Vertical Exploration Initiates Phase I Exploration Program on Newly Acquired Quebec Wollastonite Properties

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Vertical Exploration Initiates Phase I Exploration Program on Newly Acquired Quebec

Wollastonite Properties

VANCOUVER, BC / March 23rd, 2022 / VERTICAL EXPLORATION INC. (TSX-V: VERT)

("Vertical"or "the Company") is pleased to announce the start of a Phase I exploration program on its

recently acquired Quebec wollastonite properties (see Vertical’s January 17th, 2022 news release) to

detect and define the presence of sedimentary zones that could potentially host wollastonite

mineralization.

The two Quebec properties recently acquired by the Company are located in the region surrounding

Vertical’s St-Onge project as follows: i) the La Petite Rivière Péribonka and Ménard Wollastonite claims

located just north of Lac-Saint-Jean, consisting of a total of 35 mining titles (1960 hectares); and ii) the

Le Grand Étang Block claims, consisting of 11 mining titles (616 hectares). Both of these properties

are characterized by a geological sequence of marble, undifferentiated calco-silicate rocks and

quartzite. These two properties are still at an early stage of exploration; however, their stratigraphic

sequence can be traced over a distance of several kilometers and may lead to new wollastonite

discoveries.

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The Phase I program will include a ground geophysics survey and a follow-up field campaign consisting

of prospecting, mapping and rock sampling (trenching and channel sampling). A detailed review of all

results and information compiled by previous vendors of the properties and the Government of Quebec

is currently being undertaken by the Company in order to generate the primary target zones for the

Phase I exploration program. Following the completion of the Phase I program, Vertical is also

planning to initiate a follow-up Phase II core drilling program this summer based on the Phase I

results. Finally, a review of all results acquired during both the Phase I and II programs may also lead

to a more advanced preliminary bulk sampling program later this summer and fall in order to help better

define the geochemical nature of the potential wollastonite zones. The region surrounding the two

properties is also well known for several nickel showings, so Vertical will also be expanding its

exploration interests in order to generate potential exploration targets for nickel and other base metals

on its prospective properties.

Peter P. Swistak, President/CEO of Vertical Exploration Inc., commented: "We are excited to begin the

Company’s maiden exploration campaign on the recently acquired Quebec properties located in the

region nearby St-Onge. Vertical believes that these two properties are the most prospective remaining

wollastonite properties in mining friendly Quebec, and that they will serve to complement our world-

class St-Onge Wollastonite project and support the Company’s plans to become a leading supplier of

premium grade wollastonite. We anticipate an active exploration program on the two properties, and

look forward to sharing the results with our shareholders as the program progresses this summer and

fall.”

QUALIFIED PERSON

All technical and scientific information in this press release has been reviewed and approved by

Bertrand Brassard, M.Sc., P.Geo., who is a Qualified Person as defined by NI 43-101.

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).