Vertical Exploration Closes ON Additional Prospective Properties Near the Company’S St-Onge Wollastonite Project IN Quebec
Suite 1240- 789 West Pender St.
Vancouver, British Columbia V6C 1H2
VERTICAL EXPLORATION CLOSES ON ADDITIONAL PROSPECTIVE PROPERTIES
NEAR THE COMPANY’S ST-ONGE WOLLASTONITE PROJECT IN QUEBEC
VANCOUVER, BC / January 27th, 2022 / VERTICAL EXPLORATION INC. (TSX-V: VERT) ("Vertical"
or "the Company") is pleased to announce that further to the news release disseminated January 17,
2022 it has closed on the option agreement to earn a 100% interest in four strategic wollastonite
properties, including two located near the Company’s 100% owned flagship St-Onge Wollastonite
project in the Lac-Saint-Jean area in the Province of Quebec.
Terms of the acquisition in order to acquire a 100% interest in all four properties, require Vertical to
issue 3.5 million common shares and make a one-time cash payment of $25,000 to the arm’s length
vendors. In addition, a $5 per tonne royalty on the first million tonnes of raw unprocessed ore
produced from the properties will be granted to the vendors, and for all additional tonnes of
unprocessed material a $1 per tonne royalty will be granted. As well, products from the properties
sold other than as raw unprocessed ores, including concentrates, leachates or refined products, will
be subject to a gross overriding royalty of 2% of the fair value of the products sold by the Company,
subject to a minimum of $5 per tonne for the first million tonnes of products and $1 per tonne for any
number of additional products. Finally, the vendors will retain all rights to amazonite and gemstones
on the properties.
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).