Ms. Kristien Davenport reports

VANADIUMCORP ANNOUNCES REDUCTION OF MANAGEMENT DEBT

Vanadiumcorp Resource Inc. has significantly reduced carried debt from outstanding management fees. The company will be issuing shares for this debt under TSX Venture Exchange Policy 4.3.

Vanadiumcorp has reached an agreement with eight of 10 current and former management and directors to accept shares in exchange for fees owed to them. The parties to the debt settlement have agreed to reduce the original amount of cash owing $458,606.10 to $91,722.00, a reduction of 80 per cent.

An amount of $258,286 remains owing to former consultants and directors.

A total of 733,776 common shares will be issued at a price of 12.5 cents, the closing price on Feb. 14, 2025. These shares will be subject to a four-month hold period. This transaction is subject to regulatory approval.

Kristien Davenport, president of the company, states: "Like many other companies across all sectors, Vanadiumcorp has had a difficult few years. The current board recognizes the importance of focusing our business plan on workable, sustainable projects that will enhance shareholder value. To that end, we have closed our office in Germany, entered into payment arrangements or settlements with our vendors and are focusing our energies and expenditures on our exploration property and vanadium electrolyte facility in Quebec. With the guidance of Gilles Dupuis, Gilles Champagne and Andre Gauthier, I am confident they will continue to keep the best interests of the company and its stakeholders as first position as the main priority and provide valuable, tangible results. I would like to thank all of the members of the management and board who accepted this offer. You have provided investors confidence in your commitment to the success of the company."

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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