Mr. Francesco D'Alessio reports

LARGO PHYSICAL VANADIUM ANNOUNCES RESULTS OF ANNUAL MEETING

Largo Physical Vanadium Corp. has released the results of its annual meeting of shareholders held earlier today.

At the meeting, the following six nominees were appointed as directors of the company to hold office until the close of the next annual meeting of the company's shareholders: Paul Vollant, Jonathan Lee, John Kanellitsas, Larry Ciccarelli, Erik Bethel and Francesco D'Alessio. KPMG LLP was reappointed as auditor of the company. The company's management information circular containing additional details surrounding the items of business at the meeting is available under the company's profile on SEDAR+.

About Largo Physical Vanadium Corp.

Largo Physical Vanadium aims to provide a secure, convenient and exchange-traded investment alternative for investors interested in having direct exposure to physical vanadium, which is essential to achieve a greener world in key industries such as steel, aerospace and energy storage. Vanadium is non-degrading and fully recyclable when used as electrolyte in vanadium redox flow batteries (VRFBs) and offers carbon-reducing attributes when used in steel alloying applications. Largo Physical's strategy is not only to achieve appreciation through the acquisition of vanadium, but to own and actively supply vanadium to end-users of VRFBs to advance to integration of renewable energy in long duration storage. This strategy is integral to Largo Physical's business plan, as it necessarily defrays the costs associated with using vanadium in VRFBs through the unique non-degradation characteristics of the metal. Largo Physical's common shares trade on the TSX Venture Exchange under the symbol VAND.

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