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Vertex Resource Group Ltd. Announces Granting of Options

Friday, 22 December 2017 06:30 PM

Vertex Resource Group Ltd.

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SHERWOOD PARK, AB / ACCESSWIRE / December 22, 2017 / Vertex Resource Group Ltd. (TSX-V: VTX) ("Vertex") is pleased to announce it has granted an aggregate of 4,350,000 stock options to its directors, officers, and employees. The options are exercisable at $1.00 per share, vest over three years and are exercisable at any time until December 22, 2022.

ABOUT VERTEX

Established in 1976, Vertex has grown to become a leading provider of environmental and environmentally focused industrial services. Headquartered in Sherwood Park, Alberta, Vertex employs a staff of approximately 900 employees that service a wide array of customers in industries such as upstream and midstream oil and gas, utilities, telecommunication, forestry, agriculture, and government. Vertex principally operates in western Canada and maintains a presence in select locations in the United States.

For further information:

Please contact Terry Stephenson, President and CEO, or Michael Zvonkovic, CFO, Vertex Resource Group Ltd., 780-464-3295.

FORWARD-LOOKING INFORMATION

Certain statements contained in this news release, such as the Company's expectations regarding its results and the impact of its cost controls, and diversification efforts for the remainder of the year, constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events, that the Company's expectation regarding the impact of its costs controls and diversification efforts are accurate and assumptions regarding future commodity prices, exchange rates and demand for the Company's services. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, as well as the other risks and uncertainties applicable to the provision of environmental and industrial services and to the Company as set forth in the Company's Filing Statement in respect of the Transaction filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.

SOURCE: Vertex Resource Group Ltd.

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