Mr. Paul McGuigan reports

AUSTRALIAN GRANT OF PATENT ISSUED FOR VANADIUMCORP'S METALLURGICAL PROCESS

Vanadiumcorp Resource Inc. is developing novel hydrometallurgical processes to extract vanadium from the titanomagnetite deposits at its wholly owned Lac Dore property near Chibougamau, Que., to support its ambitions in electrolyte manufacturing.

Vanadiumcorp is pleased to announce the Australian government issued the grant of a patent (patent No.: 2018225820) for the hydrometallurgical processes for recovering vanadium and iron values from vanadiferous titanomagnetite and vanadiferous feedstocks. The patent is for the Vanadiumcorp electrochem process technology (VEPT), invented by the prominent electrochemist Dr. Francois Cardarelli and now 100 per cent owned by Vanadiumcorp. The term of the patent runs for 20 years from Feb. 21, 2018. VEPT is now patented in the United States, South Africa and Australia. Patent applications are pending in India, Europe and Canada. Additionally, Vanadiumcorp has filed a continuation patent in the U.S. that contains broader claims. All the granted patents and pending applications are current and fully up to date.

Paul McGuigan, PGeo, chief executive officer of the company, stated:

"We are pleased to be granted a patent for our VEPT process in Australia, which has rich vanadium mineral resources and robust mine development activity. With Australia in our patent-protected sphere, Vanadiumcorp can protect its developing know-how in extracting vanadium from primary concentrates, fly ash and the slags from electric arc furnaces."

The VEPT process consists of digesting vanadiferous titanomagnetite magnetite and other feedstocks into concentrated sulphuric acid to minimize energy consumption significantly compared with conventional pyrometallurgical processes for vanadium. After reducing the pregnant solution electrochemically, the VEPT process recovers ferrous sulphate heptahydrate (Copperas), titanium hydrolysate and vanadyl sulphate. Vanadyl sulphate is a precursor for preparing the vanadium electrolytes used in vanadium flow batteries (VFBs) or various vanadium chemicals used in lithium batteries.

About Vanadiumcorp Resource Inc.

Vanadiumcorp Resource seeks to produce a reliable stream of high-quality vanadium electrolytes for the expanding international market for long-duration vanadium flow batteries. The company's initial manufacturing facility is based in Val-des-Sources, Que. Stable, long-term access to vanadium feedstock for the production of electrolytes is assured, success-contingent on developing the company's wholly owned vanadium-titanium-iron mineral deposits, including the flagship Lac Dore deposit near Chibougamau, Que.

The company's electrolyte plant will also test the quality of the anticipated outputs from a Lac Dore pilot plant and reprocess electrolytes as needed. The company is currently scoping the expansion of production to four million litres of electrolytes per year.

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