Mr. Adriaan Bakker reports

VANADIUMCORP RESOURCE INC. PHASE II PRODUCTION TRIALS COMPLETED

Vanadiumcorp Resource Inc. has completed phase 2 production trials at Electrochem Technologies & Materials Inc. facilities located in Boucherville, Que. Phase 2 yielded positive results that demonstrated the great potential for Vanadiumcorp-electrochem chemical technology. Phase 2 resulted in successful processing of a variety of global feedstocks ranging from magnetite, slags and calcine that related industries cannot process efficiently or avoid the significant release of greenhouse gases.

Phase 2 results include:

• Efficient processing of a plethora of feedstocks with 95 per cent of the material being recovered in the case of magnetite;
• Recovery of vanadium as vanadyl sulphate used a precursor for the preparation of vanadium electrolyte (VE);
• Demonstration of the full potential of the Vanadiumcorp-Electrochem chemical technology for primary production and monetization of waste materials;
• Detailed mass and energy balances allowing the calculations of specific energy consumption for the overall chemical and electrochemical integrated processes;
• Titania and silica were recovered as value-added byproducts with good marketable values;
• Excellent reproducibility with similar yields and recoveries of vanadium, iron, titania and silica products from magnetite from various geographical origins;
• Technical and cost-effective confirmation of Electrochem's patented technology (Canadian patent 2,717,887) for electrowinning pure electrolytic iron from the ferrous sulfate heptahydrate (copperas) produced;
• Confirmed industrial potential for the fully integrated carbon dioxide free iron-making process for replacing the blast furnace in the iron and steel-making industries in global jurisdictions having access to affordable electricity;
• Trial production reactor and equipment are located at Electrochem facilities in Boucherville.

The following products were recovered:

• Vanadyl sulphate targeting Vanadiumcorp Electrolyte;
• Ferrous sulphate heptahydrate (Copperas) to be processed into pure electrolytic iron using Electrochem's patented iron electrowinning technology;
• Pure red ferric oxide as an alternative recovery option for plant locations facing high electricity cost;
• Vanadium oxides and vanadium chemicals;
• Titania-rich byproduct;
• Silica byproduct;
• Phase 3 objectives for 2018 -- further announcements pending;
• Piloting the technology at client locations using custom designed units mounted onto a skid;
• Commercial plant in Canada or internationally;
• Global licensing and deployment strategy for the two technologies;
• Continued prototype and pilot testing and evaluation of the robustness of the technologies for the vanadium, steel, oil and energy storage industries.

About Vanadiumcorp Resources Inc.

The company is developing and exploring licensing potential for an innovative, carbon-free process technology that unlocks a new strategic supply of vanadium and co-products from virtually any source. Jointly developed and owned with Electrochem, this innovative chemical process allows for integrated and carbon-free recovery of critical metals needed on a global scale. Vanadiumcorp also holds a significant National Instrument 43-101 vanadium resource base in mining-friendly Quebec, Canada.

We seek Safe Harbor.