Vortex Energy Announces Commencement of Drilling at the Robinsons River Salt Project

The Company has initiated drilling of the third core well location at the Robinsons River Salt Project, Newfoundland & Labrador.

VANCOUVER, British Columbia, June 24, 2024 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) ("Vortex” or the "Company") is pleased to announce the commencement of drilling on the third core well located at its Robinsons River Salt Project (the “Project”), located near Stephenville, Newfoundland & Labrador. The drilling is being conducted by Forage FTE Drilling (“FTE”) and Major Drilling International Inc (“Major Drilling”) under the support and oversight of the Company’s consultant partner, RESPEC Consulting Inc. (“RESPEC”), a leader in the design, development, and operations of underground cavern storage.

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The Company worked extensively with RESPEC and the drilling contractors to design a more comprehensive and robust well design and drilling program for the drilling of the third core well. While the Company had anticipated commencing drilling in May, 2024, the more comprehensive drilling planned for the third core well required the submission of an additional “Application for Exploration Approval”, which was submitted by the Company on April 19th, 2024 and was subsequently approved by the Department of Industry, Energy, and Technology, Newfoundland and Labrador, on May 31st, 2024.

The Company plans to drill one drill hole to a total depth of 1,000 meters, using a combination of reverse circulation and diamond drilling. The objective of the drilling is to confirm the depth of the salt structures and attain the geological and geochemical properties of the salt and non-salt rocks. In addition to the testing and data collection that RESPEC will complete on any core samples generated from drilling, the Company will also provide any such core samples to the University of Alberta for hydrogen testing and sampling. On April 29, 2024, Vortex’s collaboration with the University of Alberta received Alberta Innovates Funding totaling $1.2 million for the project titled “Field Trial of Hydrogen Storage in Canadian Domal and Bedded Salts.”

Paul Sparkes, Chief Executive Officer, commented, "We are pleased to announce the commencement of drilling on the third core well at the Project. We believe that our team and contractors have created a plan that will address the geological challenges encountered in the drilling of hole one and hole two. We are optimistic that this third well will be successful and that it will allow us to proceed with testing the salt mineralization encountered during drilling for energy storage applications, including hydrogen or compressed air energy storage.”

About Vortex Energy Corp.

Vortex Energy Corp. 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 kms south of the town of Stephenville in the Province of Newfoundland & Labrador. The Robinson River Salt Project is prospective for both salt and hydrogen salt cavern storage. The company is actively evaluating technologies to efficiently store hydrogen or energy in salt caverns. Vortex Energy Corp. also holds the Fire Eye Project, which is located in the Wollaston Domain of northern Saskatchewan, Canada.