Ms. Kristien Davenport reports

VANADIUMCORP ANNOUNCES PRIVATE PLACEMENT TO RAISE $800,000 FOR ELECTROLYTE PRODUCTION

Vanadiumcorp Resource Inc. has arranged a non-brokered private placement financing of up to $800,000.

The financing will consist of 7,272,727 units priced at 11 cents per unit for gross proceeds of up to $800,000. Each unit will consist of one non-flow-through common share of the company and one purchase warrant to acquire an additional common share at 15 cents for a period of three years.

The company may pay finders' fees in cash and warrants bearing the same terms as the unit warrants. All shares issued pursuant to the financing and any shares issued through the exercise of warrants will be subject to a four-month hold from the closing date. The financing is subject to TSX Venture Exchange approval.

The financing proceeds will be used for working capital, the production and sale of vanadium electrolyte, the engineering of a second plant, and general corporate purposes.

Vanadiumcorp president Kristien Davenport stated: "This small financing will bring our initial pilot plant back into production. Further, we can continue the engineering work for our second plant, which we estimate will produce up to four million litres of electrolyte annually once it is commissioned. This will enable Vanadiumcorp to provide Canadian electrolyte to the global vanadium flow battery industry."

About Vanadiumcorp Resource Inc.

Vanadiumcorp Resource is engaged in the production of high-quality vanadium electrolytes for the expanding international market for long-duration vanadium flow batteries (VFB). The company's pilot plant facility is based in Val-des-Sources, Que. The company is also advancing technologies for the production of strategic vanadium-titanium, and potentially high-grade iron, located at its vanadiferous titanomagnetite projects, including at its flagship Lac Dore deposit near Chibougamau, Que. The successful deployment of these technologies would enable stable, long-term access to the company's deposits of critical metals, including vanadium feedstock for the production of electrolyte by the company.

We seek Safe Harbor.