VERTICAL EXTENDS EXCLUSIVITY AGREEMENT – JANUARY 30th, 2025

Vertical Exploration Inc. announced an extension to its exclusivity agreement with an undisclosed international entity concerning the company's St-Onge Wollastonite deposit located in Quebec. This extension follows the original exclusivity agreement announced in October 2024, indicating sustained interest from the international partner in the wollastonite project.

The company's statement that talks are advancing well suggests constructive progress in negotiations, which could potentially lead to a significant partnership or transaction involving the St-Onge deposit. Wollastonite is an industrial mineral with applications in ceramics, plastics, paints, and metallurgy, making it an attractive commodity for international buyers seeking reliable supply sources.

The extension of exclusivity demonstrates continued confidence from both parties in reaching a mutually beneficial agreement. For Vertical Exploration, maintaining this exclusive negotiating position protects the company's ability to maximize value from the St-Onge asset while providing time to complete due diligence and finalize terms with the international entity.

This development represents a positive step forward for Vertical's strategy to monetize its wollastonite assets in Quebec. The industrial mineral sector has seen increased interest as global supply chains seek diversification, particularly for materials used in manufacturing and construction applications.