Vertical Exploration Acquires Additional Surface Rights and Initiates Field Sampling Program at its Flagship St-Onge Wollastonite Project in Quebec

Vertical Exploration Acquires Additional Surface Rights and Initiates Field

Sampling Program at its Flagship St-Onge Wollastonite Project in Quebec

VANCOUVER, BC / August 15, 2019 / VERTICAL EXPLORATION INC. (TSX-V: VERT)

("Vertical" or "the Company") is pleased to announce the acquisition of additional

surface rights claims, from an arm’s length vendor, surrounding the Company’s

advanced stage St-Onge Wollastonite Project located approximately 90 kilometres

northwest of the city of Saguenay in the Saguenay-Lac-St-Jean region of Quebec.

Vertical has acquired the five (5) new claims in order to consolidate the current St-Onge

Wollastonite Project model. A field sampling program is now underway on selected

areas of the property, and the Company is currently assessing newly discovered graphite

occurrences on its ground. Cumulative terms of the acquisition, in order to acquire a

100% interest, call for Vertical to issue an additional one (1) million common shares of

the Company to the original arm’s length vendor of the St-Onge property (see August

2nd, 2017 news release). This transaction is subject to the approval of the TSX Venture

Exchange.

With the addition of the five newly acquired claims, the St-Onge Wollastonite Project

now consists of 31 map-designated cells covering a surface area of 1747 hectares

(approximately 17.5 square kilometres). In 2018, Vertical filed a Technical Report on

SEDAR in compliance with National Instrument 43-101 (NI 43-101) on the Company’s St-

Onge Wollastonite Project’s mineral resources. The high-grade St-Onge Wollastonite

deposit has pit-constrained mineral resources of : (i) 7,155,000 tonnes Measured @

36.20 % Wollastonite & 6,926,000 tonnes Indicated @ 37.04 % Wollastonite for a total

of 14,081,000 tonnes Measured & Indicated @ 36.61 % Wollastonite at a cut-off grade

of 30%; plus (ii) 17,896,000 tonnes Inferred @ 40.25 % Wollastonite. Note that mineral

resources are not mineral reserves and do not have demonstrated economic viability.

However, the reported mineral resources are considered by the qualified persons to

have reasonable prospects for economic extraction as per the CIM 2014 definitions (see

April 24th, 2018 news release).

The St-Onge Wollastonite Project is located in the heart of the Lac-St-Jean Anorthosite

Complex Quebec, some 100 km south-west of the Ariane Phosphate Lac-à-Paul

Phosphate Deposit or 67 km North west of the Magris Resources Niobium Niobec Mine.

The St-Onge Wollastonite site is already supplied by a power line and is accessed by

year-round paved and forest roads that are easily passable with pick-up trucks and

heavy equipment. The St-Onge site is also located within 40 km by road of urban

facilities with a skilled work force and is approximately 140 km by road from the deep-

water Port of Saguenay.

Peter P. Swistak, President /CEO of Vertical Exploration Inc., stated “The acquisition of

these new surface rights claims and the addition of a new graphite prospect in our

portfolio, further strengthens the Company’s ability to consolidate and quickly advance

our high-grade Wollastonite deposit.”

Alain Berclaz, M.Sc., P.Geo, a Qualified Person under National Instrument 43-101, has

approved the technical information contained in this news release.

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. 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 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).