Vortex Energy closes LIFE offering

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, July 13, 2026 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX ) (OTC: VTECF ) (FSE: AA3 ) (“ Vortex ” or the “ Company ”) announces that it has closed its previously announced non-brokered private placement financing (the “ Private Placement ”). The Company issued an aggregate of 5,000,000 units of the Company (the “ Units ”) at a price of $0.30 per Unit for gross proceeds of $1,500,000.

Each Unit is comprised of one common share (each a “ Share ”) and one Share purchase warrant (each a “ Warran t”). Each Warrant entitles the holder to purchase one Share at an exercise price of $0.45 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 fund the Company’s ongoing 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 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 at www.sedarplus.ca and on the Company’s website at www.vortexenergycorp.com. 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 finder’s warrants (the “ Finder’s Warrants ”) in connection with the closing of the Private Placement. Each Finder’s Warrant entitles the holder to purchase one (1) additional Share (“ Finder’s Warrant Share ”) at a price of $0.45 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 (“ NI 45-106 ”), 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).

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful.