Ms. Kristien Davenport reports

VANADIUMCORP ANNOUNCES $500,000 PRIVATE PLACEMENT FINANCING

Vanadiumcorp Resource Inc. has filed documents with the TSX Venture Exchange, seeking conditional approval of its non-brokered private placement of up to $500,000.

The financing will consist of up to 4,545,455 11-cent units, each unit consisting 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 for a period of two years from the date of issue.

Subject to exchange approval, the company will close a first tranche of the financing, issuing 1,590,909 units, for aggregate gross proceeds of $174,999.99. The company may pay finders' fees in cash and warrants in accordance with exchange policies.

The financing is subject to exchange approval, and all securities issued pursuant to the financing will be subject to a four-month hold from date of issue. Proceeds from the financing will be allocated for working capital and general corporate purposes.

About Vanadiumcorp Resource Inc.

Vanadiumcorp is a Canadian critical metal 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. Its initial electrolyte facility, located in Val-des-Sources, Que., 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.