Vortex Energy Completes High-Resolution UAV Magnetic Survey at the North Block of the Robinsons River Salt Project

Magnetic Survey Identifies Key Structural Features Advancing Cavern Storage Potential at the Robinsons River Salt Project

VANCOUVER, British Columbia, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) (“Vortex” or the “Company”) is pleased to announce the successful completion of a high-resolution UAV magnetic survey at the north block of the Company’s Robinsons River Salt Project (“The Project”) in southwestern Newfoundland. Conducted by EarthEx Geophysical Solutions, the survey marks the next step in advancing exploration.

The UAV survey utilized cutting-edge technology to acquire high-resolution magnetic data across three target areas, with 25-meter line spacing and precise terrain-following capabilities. The results successfully identified magnetic anomalies that reveal structural features across various parts of the project. These findings suggest that magnetic surveys may be able to effectively distinguish subsurface structures relating to salt formations suitable for cavern storage development.

The success of this survey demonstrates the value of magnetic studies in mapping structural features and supports the case for expanding geophysical exploration at the Project. Future magnetic studies, combined with complementary techniques such as seismic and gravity surveys, could further refine the understanding of salt deposit occurrences and enhance targeting for cavern storage potential.

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Figure 2 TOP LEFT: Residual magnetic intensity using a linear colour stretch; TOP RIGHT: First vertical derivative of the residual magnetic intensity using a linear colour stretch; BOTTOM LEFT: Residual magnetic intensity with a non-linear colour stretch; BOTTOM RIGHT: First vertical derivative of the residual magnetic intensity with a non-linear colour stretch.

The scientific and technical content of this news release has been reviewed, verified and approved by Jared Suchan, Ph.D., P.Geo., Technical Advisor at the Company, and a “Qualified Person” as defined by National Instrument 43-101. Verification included a thorough review of the magnetic survey methodologies, data acquisition parameters, and processed results provided by EarthEx Geophysical Solutions.

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 Robinsons 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 Robinsons River Salt Project is prospective for both salt and hydrogen salt cavern storage. The Company is also evaluating technologies to efficiently store hydrogen or energy in salt caverns. The Company is also currently advancing its Fire Eye Uranium Property in the Athabasca Basin, a region globally renowned for its uranium deposits.

For further information, investors are encouraged to review the Company’s filings available at www.sedar.com.

On Behalf of the Board of Directors

Paul SparkesCEO, Vortex Energy Corp.