Mr. Gilles Dupuis reports

VANADIUMCORP ANNOUNCES NEW INDEPENDENT DIRECTOR

Vanadiumcorp Resource Inc. has appointed Brian Gusko, BA, MBA, as an independent director. He will replace Christian Paradis, who has resigned from the position.

Mr. Gusko holds an MBA from the University of Calgary and has attended the European Summer School of Advanced Management. With over 15 years of experience in capital markets, he has successfully helped raise more than $75-million for various enterprises. He has served on the boards of several private and public companies and has held the position of chief financial officer (CFO) for multiple organizations.

Early in his career, Mr. Gusko worked internationally as a research associate with the U.S. Department of Commerce. He later held a corporate planning position with a Mitsubishi Group Company in Tokyo and worked in product management at a Vodafone spinoff in the Netherlands.

Throughout his career, Mr. Gusko has facilitated the interlisting of over 10 companies on the Frankfurt Stock Exchange and has assisted numerous firms in accessing the German capital markets. In his most go-public transaction, he guided a company to its public listing on the Canadian Securities Exchange (CSE), where it achieved a market capitalization exceeding $200-million at the time of listing.

In addition to his professional accomplishments, Mr. Gusko speaks English, Japanese and German.

Gilles Dupris, chief executive officer and director, stated: "Mr. Gusko brings a wealth of experience in public companies, combined with a strong background in mining and green energy. His extensive expertise will enhance the team's capabilities as Vanadiumcorp pursues its immediate objectives and aspires to establish itself as a leading producer of electrolyte in Canada."

The company would like to thank Mr. Paradis for his dedicated service as an independent director and wishes him well in his future endeavours.

About Vanadiumcorp Resource Inc.

Vanadiumcorp Resource produces a high-quality stream of vanadium electrolyte catering to the expanding international market for long-duration vanadium redox flow batteries (VRFB). The company's initial manufacturing facility is located in Val-des-Sources, Que. The procurement of stable, long-term access to vanadium feedstock for electrolyte production is assured, contingent upon the successful development of the company's wholly owned vanadium-titanium-iron mineral deposits, particularly the flagship Lac Dore deposit situated near Chibougamau, Que. Moreover, the electrolyte plant will serve the dual purpose of evaluating the quality of the outputs from the Lac Dore pilot plant as well as facilitating the reprocessing of electrolytes.

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