Mr. Pail McGuigan reports

GOVERNMENT OF INDIA GRANT OF PATENT ISSUED FOR VANADIUMCORP'S METALLURGICAL PROCESS

The government of India patent office has issued Vanadiumcorp Resource Inc. the grant of patent (No. 517528) 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, Australia and India. Patent applications are pending in the European Union and Canada only. 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 lately in Australia and now India. Australia is endowed with rich vanadium mineral resources and robust mine development activity. India has significant vanadiferous feedstocks, such as refinery wastes and fly ash. With these two additions to our patent-protected sphere, Vanadiumcorp can protect its developing know-how in extracting vanadium from primary mineral 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-ion and vanadium-ion batteries.

About Vanadiumcorp Resource Inc.

Vanadiumcorp Resource is a Canadian critical metals company supporting the supply chain of a new generation of long-duration vanadium flow batteries (VFBs) and targeting the decarbonization of electrical grids. To support its ambitions in electrolyte manufacturing, the company seeks a long-term supply of vanadium for electrolytes, success-contingent on developing its wholly owned Lac Dore deposit near Chibougamau, Que.

We seek Safe Harbor.