Vertical Exploration’S Partner Wollammo Makes Significant Progress Towards Canadian Food Inspection Agency (Cfia) Approval FOR St-Onge Wollastonite

Suite 1240- 789 West Pender St.

Vancouver, British Columbia V6C 1H2

VERTICAL EXPLORATION’S PARTNER WOLLAMMO MAKES SIGNIFICANT

PROGRESS TOWARDS CANADIAN FOOD INSPECTION AGENCY (CFIA) APPROVAL

FOR ST-ONGE WOLLASTONITE

VANCOUVER, BC / August 31, 2020 / VERTICAL EXPLORATION INC. (TSX-V: VERT)

("Vertical "or "the Company") is pleased to provide a further update regarding registration of its high-

quality St-Onge Wollastonite for use as an approved supplement for both the Canadian agricultural and

cannabis/hemp industries (see February 11th, 2020 press release).

Vertical’s distribution partner, Wollammo Distribution Inc. (Wollammo), has made significant progress

towards registration of Vertical’s St-Onge Wollastonite as a Supplement under the Fertilizer Act

established by the Canadian Food Inspection Agency (CFIA). Wollammo staff have now moved into a

new updated facility in Delta, British Columbia that will be used to process, bag and distribute the

Wollammo Wollastonite product across North America. Wollammo staff, with the ongoing guidance

of Ms. Niki Nickel, Compliance Manager, QA, believe the new facility will comply with all required

CFIA standards and anticipates moving through to the final inspection stage over the next 60-90 days.

Wollammo’s compliance data shows that the St-Onge Wollastonite improves soil structure, supports

plant growth and improves crop yields which are characteristics defined by CFIA as supplements under

the Canadian Fertilizers Act and Regulations. Agriculture Canada Standards have been consolidated

into the Safe Foods for Canada Act SOR 2018-108, which also includes related and consequential

amendments to Section 88 of the Fertilizer Act and to Section 103 of the CFIA Act. Supplements

registered under CFIA are therefore included in the Safe Foods for Canada Act, and can be used for

Farm, Lawn and Garden uses.

Peter P. Swistak, President/CEO of Vertical Exploration Inc., commented: “I’m happy to report that,

despite the unfortunate delays caused by the ongoing pandemic, our key distribution partner Wollammo

has continued to work diligently to seek full approval for Vertical’s Wollastonite under the Canadian

Fertilizer Act established by CFIA. The Wollammo team has followed all the required pandemic

protocols during this test marketing phase and continues to receive significant interest from a range of

established cannabis and agricultural producers, confirming our view that the St-Onge Wollastonite has

the high quality characteristics that a wide range of companies are looking for in a premium natural

supplement.”

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

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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. Such 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 u nder 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 statement s and by those made in

our filings with SEDAR in Canada (available at www.sedar.com).