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VERT.V ·

Vertical Announces Strong Results from Its 2020 Wollastonite Research and Development Program with Agrinova

Corporate Updates

Suite 1240- 789 West Pender St.

Vancouver, British Columbia V6C 1H2

VERTICAL ANNOUNCES STRONG RESULTS FROM ITS 2020 WOLLASTONITE

RESEARCH AND DEVELOPMENT PROGRAM WITH AGRINOVA

VANCOUVER, BC / February 22, 2021 / VERTICAL EXPLORATION INC. (TSX-V: VERT)

("Vertical"or "the Company") would like to provide an update regarding the positive results it has

received from its 2020 Crop Year research and development program that was conducted by

AGRINOVA using wollastonite from the Company’s St-Onge deposit. All of the research and testing

for the 2020 program was managed and monitored by AGRINOVA, a highly regarded Center for

Research and Innovation in Agriculture in Quebec, in an effort to optimize the potential agricultural

uses of wollastonite and help improve production methods for farmers and agricultural companies

located in Quebec.

Vertical first appointed AGRINOVA in 2018 to carry out a series of research programs related to the

development of a range of agricultural applications for the Company’s St-Onge wollastonite deposit

located near Lac-Saint-Jean, Quebec.

In its 2020 program report AGRINOVA again reported positive and encouraging results for Vertical’s

wollastonite related to agricultural applications, similar to past reports it provided to the Company

during its 2018 and 2019 research and development work. AGRINOVA again noted that wollastonite

has many important potential agricultural benefits including biological pest control, increased crop

yields achieved by enhancing plant immunity, and having unique properties that allow it to serve as a

natural bedding for odor management and improved animal hygiene.

AGINOVA’s 2020 field research program involved working with an agricultural producer from the

Nordic Organic Field Crops Innovation Group that volunteered to test Vertical’s wollastonite on its farm

with technical and scientific support from AGRINOVA. The main objective of the 2020 program was to

experiment with the application of wollastonite in Nordic’s organic field crops, Including comparing the

yields obtained with and without the application of wollastonite and to briefly assess the marginal

benefits per hectare of such application.

In spring 2020, two experiments were set up to test the application of wollastonite in human food

wheat (a grass) and organic soybeans (a legume) at the producer’s farm. The full-block devices

included four application rates of wollastonite (0, 1.2, 2.5 and 5t /ha), as recommended in the original

2018 study. The results clearly indicate that the application of wollastonite increases yields at

prescribed doses – the reported increase was 8% in organic wheat and 7% in organic soybeans.

Most importantly, AGRINOVA calculated that the financial benefits of applying wollastonite at a rate of

2.5 kg/ha are calculated to be in the order of $125/ha for wheat and $150/ha for soybeans.

Additionally, a saving in lime costs linked to the product equivalence of approximately $50/ha was

estimated.

At the conclusion of its 2020 report, AGRINOVA summarized that “the application of wollastonite can

be a beneficial way to improve the yields of organic field crops”. Furthermore, AGRINOVA has also

proposed that further in-depth experimentation with the application of the St-Onge wollastonite

product, utilizing different crops and repeated over a minimum of three years, is warranted to define

and describe its full beneficial effects (benefits linked to neutralizing power versus benefits linked to

silica and its power to confer resistance to biotic and abiotic stresses).

ABOUT AGRINOVA

AGRINOVA (www.agrinova.qc.ca), the Center for Research and Innovation in Agriculture, is a

Technology Access Centre located in Alma, Quebec that provides technical help and services to

farmers and agricultural companies throughout the province in order to help them access new

technologies and assist them with the adoption of innovative new technologies and practices.

AGRINOVA’s technology support focuses primarily on consumer concerns (milk quality); reducing

greenhouse gas (GHG) emissions; organic or natural products; comfort and well-being of animals;

digital adoption; and the economic efficiency of companies.

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/CEO

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.

FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to

future events or future performance and reflect management’s current expectations and assumptions. Su ch

forward-looking statements reflect management’s current beliefs and are based on assumptions made by and

information currently available to the Company. Investors are cautioned that these forward -looking statements

are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to

differ materially from those expected. These forward-looking statements are made as of the date hereof and,

except as required under applicable securities legislation, the Company does not assume any obligation to

update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this

press release are qualified by these cautionary statements and by those made in our filings with SEDAR in

Canada (available at www.sedar.com).