Received by email:

File: Shook.docx

ROGER SHOOK & SAMUEL CHEN
1631 S. Calle Rolph
Palm Springs, CA
92264


Roger Shook and Samuel Chen ("RS&SC"), joint actors, make the following announcement in accordance with National Instr
--->ument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues.

RS&SC advise that it has today filed an early warning report in connection with the issuance by Vanadiumcorp Resource 
--->Inc. ("Vanadimcorp") to RS&SC of an aggregate of 9,000,000 units ("Units") of Vanadiumcorp at a price of $0.06 per Uni
--->t.  Each Unit consists of one common share ("Shares") and one common share purchase warrant ("Warrants").  The Units w
--->ere acquired by RS&SC pursuant to a previously disclosed $660,000 private placement by Vanadiumcorp.

Combined with previous holdings, RS&SC hold 25,744,143 shares and 14,257,143 warrants.  The 25,744,143 Shares held by 
--->RS&SC represent approximately 11.7% of Vanadiumcorp's current issued and outstanding share capital.  Should RS&SC exer
--->cise all of the Warrants, it would hold Shares representing approximately 17.1% of Vanadiumcorp's then issued and outs
--->tanding share capital, calculated on a partially diluted basis assuming the exercise of the RS&SC Warrants only.  A co
--->py of the early warning report filed by RS&SC may be found under Vanadiumcorp's profile on www.sedar.com.  

RS&SC acquired the Units for investment purposes only.  RS&SC may acquire additional securities of Vanadiumcorp, may e
--->xercise some or all of the Warrants, or may sell some or all of the Shares now held by it from time to time in the fut
--->ure.



"Roger Shook" (signed)
Roger Shook


"Samuel Chen" (signed)
Samuel Chen
 

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.