Vortex Metals closes first tranche private placement

Vancouver, British Columbia--(Newsfile Corp. - August 11, 2026) - Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTCQB: VMSSF) (" Vortex " or the " Company ") is pleased to announce that, further to its news release dated July 9, 2026, it has closed the first tranche of its previously announced non-brokered private placement (the " Offering ") for gross proceeds of $485,500 comprising of 9,710,000 units (each, a " Unit ") at a price of $0.05 per Unit.

Each Unit consists of one common share in the capital of the Company (a " Common Share ") and one-half of one Common Share purchase warrant (each whole warrant, a " Warrant "). Each Warrant is exercisable into one Common Share at a price of $0.06 per Warrant for a period of three years from the date of issuance, subject to adjustment in certain events. The expiry date of the Warrants is subject to acceleration such that, if after 12 months from the date of issuance, the closing price of the Common Shares on any Canadian stock exchange equals or exceeds $0.20 for 10 consecutive trading days, the Company, within 15 business days of such event, shall be entitled to accelerate the expiry date of the Warrants to a date that is 30 calendar days from the date that notice of such acceleration is given via news release by the Company (the " Accelerated Exercise Period "), with the new expiry date specified in such news release; any unexercised Warrants shall automatically expire at the end of the Accelerated Exercise Period (the " Acceleration Provision ").

In connection with the Offering, the Company paid cash commissions of $9,600 to certain finders and issued 192,000 non-transferable finder's warrants (the " Finder's Warrants "). Each Finder's Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.06 per Common Share for a period of 36 months from the date of issuance, subject to the Acceleration Provision.

The Company intends to use the gross proceeds of the Offering to advance exploration activities at the Company's projects in Chile and Mexico, pursue corporate development initiatives and for general working capital purposes.

All securities issued with respect to the Offering are subject to a hold period expiring on December 12, 2026, in addition to such other restrictions as may apply under applicable securities laws. The Offering remains subject to final acceptance from the TSX Venture Exchange (the " TSXV ").

None of the securities sold under the Offering have been or will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Vortex Metals Inc.

Vortex Metals Inc. is a copper focused exploration and development company with a diversified portfolio of exploration projects in Chile and Mexico. Vortex holds an option to acquire up to 80% interest in the brownfield Illapel Copper Project in Chile and through its Mexican subsidiary Empresa Minera Acagold, S.A. de C.V., it owns 100% interest in two drill-ready high-potential copper-gold volcanogenic massive sulfide (VMS) properties, Riqueza Marina and Zaachila, in Oaxaca, Mexico. The Company emphasizes responsible exploration, community engagement, and environmental stewardship to meet the rising global demand for copper.