Mr. Guy Bourassa reports

SCANDIUM CANADA FORMS A STRATEGIC ADVISORY COMMITTEE AND CONFIRMS ITS INITIAL 3 MEMBERS

Scandium Canada Ltd. has formed a strategic advisory committee.

The strategic advisory committee is composed of independent, highly qualified and knowledgeable individuals in the field of scandium, materials and business development. Its advice and suggestions will help guide Scandium Canada as it grows into a leader in its space.

"The strength of the strategic advisory committee will greatly assist management as we pursue a multipronged approach of advancing the Crater Lake project, as well as utilization aspect of scandium in all forms," said Guy Bourassa, chief executive officer. "We feel our approach as a company is unique as we are pursuing strategic relationships with end-users that will ultimately create market demand, in addition to progressing our primary scandium transformation project and production of Al-Sc [aluminum-scandium] (2 per cent) master alloy."

The following individuals will serve on the committee: Mark Kozdras, Marc-Antoine Audet and Noel Dube. Over time, as the committee evolves, additional persons may join.

The main responsibility of the strategic advisory committee is to help the company make strategic or other important decisions by providing expert knowledge and guidance. The market for scandium alloys is developing and guidance from the advisory committee will be important in assisting the company identifying potential end-users and interested parties that would benefit from a long and safe source of supply of scandium oxide and Al-Sc (2 per cent) master alloy, leading hopefully to the signing of a memorandum of understanding (MOU) and letters of intent (LOI).

Introducing the company's advisory committee members

Dr. Kozdras has more than 30 years of experience in automotive materials research, development, product design and production. He received a PhD in mechanical engineering, specializing in materials science and manufacturing. Through his career, he conceived and implemented core industrial process technology in the production of automotive heat exchangers for a major Tier 1 parts supplier, Dana Canada. He has 19 United States product and process patents, and considerable technology under trade secret. He spent several years in a manufacturing plant as product engineering manager with design and launch responsibility of heat exchangers for Ford Motor Co. His experience includes several years managing the intellectual property portfolio of Dana Canada. Dr. Kozdras later managed the automotive materials R&D (research and development) program for Natural Resources Canada in its CanmetMaterials laboratory. He developed an international profile as Canadian lead of automotive materials research within the International Energy Agency and is currently co-lead of Mission Innovation's, Materials for Energy collaboration platform under the United Nations Framework Convention on Climate Change, as well as the co-PI (principal investigator) for the German-Canadian Materials Acceleration Centre. He remains active in retirement, supporting materials technology and market development.

Dr. Audet, PGeo, PhD geology, is the president and chief executive officer of Sama Resources Inc. and SRQ Resources Inc., two fast-growing mineral exploration companies involved in base metals exploration in West Africa and in Quebec. During his career, he specialized in project management in foreign countries, as well as in mineral resource and mineral reserve estimations and reporting. He was actively involved in exploration projects for Falconbridge/Xstrata Nickel in Canada, Africa, South America, the South-Pacific and in the Caribbean. In addition to having discovered the Samapleu nickel-copper-platinum-group-element (Ni-Cu-PGE) suite of deposits in Ivory Coast and the Lola graphite deposit in Guinea, his project experience includes the New Caledonia's Koniambo nickel-cobalt laterite project, the Falcondo nickel laterite operation in Dominican Republic, the discovery of Serra do Tapas and Vale dos Sonhos nickel-cobalt-scandium deposits in Brazil, and, more recently, the discovery of the Gogota nickel-cobalt-scandium laterite in Guinea.

Mr. Dube brings over 20 years of technical experience and success as a leader in the technology sector. He graduated in engineering, physics. He is a seasoned and active investor in Quebec technology funds. He is a major investor in numerous private investment funds, acting as director, manager and technical adviser to several companies in a specialist capacity, to evaluate technologies, sales, and markets and strategic business plan. He previously served as president and chief executive officer of Reflex Photonics from October, 2013, until November, 2019. Mr. Dube was formerly president of sales and business development, member of the board, and one of the founders of R/D Tech Inc. R/D Tech was a research and development company which manufactured and commercialized its non-destructive testing equipment in more than 50 countries. From 1990 to 2005, he held executive and management positions to support the growth of the company from $2-million to reach $180-million, along with 600 employees and 12 offices in numerous countries.

About Scandium Canada Ltd.

Scandium Canada is a Canadian technology metals company focused on the Al-Sc (2 per cent) master alloy and scandium oxide markets, supported by its Crater Lake scandium and rare earth project in Quebec.