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VERT.V ·

Vertical Exploration Appoint s Sheldon Inwentash to Advisory Board

Management Changes

Suite 1240- 789 West Pender St.

Vancouver, British Columbia V6C 1H2

Vertical Exploration Appoint s Sheldon Inwentash to Advisory Board

August 10th, 2022 VANCOUVER, B.C. – VERTICAL EXPLORATION INC. (TSX-V: VERT)

(“Vertical” or the Company”) is pleased to announce the appointment of Mr. Sheldon Inwentash

to its Advisory Board.

Mr. Inwentash is the Founder, Chairman and CEO of ThreeD Capital Inc., and he has more than

30 years of in-depth investing experience. Sheldon co-founded Visible Genetics, the first

commercial pharmacogenomics company, in 1994 and exited in 2001 to Bayer. Through two

decades leading Pinetree Capital, Mr. Inwentash created significant shareholder value through

early investments in Queenston Mining (acquired by Osisko Mining Corp. for $550-million),

Aurelian Resources (acquired by Kinross for $1.2-billion) and Gold Eagle Mines (acquired by

Goldcorp for $1.5-billion) to name a few.

Mr. Inwentash obtained his B.Comm from the University of Toronto and is a Chartered

Professional Accountant. In 2007, he was an Ontario finalist for the Ernst & Young entrepreneur

of the year award. In 2012, Sheldon received an honorary degree, doctor of laws (LL.D) from

the University of Toronto for his valuable leadership as an entrepreneur, his philanthropy, and

inspirational commitment to making a difference in the lives of children, youth and their families.

Peter P. Swistak, President/CEO of Vertical Exploration Inc., commented, “We are very excited

to have Mr. Inwentash join and enrich our Vertical advisory team. Sheldon’s extensive

knowledge of the resource and technology industries, coupled with his strong understanding of

investment and financial management strategies, brings substantial expertise to Vertical at a

key time as we quickly progress to unlock the full potential of our world class St-Onge

Wollastonite property. In addition, the numerous partnerships and relationships that Sheldon

has developed and cultured over the past 30 years through his roles as CEO, Board Director

and serial entrepreneur will also be invaluable to Vertical, as we forge key parnterships and

develop new markets for our premium St-Onge Wollastonite.”

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 it’s Regulation Services Provider (as that term is

defined in the policies of the TSX Venture Exchange) accept responsibility for the

adequacy or accuracy of this release.