Vertical Exploration Inc. provided an update on its Phase I exploration program that is currently underway on its recently acquired Quebec wollastonite properties. The Phase I program's objective is to detect and define the presence of sedimentary zones that could potentially host wollastonite mineralization. The Phase I field exploration work on the La Petite Rivière Péribonka and Ménard Wollastonite claims located just north of Lac-Saint-Jean began in May 2022, and the Company is very encouraged by the preliminary results encountered to date by its operations team.

Several of the historic wollastonite sites listed in the Quebec government documents have been identified on the Ménard-Péribonka property during the Phase 1 program, with more than 30 wollastonite mineralized occurences having now been found in the property's marble and calcosilicate rocks including new occurrences that have never been recorded in historical works. The exploration and prospecting work undertaken to date on the Ménard-Péribonka property has been achieved utilizing multiple exploration tracking methods on the forested areas and outcroppings, and also on the old forestry roads throughout the property. The wollastonite mineral discoveries realized to date on both the historic wollastonite sites and on the new prospective areas of the property were the subject of extensive hand stripping activities, geological mapping, channel sampling and small scale drilling using a portable drill.