Received by email:

File: Attachment NR_2019Nov19_VRB.pdf

 
 
                                                                                                           TSX-V: "VRB
--->"
 
 
                                                                       
                                 NOT FOR RELEASE IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES 

              VANADIUMCORP CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT 
                                                                       

VANCOUVER,  BRITISH  COLUMBIA,   November  19,  2019     VanadiumCorp  Resource  Inc.  (TSXV:  "VRB")  (the 
"Company") is pleased to announce that it has completed the second and final tranche of its previously announced non
brokered  private  placement.  In  connection  with  the  second  tranche,  the  Company  issued  5,700,000  nonflowth
--->rough 
units at a price of $0.05 per unit for gross proceeds of $285,000. Pursuant to the first tranche closing (see News Rel
--->ease 
dated October 25, 2019) the Company issued 12,138,461 flowthrough common shares at a price of $0.065 per share for 
gross proceeds of $789,000, and combined with the second and final tranche closing, the Company has raised aggregate 
gross proceeds of $1,074,000. 
 
Each  unit  consisted  of  one  common  share  of  the  Company  and  one  share  purchase  warrant.  Each  warrant  e
--->ntitles  the 
holder to acquire one common share of the Company a price of $0.07 per share for a period of 24 months from the date 
of closing.  
 
Proceeds  from  the  private  placement  will  be  utilized  for  advancing  the  100%  owned  Lac  Dore  Vanadium  Pr
--->oject  in 
Chibougamau, Quebec, Canada and for general working capital.  
 
No  finder's  fees  paid  in  connection  with  the  second  tranche  of  the  private  placement.  The  shares  issue
--->d  in  connection 
with  the  second  tranche  are  subject  to  resale  restrictions  expiring  on  March  19,  2020  in  accordance  wi
--->th  applicable 
securities laws. 
 
This  news  release  does  not  constitute  an  offer  of  securities  for  sale  in  the  United  States.  The  secur
--->ities  being  offered 
have  not  been,  nor  will  they  be,  registered  under  the  United  States  Securities  Act  of  1933,  as  amende
--->d,  and  such 
securities  may  not  be  offered  or  sold  within  the  United  States  absent  United  States  registration  or  an
--->  applicable 
exemption from United States registration requirements. 
 
VanadiumCorp  Resource  Inc.  is  an  integrated  company  developing  an  exclusive  supply  chain  for  next  genera
--->tion 
vanadium  redox  flow  batteries.  The  Company  has  jointly  developed  process  technology  that  mitigates  the  c
--->ost  and 
carbon  footprint  of  vanadium  which  is  successfully  tested  on  many  global  feedstocks.  The  Company's  vanad
--->ium  rich 
titanomagnetite  resource  base  is  located  in  mining  friendly  Quebec,  Canada  and  the  first  VRFB  production
--->  facility  is 
located in Karlsruhe, Germany. 
On behalf of the board of VanadiumCorp: 
Adriaan Bakker
President and Chief Executive Officer 

For more information: 
Adriaan Bakker,  
President and CEO, VanadiumCorp Resource Inc.  
(TSXV: "VRB") 
By phone: 16043854489 
By email: ab@vanadiumcorp.com 
Website: www.vanadiumcorp.com 
Neither  the  TSX  Venture  Exchange  nor  its  Regulation  Services  Provider  (as  that  term  is  defined  in  the 
---> policies  of  the  TSX 
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.