Ms. Kristien Davenport reports

VANADIUMCORP GETS CONDITIONAL APPROVAL CLOSES FIRST TRANCHE OF FLOW-THROUGH FINANCING

Further to Vanadiumcorp Resource Inc.'s Nov. 4, 2025, and Nov. 13, 2025, news releases the company has received conditional approval from the TSX Venture Exchange of its previously announced private placement financing.

The financing consists of up to 2,333,333 30-cent flow-through units (FT units), each FT unit consisting of one flow-through common share (FT share) and one-half of a non-flow-through common share purchase warrant (FT warrant), each full FT warrant being exercisable at 45 cents for 18 months from the date of issue, and up to 2.8 million 25-cent non-flow-through units (NFT units), each NFT unit consisting of one common share of the company and one common share purchase warrant (NFT warrant), each NFT warrant being exercisable at 45 cents for 18 months from the date of issue, for aggregate gross proceeds of up to $1.4-million.

Further, the company announces that it has closed a first for aggregate gross proceeds of $700,000 and has issued 2,333,333 FT units.

In connection with the closing of the first tranche of the financing, the company has paid cash finders' fees totalling $49,000 and issued 163,333 non-transferable broker warrants, in accordance with exchange policies.

The company will use an amount equal to the gross proceeds received by the company from the sale of the FT units, pursuant to the provisions in the Income Tax Act (Canada), to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures and, where applicable, flow-through critical mineral mining expenditures as both terms are defined in the Income Tax Act (Canada) on or before Dec. 31, 2026, and to renounce all the qualifying expenditures in favour of the subscribers of the FT units effective Dec. 31, 2025. Prior to closing, the company obtained the required Critical Minerals Exploration Tax Credit (CMETC) prescribed form, certifying that the qualifying expenditures intended to qualify as flow-through critical mineral mining expenditures will be incurred pursuant to an exploration plan that primarily targets critical minerals (as defined in the Income Tax Act (Canada)), including vanadium.

All securities issued pursuant to the financing are subject to a four-month hold from the date of issue.

Net proceeds from the financing will be used for the company's exploration program on its projects.

About Vanadiumcorp Resource Inc.

Vanadiumcorp Resource is a Canadian critical mineral exploration company focused on developing vanadium-rich assets in Quebec. Its flagship Lac Dore vanadium project offers high-purity vanadium with excellent recoveries, ideal for energy storage applications. The company has also built an electrolyte pilot plant in Val-des-Sources, Que., designed to test extracted vanadium materials and launch future commercial production of vanadium electrolyte for VRFBs. With vanadium and titanium now designated as critical minerals in Canada and the United States, Vanadiumcorp is aligned with national strategies to strengthen domestic supply chains.

We seek Safe Harbor.