VMS.V · 2023-03-07 12:00:00

Vortex Metals Provides Update on Environmental Works at Flagship Riqueza Marina Project

Corporate Updates

Vortex Metals Provides Update on

Environmental Works at Flagship Riqueza

Marina Project

VANCOUVER, BC

March 7, 2023

/CNW/ - Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) ("Vortex"

or the "Company") is pleased to provide a progress update on the environmental works completed

to date at the company's flagship Riqueza Marina project in southern

Oaxaca, Mexico

. The Riqueza

Marina project consists of 12,041 hectares and is located approximately 15 km from the

Salina Cruz

deep-water port on the Pacific coast of the Mexican state of

Oaxaca

Environmental works first began in

February 2020

, contracted by the company's co-founder, the late

David Jones

. Under the direction of Mexican environmental firm "ASSI", activities were carried out by

a team of five specialists in fauna and flora, as well as a group of supporting field staff. Data was

gathered on 7 land uses as defined by the National Institute of Statistics Geography (INEGI), and

informatics.

After completing the fieldwork, the collected data was interpreted and organized according to

predetermined formats required by "The Secretariat of Environment and Natural Resources"

(SEMARNAT). The company is pleased to announce that 100% of the environmental work activities

have now been completed, these include the following:

Elaboration of 8 chapters of the EIA

Maps

Field work on flora and fauna

Photographic survey

Analysis and elaboration of correction measures

Comparative analysis of impacts and effects on the environment

Analysis of the environmental diagnosis of impacts with and without the "Environmental Gap"

project

Integration

Assembly and printing of the text

The company's head geologist

Robert Johansing

has reviewed all chapters of the EIA and was

satisfied with the information presented.

Additionally, as per the company's previous news release, Vortex Metals has been working diligently

to engage community stakeholders and expects support to continue as a clear line of communication

and beneficial relationship is established. Once the general assembly confirms and seals the

agreements, the EIA application can be submitted to SEMARNAT, and a summarized version of the

application will be circulated in the newspaper with the highest circulation. This will complete the

delivery of the EIA and begins the process at the government agency.

Vikas Ranjan

, Chief Executive Officer of VMS commented: "We are very pleased with the

completion of environmental works at Riqueza Marina and are looking forward to the submission of

the EIA application in the coming months. Along with support from local stakeholders, a favourable

EIA outcome will enable Vortex to test the multiple high-grade targets identified by the late

Dave

Jones

, our co-founder and world renown geologist."

About Vortex Mines Inc.

Vortex Metals Inc. is the parent company of Mexican subsidiary Empresa Minera Acagold, S.A. de

C.V., which is the owner of a 100% interest in two drill-ready high-potential

copper volcanogenic massive sulfide (VMS) properties (Riqueza Marina and

Zaachila

) in the state of

Oaxaca

, and a third high-potential gold property (El Rescate) in the state of

Puebla

. The

Oaxaca

projects incorporate the most highly prospective areas of high-grade copper mineralized surface

exposures ('gossans') and prominent gravity anomalies along an emerging copper VMS belt that

includes Minaurum Gold's (TSXV:MGG)

Santa Marta

project.

FORWARD-LOOKING STATEMENTS:

This press release may contain forward looking statements that are made as of the date hereof and

are based on current expectations, forecasts and assumptions which involve risks and uncertainties

associated with our business including permitting approvals, any private placement financings, the

uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral

resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and

prices, estimated goals, expansion and growth of the business and operations, plans and references

to the Company's future successes with its business and the economic environment in which the

business operates. All such statements are made pursuant to the 'safe harbour' provisions of, and

are intended to be forward-looking statements under, applicable Canadian securities legislation. Any

statements contained herein that are statements of historical facts may be deemed to be forward-

looking statements. By their nature, forward-looking statements require us to make assumptions and

are subject to inherent risks and uncertainties. We caution readers of this news release not to place

undue reliance on our forward-looking statements as a number of factors could cause actual results

or conditions to differ materially from current expectations. Please refer to the risks set forth in the

Company's most recent annual MD&A and the Company's continuous disclosure documents that can

be found on SEDAR at

www.sedar.com

. The Company does not intend, and disclaims any

obligation, except as required by law, to update or revise any forward-looking statements whether

as a result of new information, future events or otherwise.

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.

SOURCE

Vortex Metals

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/March2023/07/c8387.html

%SEDAR: 00040246E

For further information:

For further information regarding this press release contact: Vikas Ranjan,

Chief Executive Officer and Director, Email: [email protected], Phone: 416-605-7024

CO: Vortex Metals

CNW 07:00e 07-MAR-23

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