Mr. Kristien Davenport reports

VANADIUMCORP RESOURCE INC. ANNOUNCES SHARES-FOR-DEBT SETTLEMENT WITH CAUR TECHNOLOGIES

Vanadiumcorp Resource Inc. has entered into a shares-for-debt settlement agreement with CAUR Technologies Inc. to settle an aggregate of $222,500 of debt.

Pursuant to the settlement, and on receipt of TSX Venture Exchange approval, the company will issue 1,483,333 common shares at a deemed price of 15 cents per share, in accordance with the terms of a geophysical services agreement dated Oct. 17, 2024.

The shares to be issued under the settlement will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.

The settlement remains subject to the approval of the TSX Venture Exchange.

About Vanadiumcorp Resource Inc.

Vanadiumcorp is a Canadian critical metals exploration company that holds a 100-per-cent interest in two mineral properties in Quebec: the Iron-T project and its flagship Lac Dore project. The company's strategy combines resource development with technology innovation aimed at supporting the supply of vanadium for applications such as vanadium flow battery electrolyte used in large-scale energy storage systems. In addition to advancing its mineral assets, the company is developing its proprietary Vanadiumcorp electrochem process technology (VEPT), which is intended to extract vanadium, titanium and potentially iron from vanadiferous titanomagnetite resources.

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