Mr. Ian Mallory reports

VANADIUMCORP CORPORATE UPDATE

Vanadiumcorp Resource Inc. has provided the following update of key events.

1) The company is now shipping samples of its vanadium electrolyte product from its first electrolyte plant to a major international manufacturer of vanadium flow batteries (VFB) for verification of technical specifications. The company expects to send further samples of its product to three other manufacturers of VFB within the next month.

2) The company has successfully completed an August fieldwork program over the Lac Dore North and Lac Dore extension claims in Quebec. The fieldwork, the associated cash payments and assessment credits have duly satisfied the assessment obligations over the north-northeast strike trend of the Lac Dore complex Layered zone magmatic horizon that hosts the Lac Dore deposit.

The company expects to receive the work report detailing the new assessment work by next week to complete the required filings by Sept. 21, 2024. After filing, the company's Lac Dore, Lac Dore North and Lac Dore extension claims groups will require no significant assessment work in 2025.

3) Ian Graham has resigned from the board of directors and as president of the company, effective Sept. 8. The company is considering the appropriate replacement for this role in due course.

About Vanadiumcorp Resource Inc.

Vanadiumcorp Resource is engaged in the production of high-quality vanadium electrolytes for the expanding international market for long-duration vanadium flow batteries. The company's pilot plant facility is based in Val-des-Sources, Que. The company is also advancing technologies for the production of the strategic vanadium-titanium and potentially high-grade iron located at its vanadiferous titanomagnetite projects, including at its flagship Lac Dore deposit near Chibougamau, Que. The successful deployment of these technologies would enable stable, long-term access to the company's deposits of critical metals, including vanadium feedstock for the production of electrolytes by the company.

We seek Safe Harbor.