Vertical Exploration Inc. announced a non-brokered private placement of up to 12,000,000 units at a price of CAD 0.05 per unit for the aggregate gross proceeds of CAD 600,000 on June 23, 2023. Each unit will be comprised of one common share and one transferable common share purchase warrant. Each warrant will entitle the subscriber to purchase one warrant share for a 24-month period after the closing date at an exercise price of CAD 0.1 per share.

Finders' fees may be payable on the private placement, subject to the policies of the TSX Venture Exchange. The transaction is subject to the approval of the TSX Venture Exchange.