VanadiumCorp Resource Receives Conditional Approval, Closes First Tranche of Financing

(TheNewswire)

Vancouver, BC – TheNewswire –April 15, 2026 – VanadiumCorp ResourceInc. (TSX-V: VRB) (FSE: NWNA)(OTC: VRBFF) ("VanadiumCorp" or the"Company") Further to its April 6,2026 news release, the Company is pleased to announce that it hasreceived conditional approval from the TSX Venture Exchange (the“Exchange”) of its private placement financing (the“Financing”).

The Financing consists of up to 5,833,333 $0.12 units(“Units”), each Unit consisting of one common share of the Companyand one common share purchase warrant (“Warrant”), each Warrantbeing exercisable for an additional common share of the Company at$0.22 for a period of two years from the date of issue, for aggregategross proceeds of up to $700,000.  

Further, the Company has closed a First Tranche of theFinancing, issuing 3,983,333 Units for aggregate gross proceeds of$477,999.96.

The Financing is subject to final Exchange approval andall securities issued pursuant to the Financing are subject to afour-month hold from date of issue.  Proceeds from the financing willbe allocated for working capital and general corporatepurposes.

About VanadiumCorp Resource Inc.

VanadiumCorp is a Canadian Critical metals explorationcompany owning 100% of two strategic properties in Quebec: The Iron Tand the flagship Lac Doré property. The companyis advancing 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 include vanadium feedstock forelectrolyte production.

On behalf of the Board ofVanadiumCorp Resource Inc.

“Kristien Davenport”

President, CEO and Director

Tel: 778?719?4366

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

VANADIUMCORP RESOURCES INC.

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.

NOT FOR DISSEMINATION IN THE UNITEDSTATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRESERVICES.

Forward?Looking Statements

This press release contains forward?lookingstatements and forward?looking information (collectively,“forward?looking statements”) within the meaning of applicableCanadian securities laws and the United States Private Securities Litigation Reform Act of 1995.Forward?looking statements include, but are not limited to,statements relating to the completion of the Offering, the use ofproceeds, exploration and development activities, and future businessplans.

Forward?looking statements are subject to known andunknown risks, uncertainties, and other factors that may cause actualresults to differ materially from those expressed or implied by suchstatements. These risks include, but are not limited to, regulatoryapprovals, market conditions, financing risks, explorationuncertainties, and those risks described in the Company’s publicdisclosure filings available on SEDAR+.

The Company does not undertake to update anyforward?looking statements except as required by applicablesecurities laws.

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