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File: 2018-12-14 - Corporate Update.docx



CORPORATE UPDATE

VANCOUVER, BRITISH COLUMBIA, December 14th, 2018 - VanadiumCorp Resource Inc. (TSX-V: "VRB") (the "Company") and its B
--->oard of Directors are pleased announce to the following corporate update. 

Management's recommendations approved by shareholders at the AGM
All of Management's resolutions submitted to shareholders at the Company's Annual General Meeting ("AGM") held on Sept
--->ember 28th, 2018 were approved. Increased shareholder engagement was clearly demonstrated by a record number of shares
---> cast along with 89 shareholders and duly appointed proxy holders present or represented at the meeting.

Mr. Adriaan Bakker, Mr. John Hewlett, Mr. Stephen Pearce and Mr. Sokhie Paur have all been re-elected and elected to t
--->he Board of Directors with overwhelming support. The Secretary advised that all the nominees have consented to act as 
--->directors for the ensuing year.

The Company welcomes Mr. Sokhie Paur to the board of VanadiumCorp
Mr. Puar has over 30 years experience in the public markets and has worked in various capacities with companies in the
---> mining, oil and gas, technology, education and clean energy sectors since 2001. Most recently, Mr. Puar held position
--->s of CEO, President, Director and Chairman of Candelaria Mining Corp. raising over $28 million and leading the acquisi
--->tion of several mining projects in Mexico. Mr. Puar holds a diploma in Mechanical Engineering Technology and a diploma
---> in Business Administration from the British Columbia Institute of Technology. Mr. Puar sits and has sat on boards of 
--->many public and private companies including the board of Governors of Southpointe Academy, an independent school locat
--->ed in Tsawwassen, B.C., where he Chaired the Governance Committee.

Stock Option Update
The Company has granted 10,500,000 incentive stock options to directors and officers of the Company and 2,400,000 to e
--->mployees and consultants of the Company at a price of $0.10 per share exercisable for a period of five years. 
VanadiumCorp Resource Inc. plans to develop VEPT in Canada and co-license the VEPT for targeted global jurisdictions t
--->o directly recover battery grade vanadium products, Vanadium ElectrolyteTM and coproducts such as iron and titanium fr
--->om many sources irrespective of oxidation and deleterious elements such as silica.  Jointly developed and owned with E
--->lectrochem, this innovative chemical process allows for integrated and low carbon footprint recovery of critical metal
--->s needed on a global scale from vanadiferous titanomagnetite "VTM", magnetite, hematite and ilmenite as well as steel 
--->slags, calcine and oil residues. VanadiumCorp also holds a significant vanadium-titanium-iron bearing resource base in
---> mining friendly Quebec, Canada.
On behalf of the board of VanadiumCorp:
Adriaan Bakker 
President and Chief Executive Officer
For more information:
Adriaan Bakker, 
President and CEO, VanadiumCorp Resource Inc. 
(TSX-V: "VRB")
By phone: 1-604-385-4489
By email: ab@vanadiumcorp.com
Website: www.vanadiumcorp.com