Mr. Guy Bourassa reports

SCANDIUM CANADA ANNOUNCES THE SALE OF ITS LA RONCIERE GOLD PROJECT TO BARRICK

Scandium Canada Ltd. has entered into a definitive agreement to sell its La Ronciere gold project to a wholly owned subsidiary of Barrick Mining Corp. for a total consideration of up to $590,000 in cash.

Under the terms of the agreement, Scandium Canada will receive an initial payment of $390,000, followed by an additional payment of up to $200,000, conditional upon Barrick publishing a prefeasibility study (PFS) demonstrating a mineral resource containing a specified minimum gold content.

"This transaction represents a strategic milestone for Scandium Canada. It allows us to generate non-dilutive financing while focusing our resources and efforts on the development of our flagship project in Quebec, Crater Lake," said Guy Bourassa, chief executive officer, adding that "the divestiture of the La Ronciere project is part of a rigorous management approach to our asset portfolio and a strategy focused on creating long-term value for our shareholders."

Located approximately 35 kilometres east of Desmaraisville, Que., the La Ronciere gold project is easily accessible through Route 113, connecting the towns of Val d'Or and Chibougamau. The property comprises 45 contiguous mining claims covering a total area of 25.1 square kilometres.

Scandium Canada took advantage of the favourable context of record-high gold prices to carry out this transaction while consolidating its position on its flagship Crater Lake project, currently in the prefeasibility stage and located 220 kilometres east of Schefferville in Nunavik.

About Scandium Canada Ltd.

Scandium Canada is a publicly traded company whose ultimate goal is to bring the world's largest primary source of scandium into production to enable the development and commercialization of aluminum-scandium alloys. The company relies on its subsidiary dedicated to the development of aluminum-scandium alloys and on the development of its Crater Lake mining project to meet the growing demand for lighter, greener, more sustainable and higher-performance materials. The company aims to become a leader in the scandium market while committing to building a more responsible economy through innovation and agility.

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