Mr. Paul Sparkes reports

VORTEX ENERGY CORP. ANNOUNCES CLOSING OF LIFE OFFERING

Vortex Energy Corp. has closed its previously announced non-brokered private placement financing. The company issued an aggregate of five million units of the company at a price of 30 cents per unit for gross proceeds of $1.5-million.

Each unit comprises one common share and one share purchase warrant. Each warrant entitles the holder to purchase one share at an exercise price of 45 cents for a period of 24 months from the closing date of the private placement. The warrants are subject to a 60-day hold period.

The net proceeds of the private placement are intended to be used to finance the company's continuing operations, including exploration activities at the Robinsons River salt property and Fire Eye property in the form of sampling, geophysical surveys, exploration reporting and mapping, for general and administrative expenditures, including investor awareness and promotional expenditures, and for general working capital purposes. There is an offering document dated June 30, 2026, related to the private placement that can be accessed under the company's profile on SEDAR+ and on the company's website. This offering document contains additional details regarding the private placement, including details regarding the expected use of proceeds from the private placement.

The company issued 336,000 finders' warrants in connection with the closing of the private placement. Each finder's warrant entitles the holder to purchase one additional share at a price of 45 cents per finder's warrant share for a period of 24 months from the closing date of the private placement.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, Prospectus Exemptions, the units issued under the private placement were offered for sale to purchasers resident in all of the provinces of Canada (except Quebec) pursuant to the listed issuer financing exemption under Part 5A.2 of NI 45-106. Pursuant to NI 45-106, the securities issued to Canadian resident subscribers under the private placement are not subject to resale restrictions (with the exception of the warrants, which, as noted above, will be subject to a 60-day hold period).

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, comprising a total of 942 claims covering 23,500 hectares, located approximately 35 linear kilometres 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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