Vertical Exploration Announces Closing of First Tranche of Private Placement

7562593.1

Suite 1240, 789 West Pender Street

Vancouver, British Columbia

Phone: 604 683 3995 / Toll Free: 888 945 4770/ Fax 604 683 3988

Vertical Exploration Announces Closing of First Tranche of Private Placement

December 4, 2018, VANCOUVER, BC - Vertical Exploration Inc. (NEX: VERT) (the

"Company") announces that it has closed the first tranche of its non-brokered private placement

offering of Flow Through Units and non-flow thr ough Units, per its previous news releases on

September 7 and October 22, 2018.

As part of this first tranche, the Company issued 1,450,000 Flow Through Units at a price of

$0.11 per unit, for gross flow-through proc eeds of $159,500, and 1,495,000 Non Flow Through

Units at a price of $0.10 per unit, for gross hard dollar proceeds of $149,500 (for aggregate total

gross proceeds of $309,000). Proceeds from t he private placement will be used for qualifying

expenditures, the Company's operating expenses and for general working capital.

Each Flow Through Unit will be comprised of one "flow through" common share and one-half of

a warrant. Each NFT Unit will be comprised of one non-flow through common share and one

whole warrant. Each whole warrant will be exercisable at $0.20 per share, for a period of 2

years from issuance, subject to acceleration if the trading price of the common shares is $0.25

or greater for a period of 10 consecutive trading days. In such event, the Company may, in its

sole discretion, accelerate the expiry date to a date that is 30 days after the Company issues a

news release announcing same. All securities issued are subject to a hold period expiring on

March 28, 2018.

No finders' fees were paid on this tranche. Of the first tranche, a director of the Company

purchased 45,000 Non-Flow Through Units for a subscription price of $4,500.

The Company anticipates completing further tranches of the private placement prior to

December 21, 2018.

ON BEHALF OF THE BOARD

"Peter P. Swistak"

Peter P. Swistak, President

For further information, please contact:

Telephone: 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.