VRB:CC - Vanadiumcorp Launches Its International Marketing Effort

(TheNewswire)

Vancouver, British Columbia – June27, 2024 – TheNewswire – VanadiumCorp Resource Inc.(TSX-V: VRB) (FSE: NWNA) (OTC: VRBFF) ("VanadiumCorp" or the"Company). The Company has produced aninventory of high-purity electrolytes at its Plant No. 1 in Val desSource, Quebec. The operations team has shown the capacity tomanufacture to tight specifications and low impurities, based on theC-Tech electrolyzer system. We are now fielding product calls fromVanadium Flow Battery OEMs looking for a dependable, Made-in-Canadasource of high-purity vanadium electrolytes.

Peter Besenovsky, P.Eng., the CEO of our Germansubsidiary, Vanadiumcorp GmbH, is attending the International FlowBattery Forum (IFBF®) this week in Glasgow, UK. Peter reports fromthe floor of IFBF that Variable Energy Resources (VER) such as largesolar and wind projects are facing severe curtailment on theelectrical grids of Europe, especially Germany. As the share of VERquickly rises, tackling the stability of the grid and full use ofrenewable energy will require an exceptionally large complement oflong duration energy storage – a strength of the vanadium flowbattery.

Peter leaves the conference for meetings in Europe tointroduce VanadiumCorp to industry and government and to negotiate ourfirst round of electrolyte sales. Vanadiumelectrolyte production is a key milestone for VanadiumCorp. Plant No.1 proves our capacity to build manufacturing plants and will providesufficient electrolytes to develop our initial customer base.

The Company's technical team completed scoping-levelengineering for a 4 to 8 million litres per year plant. Upon securingofftake contracts, scoping indicates that about 18 months of detailedengineering, procurement and construction are required to open PlantNo. 2.

Paul McGuigan, P. Geo., CEO of the Company, stated:

"VanadiumCorp has constructedits first electrolyte plant in less than 12 months using mostlyin-house technical staff. We look forward to our next phase ofcorporate development and commercial production enabled by theexperience of our first plant.”

About the International Flow BatteryForum (IFBF®)

The purpose of the IFBF is to raise the profile of flowbatteries in the electrical energy storage sector. The International Flow BatteryForum (IFBF®) is the leading event for the flowbattery community. The IFBF promotes the most recent developments inthe science, technology, and commercialization of flow batteries.Their conferences cover a broad range of interests in the research andcommercial aspects of flow batteries.

About VanadiumCorp ResourceInc.

The Company’s Plant No. 1 is in Val-des-Sources, Québec, at theCarrefour d’Innovation sur les Matériaux de la MRC des Sources(CIMMS). The Company's website ( www.vanadiumcorp.com ) displays photographs of the completed plant.

A remarkable transformation of the global energylandscape is underway as we shift toward renewable energy sources.Solar and wind energy sources are forecasted to dominate powergeneration. Yet, vast amounts of long-duration energy storage (LDES)are vital to time-shift and stabilize these variable energy sources.The Vanadium Flow Battery is the most mature of the LDES batterytechnologies. According to MIT (2022), the VFB is “unique for itsability to perform indefinitely with inexpensive operationalmaintenance."

To assure stable, long-term access to vanadiumfeedstocks for electrolyte manufacturing, the Company is developingnovel hydrometallurgical processes to extract vanadium from thetitanomagnetite deposits at its wholly owned Lac Doré property nearChibougamau, Québec.

On behalf of the Board ofVanadiumCorp Resource Inc.:

Paul McGuigan, P. Geo.
Director, Chief Executive Officer
pjm@vanadiumcorp.com
Direct: +1.604.970.3278

Company Contact Information:

Neither the TSX Venture Exchange nor its RegulationServices Provider (as defined in the policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of thisrelease.

Forward-Looking Statements

This document may contain forward-looking statements(including "forward-looking information" within the meaningof applicable Canadian securities laws and "forward-lookingstatements" within the meaning of the US Private SecuritiesLitigation Reform Act of 1995) regarding, among other things,VanadiumCorp's business. and the environment in which it operates. Ingeneral, forward-looking statements can be identified by the use ofwords such as "anticipates", "expects" or"does not expect", "is expected","budget", "forecast", "estimates","forecasts", "intends", "anticipates" or"does not anticipate", or "believes", orvariations of such words and phrases or statements that certainactions, events or results "may", "could","would", "could" or "will be taken", "occur" or "will be achieved". VanadiumCorprelies on a number of assumptions and estimates to make theseforward-looking statements, including, without limitation, the abilityto acquire the necessary permits and authorizations to advance the LacDoré property to the production stage, the ability to add to existingresources at Lac Doré through drilling, the costs associated with thedevelopment and operation of its properties. These assumptions andestimates are made in light of forecasts and conditions that areconsidered relevant and reasonable based on available information andcurrent circumstances. A number of risk factors may cause actualresults, level of activity, performance or results of such explorationand/or mine development to differ materially from those expressed orimplied by such forward-looking statements, including, withoutlimitation, whether such discoveries will result in commerciallyviable quantities of such mineralized materials, the ability to modifyproject parameters as plans continue to be refined, the ability toexecute planned future exploration and drilling programs, the need foradditional financing to continue exploration and development efforts,changes in general economic, market and business conditions, and otherrisks outlined in VanadiumCorp's latest Annual Information Form underthe heading "Risk Factors" and in its other publicdocuments. Forward-looking statements are not guarantees of futureperformance and such information is inherently subject to known andunknown risks, uncertainties and other factors that are difficult topredict and that may be beyond VanadiumCorp's control. AlthoughVanadiumCorp has attempted to identify important risks and factorsthat could cause actual actions, events or results to differmaterially from those described in the forward-looking statements,there may be other factors and risks that cause actions, events orresults not to be as anticipated, estimated or intended. Accordingly,undue reliance should not be placed on these forward-lookingstatements. In addition, all forward-looking statements in this pressrelease are made as of the date of this press release. VanadiumCorpdisclaims any intention or obligation to update or revise anyforward-looking statements, whether as a result of new information,future events or otherwise, except as required by applicablesecurities laws. The forward-looking statements contained herein areexpressly qualified by this disclaimer.

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