Received by email:

File: 991-2015-04-17 NI 43-101 Clarification (1).docx



New Release Clarification: NI 43-101 Technical Report: Lac Dore Vanadium Project With First Resource Estimate Complete

VANCOUVER, BC - April 17, 2015- VanadiumCorp Resource Inc. (TSX-V: VRB) ("the Company"), as result of a review of the 
--->Company's news release dated April 14, 2015 by the Investment Industry Regulatory Organization of Canada ("IIROC"), is
--->sued this news release to clarify & retract certain disclosure from the aforementioned news release. The news release 
--->referenced the technical report titled "NI 43-101 Technical Report: Lac Dore Vanadium Project with First Resource Esti
--->mate Complete" dated April 13, 2015(the "Report). The Company is retracting disclosure to any reference to mining, min
--->ing rate, milling rate, mine life, recoverable vanadium, total recoverable vanadium, pit ratio and any other reference
---> that were calculated from the resource estimate that would imply the technical feasibility and/or economic viability 
--->of the project from this disclosure. This is a requirement of disclosure in a "mining study" that meets the definition
---> of a preliminary economic assessment (PEA), preliminary feasibility study (PFS) or feasibility study (FS), which stud
--->y is currently under preparation. The Report does not satisfy the definition of any of these documents.

With the resource estimate complete, the Company is currently working on a preliminary economic assessment (PEA) as it
--->s next stage of development with a full budget outlined in the Report. 

This release was approved by Mr. Rejean Girard, P. Geo. Mr. Girard is a qualified person as defined by National Instru
--->ment 43-101. 

FOR MORE INFORMATION CONTACT: 
Adriaan Bakker, President and Chief Executive Officer - Direct: 604-385-4485 

Website: www.vanadiumcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note - The information in this news release includes certain "forward-looking statements" All statements, o
--->ther than statements of historical fact, included herein including, without limitation, plans for and intentions with 
--->respect to the company's properties, statements regarding intentions with respect to obligations due for various proje
--->cts, strategic alternatives, quantity of resources or reserves, timing of permitting, construction and production and 
--->other milestones, are forward looking statements. Statements concerning Mineral Reserves and Mineral Resources are als
--->o forward-looking statements in that they reflect an assessment, based on certain assumptions, of the mineralization t
--->hat would be encountered and mining results if the project were developed and mined in the manner described. Mineral r
--->esources that are not mineral reserves do not have demonstrated economic viability. This preliminary assessment is pre
--->liminary in nature; it includes inferred mineral resources that are considered too speculative geologically to have th
--->e economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is n
--->o certainty that the results of the preliminary assessment will be realized. Forward-looking statements involve variou
--->s risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual result
--->s and future events could differ materially from those anticipated in such statements. Important factors that could ca
--->use actual results to differ materially from VRB's expectations include the uncertainties involving the need for addit
--->ional financing to explore and develop properties and availability of financing in the debt and capital markets; uncer
--->tainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and re
--->sources; the need for cooperation of government agencies and local groups in the exploration, and development of prope
--->rties; and the need to obtain permits and governmental approval. VRB's forward looking statements reflect the beliefs,
---> opinions and projections of management on the date the statements are made. VRB assumes no obligation to update the f
--->orward looking statements if management's beliefs, opinions, projections, or other factors should they change.