Vertical Announces Financing Extension

Suite 1240- 789 West Pender St.

Vancouver, British Columbia V6C 1H2

VERTICAL ANNOUNCES FINANCING EXTENSION

March 4th, 2020, VANCOUVER, B.C. – VERTICAL EXPLORATION INC. (TSX-V: VERT) (“Vertical” or “the

Company”) announces that it is extending closing of the previously announced private placement (see

Press Release dated January 24, 2020) from March 9, 2020 to April 15th, 2020.

Terms remain the same, a non-brokered private placement of up to 26 million units ("Units") at a price

of $0.05 per Unit for aggregate gross proceeds of $1,300,000.00 (the "Offering"). Each Unit will be

comprised of one common share of the Company ("Share") and one -half of one transferable share

purchase warrant of the Company (“Warrant"). Each who le Warrant will entitle the Subscriber to

purchase one Warrant Share for a 24 -month period after the Closing Date at an exercise price of $0.07

per share. Proceeds raised from the Offering will be used to advance the Company’s St. Onge project in

Quebec, for general working capital and unallocated funds as per Tier 2 status requirements.

Finders' fees may be payable on the private placement, subject to the policies of the TSX Venture

Exchange.

This offering is subject to TSX Venture Exchange acceptance.

ABOUT VERTICAL EXPLORATION

Vertical Exploration’s mission is to identify, acquire, and advance high potential mining prospects located in North

America for the benefit of its stakeholders. The Company’s flagship St-Onge Wollastonite property is located in

the Lac-Saint-Jean area in the Province of Quebec.

ON BEHALF OF THE BOARD

Peter P. Swistak, President

FOR FURTHER INFORMATION PLEASE CONTACT: Telephone: 1-604-683-3995 Toll Free: 1-888-945-4770

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.