APAFF - Vanadiumcorp Announces New Board Of Directors And Management Team

(TheNewswire)

Vancouver, British Columbia–TheNewswire- Feb. 3, 2025– VanadiumCorp Resource Inc. (TSX-V:VRB) (FSE: NWNA) (OTC: VRBFF) ("VanadiumCorp" or the"Company") is pleased to announce the appointment of Mr. Gilles Dupuis, P.Eng ., as Chief ExecutiveOfficer, replacing Ian Mallory.

Mr. Dupuis. P. Eng is a highly respected engineering professional with 52 years of experience in thedesign, finance, construction, and operation of major world processplant projects. He specializes in process technologies for batterymetals, such as lithium and vanadium, and has extensive experienceworking with industry joint ventures and governmentcollaborations.

To focus on the production of high-quality vanadiumelectrolyte, and developing our wholly owned vanadium-titanium-ironmineral deposits, the Company announces the following new additions to the Board of Directors:

• CEO : GillesDupuis, P. Eng, Director

• President :Kristien Davenport, Director

• Corporate Finance and CorporateSecretary: Kathleen Martin, Director

• Independent Director : Andre Gauthier, P. Eng, P.GEO, Msc. A.

Kristien Davenport joined the Company in 2023 and was appointed President inDecember 2024. With 24 years of experience in business development andcorporate communications, Ms. Davenport specializes in strategicpartnerships and investor relations. Her background includes work withinnovative technologies at Ballard Power Systems and in the naturalresources sector. As a seasoned professional, Kristien guides theexecution of the Company’s business plan, financing strategies, andmarketing initiatives.

Kathleen Martin has joined the board to provide guidance with respect to corporategovernance and execution of Vanadiumcorp’s go-forward financingplans.  Ms. Martin brings decades of experience in capital markets,corporate finance, and corporate governance.  Ms. Martin was formerlya licensed investment advisor, a director of public and privatecompanies, and an independent corporate finance consultant for over 20years.

Andre Gauthier, P. Eng, P.GEO,MSC has over 47 years of experience in theMining Exploration field and has worked in over 35 countries. He has aBSC in Geology Eng. and an MSC from UQAC (Chicoutimi, Quebec) and isan active member and leader of many mining and professionalorganizations (Canada, Peru, UAE, and China). Since 2020, Andre has been leading Eval Minerals, a privatecompany that is involved in mineral investments and advisoryservices.

Gilles Dupuis, CEO, expressed his enthusiasm, stating:“The newly strengthened Board and management team at VanadiumCorppresents a valuable opportunity to enhance our initiatives in theproduction and international sale of vanadium electrolyte.Additionally, we are poised to make significant progress in advancingour strategic mineral resource at Lac Doré, Québec. I am eager tocollaborate with this qualified and experienced team to createsignificant value for our customers and shareholders.

The Company also reports that directors Pierre Alarie,Stephen Pearce and Ian Mallory have resigned to pursue otheropportunities. The Company would like to thank Messrs. Mallory,Alarie, and Pearce for their dedicated service as directors and wishesthem well in their future endeavours.

About VanadiumCorp ResourceInc.

VanadiumCorp Resource Inc. produces a high-quality stream of vanadiumelectrolyte catering to the expanding international market forlong-duration Vanadium Redox Flow Batteries (VRFB). The Company'sinitial manufacturing facility is located in Val-des-Sources, Québec.The procurement of stable, long-term access to vanadium feedstock forelectrolyte production is assured, contingent upon the successfuldevelopment of the Company’s wholly-owned vanadium-titanium-ironmineral deposits, particularly the flagship Lac Doré deposit situatednear Chibougamau, Québec. Moreover, the electrolyte plant will servethe dual purpose of evaluating the quality of the outputs from the LacDoré pilot plant as well as facilitating the reprocessing ofelectrolytes.

On behalf of the Board ofVanadiumCorp Resource Inc.

Gilles Dupuis
CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider(as defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.

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