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File: 2018-01-16 -Partnership News Release.pdf

                                                                                   TSX-V: "VRB"

   VanadiumCorp Resource Inc. and Electrochem Technologies &
           Materials Inc. Sign Partnership Agreement
VANCOUVER, BRITISH COLUMBIA   January 16th, 2018 VanadiumCorp Resource Inc. (TSX "VRB") (the
"Company") is pleased to announce it has signed a partnership agreement further to the memorandum
of understanding with Electrochem Technologies & Materials Inc. ("Electrochem") signed and
announced February 9th, 2017. The partnership expands on successful collaboration that began in 2016
with the objective of commercial demonstration. The new chemical process represents a green and
efficient alternative to current polluting and inefficient methods of processing utilized in the vanadium,
steel, iron and energy storage industries.

Adriaan Bakker, CEO of VanadiumCorp states, "The advantage of monetizing all three metals from VTM
provides a distinct advantage for our 100% owned VTM resources in Quebec and joint licensing
opportunity of the technologies worldwide. Our collaboration with Electrochem first began by
addressing the industry need for a better process method for vanadium electrolyte. Utilizing a custom
reactor and combining technologies, Phase II testing and trial production subsequently confirmed the
ability to process magnetite regardless of origin and various feedstocks that many companies had
considered waste until now."

Terms of the Partnership Agreement Include:
    50/50 agreement on development and licensing of VanadiumCorp-Electrochem Chemical
       Process Technology
    Development partnership targeting North American demonstration, commercialization and
       scaled production plans relating to secured feedstock supply
    Development partnership targeting pilot plant demonstration, commercialization and scaled
       production applied to VanadiumCorp's 100% owned VTM Resources
    Buyout provision

Over 85% of vanadium is produced from the same type of magnetite utilized in the global steel and iron
industries. Current primary production of vanadium leaves behind an average of 99% of VTM already
concentrated at the mine as residual calcine waste. The patent pending chemical process technology
allows the dissolution of 95%+ VTM directly into sulfuric acid with the separation of iron values as ferrous
sulfate heptahydrate (copperas) along with titania and silica as by-products. Then the utilization
Electrochem's patented electrowinning process (Can. Pat. 2,717,887 C) allows the low carbon footprint
production of pure electrolytic iron from the copperas recovered while vanadium remains in the
pregnant solution as vanadyl sulfate that can be separated and purified into electrolyte for energy
storage.

The control and predominant usage of vanadium by the steel market creates price volatility for vanadium
oxide that remains the vanadium battery industry's largest challenge since 198 5. Furthermore, the
higher cost structure for electrolyte is attributed to the limited supply and impurities associated with
 conventional production of the oxides. VanadiumCorp-Electrochem chemical process addresses these
market challenges with following advantages:
   1. Direct recovery into standard vanadyl sulfate solution that can be processed to meet any
       Vanadium Battery specification
   2. Most deleterious impurities are easily removed as the feedstocks are dissolved in solution
   3. Monetization of additional iron, titanium and silica values from vanadium bearing feedstocks

Collaboration from the signed MOU includes:
    Successful demonstration of production of vanadium-rich pregnant solution (VE precursor),
      other specialty vanadium materials, electrolytic iron, titania and silica byproducts
    Completed development and integration of efficient and environmentally friendly chemical and
      electrochemical processing technologies including the simultaneous removal of contaminant
      metals and the concurrent regeneration of chemicals.
    U.S. provisional patents applications filed (U.S. 62/463,411 and U.S. 62/582,060)
    Construction of custom built reactor pilot with 300 kg/month nameplate capacity
    Semi pilot circuit complete for utilizing the two integrated technologies in Phase II trial
      production
    Preliminary carbon footprint comparison/advantages of the integrated technologies
    Schematic of new process disclosed publicly
    Successful prototype testing of 100% owned VanadiumCorp VTM
    Successful prototype testing of VTM from global Companies
    Successful prototype testing of calcine, slags and residues from global Companies
    General process & production development outline for The Lac Dore Vanadium Project
      disclosed in the Company's preliminary economic study dated December 28 th, 2017.

VanadiumCorp Resource Inc. is developing and exploring licensing potential for an innovative, carbon-
free process technology that unlocks a new strategic supply of vanadium and coproducts such as
titanium. Jointly developed and owned with Electrochem, this innovative chemical process allows for
integrated and carbon-free recovery of critical metals needed on a global scale. VanadiumCorp also
holds a significant vanadium-titanium-iron bearing resource base in mining friendly Quebec, Canada.

Electrochem Technologies & Materials Inc. is a private Canadian corporation that invents, develops,
patents, scales-up and commercializes proprietary chemical, metallurgical and electrochemical
technologies that are innovative, and sustainable. Electrochem owns the exclusive rights for its patented
iron electrowinning process worldwide. The company also manufactures electrolyzers, industrial
electrodes and produces tantalum and tungsten fine chemicals.

For more information, contact Vanadiumcorp:
Adriaan Bakker, President, CEO
By phone: 604-385-4489
By email: ab@vanadiumcorp.com
Website: www.vanadiumcorp.com

On behalf of the board:
 Adriaan Bakker,
President and Chief Executive Officer

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