Mr. Adriaan Bakker reports

VANADIUMCORP ANNOUNCES PROPOSED WARRANT EXTENSION

Vanadiumcorp Resource Inc. has applied to the TSX Venture Exchange to extend the expiry date of 13,418,699 outstanding share purchase warrants issued pursuant to a non-brokered private placement which closed on April 8, 2017.

The warrants as originally issued are exercisable into common shares in the capital of the company at an exercise price of 10 cents per common share, with an expiry date of April 8, 2019. The expiry date of the warrants was subsequently extended to April 8, 2020. The warrants will be further amended by extending the expiry date to April 8, 2022. No warrants issued under the private placement have been exercised to date. All other terms of the warrants will remain the same.

The warrant extension remains subject to approval of the TSX-V.

About Vanadiumcorp Resource Inc.

Vanadiumcorp is developing an integrated supply chain, enabling scalable, safe, sustainable, low-cost, long-duration energy storage solutions for the clean energy future.