Received by email:

File: 2019-06-24 Private Placement.docx






NOT FOR RELEASE IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES
VANADIUMCORP ARRANGES $1 MILLION PRIVATE PLACEMENT

VANCOUVER, BRITISH COLUMBIA, June 24, 2019 - VanadiumCorp Resource Inc. (TSX-V: "VRB") (the "Company") has arranged a 
--->non-brokered private placement of 11,111,111 flow-through common shares at a price of $0.09 cents per share for a tota
--->l of $1,000,000. All securities issued pursuant to the placement will be subject to a hold period of four months and o
--->ne day from the date of closing. Proceeds from the placement will be utilized for advancing the 100% owned Lac Dore Va
--->nadium Project in Chibougamau, Quebec, Canada.  
The private placement is subject to approval by the TSX Venture Exchange. The Company may pay finders fees in connecti
--->on with the private placement in accordance with the policies of the TSX Venture Exchange.  
VanadiumCorp Resource Inc. is an integrated technology and mining company focused on developing the exclusive supply c
--->hain for vanadium based energy storage and emerging technologies that utilize vanadium. VanadiumCorp is focused on com
--->mercializing the most efficient and sustainable recovery method to produce vanadium with jointly developed process tec
--->hnology. VanadiumCorp also holds a significant vanadium-titanium-iron bearing resource base in mining friendly Quebec,
---> Canada including the 100% owned Lac Dore Project adjacent to Blackrock Metals Inc. and the 100% owned Iron-T Project 
--->near the Glencore (Bracemac-McLeod) Matagami Copper-Zinc Mine.
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

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.