Mr. Kristien Davenport reports

VANADIUMCORP APPROVED TO SETTLE DEBT FOR SHARES

Further to Vanadiumcorp Resource Inc.'s Feb. 19, 2025, news release the company has received approval from the TSX Venture Exchange to settle $74,174.59 of debt by issuing 593,397 12.5-cent common shares of the company. The company has now issued 595,397 12.5-cent common shares to various creditors.

The shares for Debt transaction is a related party transaction as such term is defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transaction. The company is relying on exemptions from the formal valuation requirement of MI 61-101 under sections 5.5(a) and (b) of MI 61-101 in respect of the transaction as the fair market value of the transaction, insofar as it involves the interested party, is not more than 25 per cent of the company's market capitalization.

All securities issued pursuant to the shares for debt transaction are subject to a four-month-plus-one-day hold from the date of issue.

About Vanadiumcorp Resource Inc.

Vanadiumcorp Resource is a Canadian critical-metals exploration company owning 100 per cent of two strategic properties in Quebec: the Iron T property and the flagship Lac Dore property. The company is advancing innovative technologies to extract vanadium-titanium, and potentially high-grade iron, from its vanadiferous titanomagnetite projects. The successful implementation of these technologies is expected to ensure a stable, long-term supply of the company's critical-metals deposits, which includes vanadium feedstock for its inaugural electrolyte production facility situated in Val-des-Sources, Que. This electrolyte plant will serve a dual purpose: evaluating the quality of outputs from the Lac Dore pilot plant and facilitating the recycling of electrolyte. Furthermore, the company intends to expand its production of electrolytes for the international market, specifically for long-duration vanadium flow batteries (VRBs).