Vortex Metals upsizes private placement to $1,400,000

Vancouver, British Columbia--(Newsfile Corp. - September 22, 2026) - Vortex Metals Inc. (TSXV: VMS) (OTCQB: VMSSF) (FSE: DM8) (" Vortex " or the " Company ") announces that due to significant demand, it has increased the size of its previously announced non-brokered private placement of securities (the " Offering ") from up to 20,000,000 units (the " Units ") to up to 28,000,000 Units at a price of $0.05 per Unit, resulting in aggregate gross proceeds of up to $1,400,000 under the Offering.

The Company closed the first tranche of the Offering on August 11, 2026 through the issuance of 9,710,000 Units for gross proceeds of $485,500. The Company intends to close a second tranche of up to 18,290,000 Units for gross proceeds of up to $914,500 by October 24, 2026 (the " Second Tranche "), in accordance with an extension granted by the TSX Venture Exchange (" TSXV ").

Each Unit will consist of one common share of the Company (a " Share ") and one-half of one common share purchase warrant (each whole warrant, a " Warrant "). Each Warrant will entitle the holder thereof to purchase one additional Share for a period of 36 months from the date of issuance at an exercise price of $0.06 per Share, subject to adjustment in certain events.

The expiry date of the Warrants will be subject to acceleration such that, if after 12 months from the date of issuance, the closing price of the 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 net proceeds from the Offering will be used to advance exploration activities at the Company's projects in Chile and Mexico, pursue corporate development initiatives and for general working capital.

The Company may pay finders' fees comprised of cash and non-transferable Share purchase warrants in connection with the Second Tranche, subject to compliance with the policies of the TSXV.

For more information on the Offering, please refer to the Company's news releases dated July 9, 2026, August 11, 2026 and August 20, 2026.

All securities issued under the Offering will be subject to a hold period expiring four months and one day from the date of issuance in accordance with applicable securities laws. Completion of the Offering and the payment of any finders' fees remain subject to receipt of further subscriptions and all necessary corporate and regulatory approvals, including the approval of the TSXV.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " 1933 Act "), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.