Mr. Adriaan Bakker reports

VANADIUMCORP ANNOUNCES SIDEX FIELD ACTION 2014 PROGRAM FINANCING

Vanadiumcorp Resource Inc. has arranged a non-brokered private placement of 909,091 non-flow-through units at a price of 5.5 cents per unit to be completed under Sidex's program, field action 2014. Gross proceeds total approximately $50,000.

Each unit shall consist of one non-flow-through common share of the issuer and one share purchase warrant. Each whole warrant will entitle the holder to acquire one non-flow-through common share of the issuer at a price of 10 cents for a period of 36 months following the closing date of the offering. All securities issued pursuant to the placement will be subject to a hold period of four months and one day from the date of closing. Proceeds from the placement will be used for the field program complementing Vanadiumcorp's Lac Dore Resource calculation currently under way. The placement is subject to regulatory approval.

The first NI 43-101-compliant report in the Lac Dore region completed in June, 2014, has facilitated the integration of 89 drill hole and drill hole equivalents in the resource calculations currently under way and expected in the fourth quarter of 2014.

The Sidex LP was created in 2001, by the government of Quebec and the Solidarity Fund QFL. The mission of Sidex is to invest in companies engaged in mineral exploration in order to diversify Quebec's mineral base, and open new territories to exploration and investment. Field action 2014 is a $3-million financing program launched in the spring by Sidex to encourage junior mineral exploration companies to pursue fieldwork during the summer and fall of 2014, employ young professionals and service companies, and make way for new discoveries.

We seek Safe Harbor.