VERTEX RESOURCE GROUP LTD. ANNOUNCES GRANTING OF OPTIONS

SHERWOOD PARK, AB, Dec. 22, 2023 /CNW/ - (TSXV: VTX) - Vertex Resource Group Ltd. ("Vertex" or the "Company") is pleased to announce it has granted an aggregate of 2,290,000 stock options to directors and management. The options are exercisable at $0.45 per share, vest over three years and are exercisable at any time until December 22, 2028.

ABOUT VERTEX

Since 1962, Vertex has been a leading North American provider of environmental services.

Headquartered in Sherwood Park, Alberta, Vertex employs a staff of approximately 1,100 employees and lease operators that provide services to help clients achieve their developmental and operational goals. From initial site selection, consultation and regulatory approval, through construction, operation and maintenance, to conclusion and environmental cleanup, Vertex provides a wide array of services to customers operating in industries such as energy, mining, utilities, private development, public infrastructure, construction, telecommunications, forestry, agriculture and government.

Vertex principally operates in Canada with select locations in the United States.

FORWARD-LOOKING INFORMATION

Certain statements included in this news release constitute "forward-looking statements" under Canadian securities laws.  Some of the statements in this news release, including those relating to the Company's future products, opportunities and cost initiatives, strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, are forward-looking statements within the meaning of securities laws.  Forward-looking statements include, without limitation, the information concerning possible or assumed future results of the operations of the Company. These statements are not historical facts, but instead represent only the Company's expectations, estimates, and projections regarding future events.   The Company does not undertake any obligation to update or release any revision to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as required by law.

Neither 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 Vertex Resource Group Ltd.

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