Vortex Energy Corp. announced the completion of drill planning for the third exploration drill hole at the Robinsons River Salt Project (the ?Project?). The Company is currently preparing for drill mobilization, scheduled to commence in April 2024.

Furthermore, Vortex has been awarded a $115,500 grant from the Government of Newfoundland and Labrador, Department of Industry, Energy and Technology Mineral Incentive Program ? Junior Exploration Assistance program. This grant is in recognition of prior exploration expenditures made on the Project.

Under the geological support and operational management of Respec Consulting Inc. (?RESPEC?), FTE Drilling (?FTE?) and Major Drilling Group International Inc. (?Major?) have been engaged to conduct drilling activities. The Company plans to drill a 1,000-meter deep core hole at the Project. Mobilization is anticipated to commence in mid-April, subject to road and weather conditions, and conclude by late April.

Drilling operations are expected to commence in the first two weeks of May. The Company plans to utilize two drilling companies and drill rigs to drill hole three. FTE will drill and case the hole to a depth of 350 meters into the anhydrite caprock over the salt.

Major will then put their coring drill rig over the cased hole and lower their rods to the bottom of the casing and begin coring from 350 meters to a depth of 1,000 meters. This strategic approach is expected to help to avoid the challenging geologic zones experienced in core hole one and two and enhance overall project success. The objective of the drill program ongoing at the Project is to confirm the depth of the salt structure, conduct in situ geophysical logs to acquire rock properties, and obtain core samples for geological and geochemical analyses of both salt and non-salt rocks.

Notably, during the drilling of the first core well, the Company identified the salt rock top at a depth of 581.5 meters within the Western Salt Structure. The Company aims to confirm the presence of salt at the third core well location and acquire additional rock samples for geological research and testing.