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VanadiumCorp Resource Inc. TSX-V: "VRB"       208-2383 King George Blvd Surrey BC V4A5A4
Direct:604.385.4489   Facsimile:604.685.3764                                                         Website www.vanad
--->iumcorp.com
                                                                              
                                            
      
HYDROMETALLURGICAL TESTING UPDATE

VANCOUVER, BRITISH COLUMBIA, November 9, 2021 - VanadiumCorp Resource Inc. (TSX VENTURE:"VRB") (OTCQB:"VRBFF") (FRANKF
--->URT:"NWN") announced on May 10, 2021 starting a joint hydrometallurgical testing program on titanomagnetite concentrat
--->e from the Mustavaara deposit of Strategic Resources Inc. (TSXV: SR). A sulphuric acid-based method of extracting vana
--->dium, iron, and titanium was tested. Although the process was successful in recovering all three metals in varying qua
--->ntities, the vanadium recoveries and the sulphuric acid consumption on the initial test work would not allow the proce
--->ss to be commercially viable in Finland. Further test work and refinement may change these results; however, no additi
--->onal test work is currently planned.
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: 604-385-4489
By email: info@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.
Cautionary Note - The information in this news release includes certain "forward-looking statements" All statements, o
--->ther than statements of historical fact, included herein including, without limitation, plans for and intentions with 
--->respect to the company's properties, statements regarding intentions with respect to obligations due for various proje
--->cts, strategic alternatives, quantity of resources or reserves, timing of permitting, construction and production and 
--->other milestones, are forward-looking statements. Statements concerning Mineral Reserves and Mineral Resources are als
--->o forward-looking statements in that they reflect an assessment, based on certain assumptions, of the mineralization t
--->hat would be encountered and mining results if the project were developed and mined in the manner described. Mineral r
--->esources that are not mineral reserves do not have demonstrated economic viability. Forward-looking statements involve
---> various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual
---> results and future events could differ materially from those anticipated in such statements. Important factors that c
--->ould cause actual results to differ materially from VRB's expectations include the uncertainties involving the need fo
--->r additional financing to explore and develop properties and availability of financing in the debt and capital markets
--->; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves
---> and resources; the need for cooperation of government agencies and local groups in the exploration, and development o
--->f properties; and the need to obtain permits and governmental approval. VRB's forward-looking statements reflect the b
--->eliefs, opinions and projections of management on the date the statements are made. VRB assumes no obligation to updat
--->e the forward looking statements if management's beliefs, opinions, projections, or other factors should they change.