Mr. Daniel Tellechea reports

LARGO PHYSICAL VANADIUM ANNOUNCES RESULTS OF ANNUAL MEETING AND APPOINTMENT OF CEO

Largo Physical Vanadium Corp. has released the results of its annual meeting of shareholders held earlier today.

At the meeting, the following three nominees were appointed as directors of the company to hold office until the close of the next annual meeting of the company's shareholders: Daniel Tellechea, Larry Ciccarelli and Erik Bethel. TZR LLP was appointed as auditor of the company. The company's management information circular containing additional details surrounding the items of business at the meeting is available under the company's profile on SEDAR+.

The company also announces that Mr. Tellechea has been appointed as chief executive officer to replace Francesco D'Alessio. On behalf of the company, we would like to thank Mr. D'Alessio for his leadership during his time at the company.

About Largo Physical Vanadium Corp.

Largo Physical Vanadium offers pure play exposure to vanadium through its holdings of physical vanadium. Largo Physical Vanadium aims to provide a secure, convenient and exchange-traded investment alternative for investors interested in having direct exposure to physical vanadium, a metal essential to achieving a greener world in key industries such as steel, aerospace and energy storage. Vanadium is non-degrading and fully recyclable when used as an electrolyte in vanadium redox flow batteries (VRFBs) and offers carbon-reducing attributes when used in steel-alloying applications. Largo Physical Vanadium's strategy is not only to achieve appreciation through the acquisition of vanadium, but to own and actively supply vanadium to end-users of VRFBs to advance to integration of renewable energy in long-duration storage and to enable the energy transition. This strategy is integral to Largo Physical Vanadium's business plan as it necessarily defrays the costs associated with using vanadium in VRFBs through the unique non-degradation characteristics of the metal.

Largo Physical Vanadium's common shares trade on the TSX Venture Exchange under the symbol VAND and on the OTCQX under the symbol VANAF.

We seek Safe Harbor.