Mr. Ian Mallory reports

VANADIUMCORP APPOINTS CHRISTIAN PARADIS TO ITS BOARD OF DIRECTORS

Christian Paradis, PC, LLB, has joined the board of directors of Vanadiumcorp Resource Inc., effective today.

Mr Paradis has been a Member of the Quebec Bar since 1997. He was Member of the Parliament of Canada for Megantic-L'Erable, Quebec from 2006 to 2015, and Minister between 2008 and 2015 of Public Works and Government Services, Natural Resources, Industry and International Development and La Francophonie.

During his years in public office, Mr Paradis led critical files in Canada and globally.

After leaving office, he joined GardaWorld for four years as Senior Vice President, Strategic Development, Protective Services.

He his currently a senior advisor to, and member of boards of directors of, various companies in Canada.

Mr Paradis graduated from the University of Sherbrooke in civil law and holds a graduate degree in corporate law from Universite Laval. He is member of the King's Privy Council for Canada since 2007 and he is recipient of the Queen Elizabeth II's Diamond Jubilee Medal (2012).

Ian Mallory, Executive Chairman of the Company, stated: "We are delighted to have Christian join the Vanadiumcorp team. His impressive leadership background in industrial, resource and community development, and strong reputation as a results-driven figure will be invaluable to the Board as the Company seeks to realize on our strategy of commencing production of vanadium electrolyte in Val-des-Sources, Quebec in Q1 2024 and advancing progress on our strategic mineral resource at Lac Dore, Quebec."

Christian Paradis stated: " I am thrilled to join the Board of Directors of Vanadiumcorp. High-quality vanadium electrolyte production will expand and diversify the battery industry, and will be able to ensure a longer-duration energy supply, thus meeting additional growing needs in this field. The Company's projects fit in perfectly with local and sustainable development of clean energy production and I will enthusiastically contribute."

About Vanadiumcorp Resource Inc.

Vanadiumcorp Resource Inc. seeks to produce a reliable stream of high-quality vanadium electrolytes for the expanding international market for long-duration Vanadium Redox Flow Batteries (VRFB). The Company's initial manufacturing facility is based in Val-des-Sources, Quebec. Stable, long-term access to vanadium feedstock for the production of electrolytes is assured, success-contingent on developing our wholly-owned vanadium-titanium-iron mineral deposits, including our flagship Lac Dore deposit near Chibougamau, Quebec. The Company's electrolyte plant will also be used to test the quality of Lac Dore pilot plant outputs and to reprocess electrolytes.

We seek Safe Harbor.