the project. Our goal is to improve our technical understanding using the data already available to the company, while developing a clearer framework for future work as we continue evaluating the project's underground storage potential."

Qualified person

The scientific and technical content of this news release has been reviewed, verified and approved by Jared Suchan, PhD, PGeo, vice-president of exploration at the company, and a qualified person as defined by National Instrument 43-101.

For a discussion of the company's QA/QC (quality assurance/quality control) and data verification processes and procedures, please see the company's technical report entitled, independent technical report on the Robinsons River salt property dated July 31, 2023, a copy of which may be obtained under the company's profile.

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 comprised of a total of 942 claims covering 23,500 hectares located approximately 35 linear km 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 also currently advancing its Fire Eye uranium property in the Athabasca basin, a region renowned for its uranium deposits.

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