CleanTech Announces Shares for Salary with Senior Management to Align with Shareholder Interest

CleanTech Announces Shares for Salary with Senior

Management to Align with Shareholder Interest

VANCOUVER, British Columbia, November 25, 2024 – CleanTech Vanadium Mining Corp.

(TSX-V: CTV; OTCQB: CTVFF) (“ CleanTech ” or the “ Company ”) is pleased to announce that it

has entered into a Shares for Services Agreement wi th its senior management team effective

November 1, 2024 (the “ Shares for Services Agreement ”). Pursuant to the terms of the Shares

for Services Agreement, the senior management team has agreed to convert 15% of their salary

into common shares in the capital of the Company (“Common Shares ”) on a monthly basis.

John Lee, the Company’s CEO and Chairman agreed to accrue CAD1,500 of his monthly salary,

Ron Espell, the Company’s President agreed to accru e USD3,437 of his monthly salary and Rob

Van Drunen, the Company’s Chief Operating Officer a greed to accrue CAD3,125 of his monthly

salary.

Each of the above accruals shall convert into Commo n Shares on a monthly basis at a deemed

price equal to the Maximum Discounted Market Price (as such term is defined in Policy 1.1 of the

TSX Venture Exchange), up to a maximum discount of 25% (the “ Conversion ”). The Company

shall have the option to pay any accrued amounts in cash at its sole discretion.

The Shares for Services Agreement is subject to TSX Venture Exchange approval. Securities

issued pursuant to the Shares for Services Agreement will be subject to regulatory four month hold

periods.

About CleanTech Vanadium Mining Corp.

CleanTech is an exploration-stage mining company fo cused on vanadium and critical mineral

resources. The Company owns a 100% interest in the Gibellini vanadium project in Nevada, United

States.

Further information on CleanTech can be found at www.cleantechvanadium.com

CLEANTECH VANADIUM MINING CORP.

ON BEHALF OF THE BOARD

John Lee

Chief Executive Officer

For more information about CleanTech, please contact:

Suite 1610 – 409 Granville Street

Vancouver, BC V6C 1T2

Phone: 1.877.664.2535

Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.