Funding Update - Warrant Exercise

TSX-V: “VRB”

Funding Update - Warrant Exercise

VANCOUVER, BRITISH COLUMBIA – April 4, 2018. VanadiumCorp Resource Inc. (TSX-V: "VRB") (the "Company") is pleased to report that it has received $337,018 CDN from the exercise of 5,524,545 share purchase warrants with exercise prices ranging between $0.06 and $0.10 CDN.

About VanadiumCorp

VanadiumCorp Resource Inc. is an innovative process technology and mining company dedicated to commercializing new methods to sustainably recover critical metals. The energy of tomorrow will be radically different than the past. Innovation will prove essential to meeting the world's growing energy needs sustainably. Vanadium electrolyte is the key to sustainable energy storage and the wide-spread deployment of renewable energy. VanadiumCorp-Electrochem Process Technology is the world's first environmentally sustainable, high-yield, high-efficiency process for recovering vanadium, titanium and iron from virtually any vanadium-bearing source, including waste. VanadiumCorp also holds a significant vanadium-titanium-iron bearing resource base in mining friendly Quebec, Canada.

For more information, contact VanadiumCorp:

Adriaan Bakker, President, CEO By phone: 604-385-4489 By email: [email protected] Website: www.vanadiumcorp.com

On behalf of the board:

Adriaan Bakker, President and Chief Executive Officer

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.