Progress update - Ambient Noise Tomography Survey - Lac Dore deposit

(TheNewswire)

Vancouver, British Columbia –TheNewswire - April 14, 2025, VanadiumCorp Resource Inc. (TSX-V: VRB) (FSE: NWNA) (OTC: VRBFF)VanadiumCorp (the "Company") engagedCAUR Technologies December 2024 to conduct an Ambient Noise Tomography(ANT) survey to characterize the Lac Doré deposit located onVanadiumCorp’s property near Chibougamau, Quebec. Ambient NoiseTomography is a passive technique that records ambient vibrationsusing seismic sensors. This method allows for the modelling ofunderground structures and provides detailed information on S-wavevelocities.

The scope of the project includes creating a syntheticvelocity model, optimizing the sensor network design, and recordingseismic noise using 104 triaxial sensors. Additionally, the projectinvolves managing and archiving the seismic data collected. The finalreport will detail the survey design, field campaign, data collected,data analysis, the final S-wave velocity model, and geologicalinterpretations.

ATN Progress Report

Initial planning focused on designing the sensor layoutto optimize the imaging of the Lac Doré deposit. Fieldwork at the LacDoré property started during the week of December 22, 2024. Initialactivities included land surveying, reconnaissance, and the placementof sensor positions in preparation for deployment. Geophone deploymentwas completed in March, and data recording will conclude at the end ofApril. Following this, data processing will begin on the 3Dgeophysical interpretation model, which is expected to takeapproximately four to six weeks.

The goal of the Ambient Noise Tomography Survey is todevelop an updated geological and structural model. This model will beused in the revision of the “NI 43-101” report which was includingVTM Resource, which was released in 2020 and is classified as ahistorical estimate.

Financing

The Company has submitted documents to the TSX VentureExchange (the “Exchange”) to seek conditional approval for theannounced financing, which includes the closing of a second tranchethat will generate gross proceeds of $50,000.00. This tranche involvesthe issuance of 454,545 Units to arm's-length subscribers.Additionally, the Company may pay finders’ fees in cash andwarrants, which will have the same terms as the Unit Warrants.Furthermore, in order to accommodate changes in the Quebecflow-through tax regulations announced March 25, 2025 the Company hasreceived approval to extend the announced financing to May 14,2025.

All shares issued as part of this financing, as well asany shares resulting from the exercise of warrants, will be subject toa four-month hold period from the closing date. The financing iscontingent upon approval from the TSXV Exchange.

Net proceeds from the financing will be used forexploration and metallurgical testing of the Company's wholly-ownedmineral properties, electrolyte plant, and general corporatepurposes.

Director of VanadiumCorp Andre Gauthier, P. Eng., P.GEOis the qualified person (as defined in NI 43-101) who has reviewedthis news release.

Additional information about Vanadiumcorp can be found on its website,and you can review its profile on SEDAR+ at www.sedarplus.ca .

About VanadiumCorp ResourceInc.

VanadiumCorp is a Canadian critical metals exploration company owning 100% of two strategic properties in Quebec: TheIron T and the flagship Lac Doré property. The company is advancing innovative technologies to extractvanadium-titanium and potentially high-grade iron from itsvanadiferous titanomagnetite projects. The successful implementationof these technologies is expected to ensure a stable, long-term supplyof the company's critical metal deposits, which includes vanadiumfeedstock for its inaugural electrolyte production facility situatedin Val-des-Sources, Quebec. This electrolyte plant will serve a dualpurpose: evaluating the quality of outputs from the Lac Doré pilotplant and facilitating the recycling of electrolyte. Furthermore, thecompany intends to expand its production of electrolytes for theinternational market, specifically for long-duration Vanadium FlowBatteries (VRBs).

On behalf of the Board ofVanadiumCorp Resource Inc.

“Kristien Davenport”

President and Director

VANADIUMCORP RESOURCES INC.

Company contact information: For moreinformation , please visit the company website

Email: info@vanadiumcorp.com www.vanadiumcorp.com

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.

Forward-Looking Statements

This document may contain forward-looking statements (including"forward-looking information" within the meaning ofapplicable 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". VanadiumCorp relieson a number of assumptions and estimates to make these forward-lookingstatements, including, without limitation, the ability to acquire thenecessary permits and authorizations to advance the Lac Doré propertyto the production stage, the ability to add to existing resources atLac Doré through drilling, the costs associated with the developmentand operation of its properties. These assumptions and estimates aremade in light of forecasts and conditions that are considered relevantand reasonable based on available information and currentcircumstances. A number of risk factors may cause actual results,level of activity, performance or results of such exploration and/ormine development to differ materially from those expressed or impliedby such forward-looking statements, including, without limitation,whether such discoveries will result in commercially viable quantitiesof such mineralized materials, the ability to modify projectparameters as plans continue to be refined, the ability to executeplanned 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 are expresslyqualified by this disclaimer.

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