Vanadiumcorp Approved to Settle Debt for Shares

(TheNewswire)

Vancouver, British Columbia –TheNewswire – 1 2 March 2025 – VanadiumCorp Resource Inc.(TSX-V: VRB) (FSE: NWNA) (OTC: VRBFF) ("VanadiumCorp" or the"Company"), further to its February19, 2025 news release the Company is pleased toannounced that it has received approval from the TSX Venture Exchangeto settle $74,174.59 of debt by issuing 593,397 $0.125 common sharesof the Company.  The Company has now issued 595,397 $0.125 commonshares to various creditors.

The Shares for Debt transaction is a “related partytransaction” as such term is defined under MI 61-101 – Protectionof Minority Security Holders in Special Transaction.  The Company isrelying on exemptions from the formal valuation requirement ofMI-61-101 under sections 5.5(a) and (b) of MI 61-101 in respect of thetransaction as the fair market value of the transaction, insofar as itinvolves the interested party, is not more than 25% of the Company’smarket capitalization.

All securities issued pursuant to the Shares for Debttransaction are subject to a four-month plus one day hold from thedate of issue.

About VanadiumCorp ResourceInc.

VanadiumCorp Resource Inc. is a Canadian criticalmetals exploration company owning 100% of two strategic properties inQuebec: The Iron T and the flagship Lac Doré property. The company isadvancing innovative technologies to extract vanadium-titanium andpotentially high-grade iron from its vanadiferous titanomagnetiteprojects. The successful implementation of these technologies isexpected to ensure a stable, long-term supply of the company'scritical metal deposits, which includes vanadium feedstock for itsinaugural electrolyte production facility situated in Val-des-Sources,Quebec. This electrolyte plant will serve a dual purpose: evaluatingthe quality of outputs from the Lac Doré pilot plant and facilitatingthe recycling of electrolyte. Furthermore, the company intends toexpand its production of electrolytes for the international market,specifically for long-duration Vanadium Flow Batteries (VRBs).

On behalf of the Board ofVanadiumCorp Resource Inc.

“Kristien Davenport”

President and Director

VANADIUMCORP RESOURCES INC.

Company contact information:

Email: info@vanadiumcorp.com Website: 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.

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