Vertical Exploration Receives Conditional Approval for Warrant Extension and Graduation

7407832.1

.

Suite 1240, 789 West Pender Street

Vancouver, British Columbia

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

Vertical Exploration Receives Conditional Approval for Warrant Extension and

Graduation

September 20, 2018, VANCOUVER, BC - Vertical Exploration Inc. (NEX: VERT) (the

"Company") announces that it has received conditional approval to extend the exercise period

for 16,050,000 of its outstanding share purchase warrants.

The 16,050,000 outstanding warrants are exerciseable at $0.075 per share and are currently due

to expire on September 25, 2018. The TSX Venture Exchange has provided its conditional

approval for the extension of such expiry date. The extension is conditional upon the Company

successfully completing its graduation from NEX to Tier 2 of the TSX Venture Exchange.

In the interim period between September 26, 2018 and the Company's successful graduation from

NEX to Tier 2 of the TSX Venture Exchange, the warrants will remain outstanding, but will not be

exerciseable. Upon such graduation, the expiry period will automatically extend to September

25, 2019, and the warrants will be exerciseable until such date.

The Company is also pleased to announce that it has received conditional approval of its

graduation from NEX to Tier 2 of the TSX Venture Exchange. Graduation is conditional upon the

Company completing the private placement financing announced on September 7, 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.