VanadiumCorp Arranges $250,000 Private Placement

TSX-V: “VRB”

VANADIUMCORP ARRANGES $250,000 PRIVATE PLACEMENT

VANCOUVER, BRITISH COLUMBIA – April 8, 2016 – Vanadiumcorp Resource Inc. has arranged a non-brokered private placement of five million units at a price of five cents per unit for a total of $250,000. Each unit consists of one common share of the issuer and one full share purchase warrant. Each full warrant will entitle the holder to acquire one common share of the issuer at a price of five cents for a period of 36 months following the closing date of the offering. All securities issued pursuant to the placement will be subject to a hold period of four months and one day from the date of closing. A cash fee of 8 per cent is also arranged for a portion of the proceeds raised. Proceeds from the placement will be used for Vanadiumcorp's Lac Dore preliminary economic assessment (PEA) and working capital. The placement is subject to regulatory approval.

FOR MORE INFORMATION, CONTACT:

Adriaan Bakker, President and Chief Executive Officer - Direct: 604-385-4485

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.