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File: WarrantAmend-Jan19.pdf

                                                                              TSX-V: "VRB"

                          VanadiumCorp Warrant Extensions

VANCOUVER, January 21, 2019 /CNW/ - VanadiumCorp Resource Inc. (TSX-V: "VRB") (the
"Company") wishes to announce that it has applied to the TSX Venture Exchange (the
"Exchange") for acceptance to amend the terms of an aggregate of 13,418,699 common
share purchase warrants (the "Warrants") issued pursuant to a non-brokered private
placement (the "Private Placement") which closed on April 8,2017. The Warrants originally
issued are exercisable into common shares in the capital of the Company at an exercise price
of $0.10 per common share, with the Warrants expiring on April 8, 2019. These Warrants
will be amended by extending the expiry date of the Warrants to April 8, 2020. In addition,
each Warrant will have an accelerated expiry clause such that upon the Company's shares
trading at or above $0.09 for 10 consecutive trading days, Vanadiumcorp will give notice
within 7 calendar days that the Warrants will expire 30 days from the date of providing such
notice. No Warrants issued under the Private Placement have been exercised to date. The
amendment to the terms of the Warrants is subject to Exchange approval.

The Company has granted 9,500,000 incentive stock options to directors and officers of the
Company and 2,400,000 to employees and consultants of the Company at a price of $0.07
per share exercisable for a period of five years.


About VanadiumCorp

VanadiumCorp Resource Inc. is an innovative process technology and mining company
dedicated to commercializing new methods to sustainably recover critical metals. The energy
of tomorrow will be radically different than the past. Innovation will prove essential to meeting
the world's growing energy needs sustainably. Vanadium electrolyte is the key to sustainable
energy storage and the wide-spread deployment of renewable energy. VanadiumCorp-
Electrochem Process Technology is an environmentally sustainable, high-yield, high-efficiency
process for recovering vanadium, titanium and iron values from most vanadium-bearing
sources, including waste. VanadiumCorp also holds a significant vanadium- titanium-iron
bearing resource base in mining friendly Quebec, Canada.

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.

For further information: Contact VanadiumCorp: Adriaan Bakker, President and
Chief Executive Officer, By phone: 604-385-4489, By email: ab@vanadiumcorp.com