Mr. Adriaan Bakker reports

VANADIUMCORP RESOURCE INC. - FUNDING UPDATE - WARRANT EXERCISE

Vanadiumcorp Resource Inc. has received $337,018 from the exercise of 5,524,545 share purchase warrants with exercise prices ranging between six and 10 cents.

About Vanadiumcorp Resource Inc.

Vanadiumcorp Resource is an innovative process technology and mining company dedicated to commercializing new methods to sustainably recover critical metals. Vanadiumcorp-Electrochem process technology is the world's first environmentally sustainable, high-yield, high-efficiency process for recovering vanadium, titanium and iron from virtually any vanadium-bearing source, including waste. Vanadiumcorp also holds a significant vanadium-titanium-iron-bearing resource base in mining-friendly Quebec, Canada.