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File: NR_2018Nov1_Vanadium.pdf

                                                                                     TSX-V: "VRB"

                      VanadiumCorp Receives Technical Report
 VANCOUVER, November 1, 2018 VanadiumCorp Resource Inc. (TSX-V:"VRB") (the
 "Company") announces that it has obtained a technical report entitled "Geological Report for
 the Lac Dore Vanadium Deposits, Quebec, Canada" dated October 11, 2018, prepared by B.
 Terrence Hennessey, P.Geo of Micon International Ltd.

 The purpose of the new technical report is to provide the company with a current technical
 report, and to address the continuing default with the BC Securities Commission (BCSC).
 As a result of a technical disclosure review by the BCSC, the Company announced by news
 releases dated January 30, 2018 and April 3, 2018, that previously disclosed economic
 analysis and mineral resources in respect of the Lac Dore property should not be relied on.
 The Company hereby confirms that as a result of issues identified with the data verification
 process, including limited access to historical drill core and accuracy of drill collar locations,
 it is retracting prior mineral resource estimates and economic analyses. The new technical
 report recommends that the Company conduct additional data verification work before such
 data can be used to prepare a mineral resource estimate.

 A copy of the new technical report will be available on SEDAR and on the Company's
 website.

VanadiumCorp Resource Inc. has developed a new technology to produce reusable
vanadium electrolyte directly and sustainably from virtually any source for perpetual use in
vanadium batteries. Jointly developed with Electrochem Technologies and Materials Inc.
"VEPT" eliminates the carbon footprint and high cost associated with global vanadium
supply. VanadiumCorp also holds a strategic vanadium-titanium-iron bearing resource base in
mining friendly Quebec, Canada.

 On behalf of the board:

 Adriaan Bakker
 President and Chief Executive Officer

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




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VanadiumCorp Resource Inc.                 Suite #400 1505 West 2 , Vancouver, BC Canada V6H 3Y4, Canada
Direct:604.385.4489 Facsimile:604.685.4486                                                        Website
www.vanadiumcorp.com