Ms. Kristien Davenport reports

VANADIUMCORP APPOINTS KRISTIEN DAVENPORT AS CHIEF EXECUTIVE OFFICER, ANNOUNCES $440,000 PRIVATE PLACEMENT FINANCING

Vanadiumcorp Resource Inc. has appointed Kristien Davenport as chief executive officer. Ms. Davenport, who was appointed president in December, 2024, succeeds Gilles Dupuis, PEng, who will now focus exclusively on his role as chief operating officer.

Ms. Davenport brings over 24 years of experience in capital markets, business development, strategic partnerships and corporate management. Her background includes Ballard Fuel Cells and extensive involvement in the natural resources sector. Since joining Vanadiumcorp, she has demonstrated exceptional leadership and strategic insight. As CEO, she will lead the execution of the company's corporate strategy, capital markets initiatives and corporate management.

Mr. Dupuis will continue to serve as COO and a director. He will focus on advancing the company's Carrefour d'innovation sur les materiaux de la MRC des sources (CIMMS) pilot plant.

The company is also pleased to announce a non-brokered private placement financing of up to $440,000.

The financing will consist of 4,545,455 11-cent units. Each unit will consist of one common share of the company and one common share purchase warrant, each warrant being exercisable for an additional common share of the company at 15 cents to acquire an additional common share at 15 cents for a period of two years from the date of issue.

The company may pay finders' fees in cash and warrants bearing the same terms as the 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 issue date. The financing is subject to TSX Venture Exchange approval. Proceeds from the financing will be allocated for working capital, upgrading the pilot plant production and general corporate purposes.

Further, the company announces that Kathleen Martin has stepped down from the board of directors to pursue a new opportunity. Vanadiumcorp extends its sincere gratitude for her contributions and wishes her continued success.

About Vanadiumcorp Resource Inc.

Vanadiumcorp is a Canadian critical metals exploration company owning 100 per cent of two strategic properties in Quebec: the Iron T 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 metal deposits, which include vanadium feedstock for electrolyte production. The company's initial electrolyte facility, located in Val-des-Sources in Quebec, will serve a dual purpose: evaluating the quality of the outputs and facilitating the initial production of electrolytes. Furthermore, the company intends to expand its production of electrolytes for the international market, specifically for long-duration vanadium flow batteries (VRBs).

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