Ms. Kristien Davenport reports

VANADIUMCORP RESOURCE SUBMITTED DOCUMENTS FOR FINAL APPROVAL OF FINANCING

Further to the Nov. 4, 2025, Nov. 13, 2025, and Nov. 25, 2025, news releases, Vanadiumcorp Resource Inc. has submitted documents seeking final approval of its 30-cent-per-flow-through-unit private placement financing for aggregate gross proceeds of $700,000.

The company has issued 2,333,333 30-cent flow-through units, each FT unit consisting of one flow-through common share and one-half of a non-flow-through common share purchase warrant, each full FT warrant being exercisable at 45 cents for 18 months from the date of issue.

In connection with the closing of the financing, the company has paid cash finders' fees totalling $49,000 and issued 163,333 non-transferable broker warrants in accordance with exchange policies.

The company will use an amount equal to the gross proceeds received by the company from the sale of the FT units, pursuant to the provisions in the Income Tax Act (Canada), to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures and, where applicable, flow-through critical mineral mining expenditures as both terms are defined in the Income Tax Act (Canada) on or before Dec. 31, 2026, and to renounce all the qualifying expenditures in favour of the subscribers of the FT units, effective Dec. 31, 2025. Prior to closing, the company obtained the required critical minerals exploration tax credit prescribed form, certifying that the qualifying expenditures intended to qualify as flow-through critical mineral mining expenditures will be incurred pursuant to an exploration plan that primarily targets critical minerals (as defined in the Income Tax Act (Canada), including vanadium.

All securities issued pursuant to the financing are subject to a four-month hold.

The financing is subject to final exchange approval.

About Vanadiumcorp Resource Inc.

Vanadiumcorp is a Canadian critical metal exploration company that owns 100 per cent of two strategic properties in Quebec: the Iron-T project and its flagship Lac Dore project. As it develops its mining assets, the company is also advancing its proprietary Vanadiumcorp electrochem process technology, which is designed to extract vanadium, titanium and potentially high-grade iron from vanadiferous titanomagnetite resources.

This dual approach -- developing strategic mineral resources while innovating extraction technology -- aims to support a reliable supply of critical metals for applications such as electrolyte production for vanadium flow batteries, a key solution for large-scale energy storage.