Vertical Exploration Announces Private Placement

7380066.1

VERTICAL EXPLORATION INC.

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 Private Placement

September 7 , 2018, VANCOUVER, BC - Vertical Exploration Inc. (NEX: VERT) (the

"Company") is pleased to announced that it will offer, by way of a non -brokered pr ivate

placement, up to 6,818,182 "flow through" units (each a "Flow Through Unit") at a price of $0.11

per Flow Through Unit, and up to 7,500,000 non flow through units (each a "NFT Unit") at a price

of $0.10 per NFT Unit, for aggregate gross proceeds of $1.5 million.

Each FT Unit will be comprised of one "flow through" common s hare 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 exerciseable 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 announc ing

same.

The Company may, in its sole discretion, pay finders' fees to its agents, within NEX guidelines.

The private placement is subject to the approval of the NEX.

Proceeds from the private placement will be used for qualifying expenditures, the Com pany's

operating expenses and for general working capital.

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.