Scandium International Mining Announces TSX-V Listing and Voluntary Delisting from TSX

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1384-1264-0785, v. 1

NEWS RELEASE

TSX: SCY

January 17, 2025

NR 25-01

www.scandiummining.com

SCANDIUM INTERNATIONAL MINING ANNOUNCES TSX-V LISTING

AND VOLUNTARY DELISTING FROM TSX

Reno, Nevada, January 17, 2024 – Scandium International Mining Corp. (TSX:SCY

and OTCBB: SCYYF) (“Scandium International” or the “Company”), a company

focused on the development of its Nyngan Scandium project in New South Wales,

Australia, today announces that it has received conditional approval to list its common

shares on the TSX Venture Exchange (the "TSXV"). In connection with the TSXV listing,

the Company will voluntarily delist its common shares from the Toronto Stock Exchange

(the "TSX").

The Company's management and Board of Directors have determined that this

transition is in the best interests of Scandium International. In arriving at this

determination, the Company considered, among other things, the costs associated with

a TSX listing versus a TSXV listing, its ability to continue to meet the continued listing

requirements of the TSX in the future, its current market capitalization, the rules related

to private placements and other forms of financing available to TSXV-listed issuers and

the general suitability of a TSX listing versus a TSXV listing for an issuer with the

Company's current profile and focus on the development of a mineral property.

"This shift to the TSXV allows Scandium International to focus on development of our

Nyngan Scandium project and further exploration potential of our Honeybugle license.”

said CEO Peter Evensen.

The Company expects to delist its common shares from the TSX on or about January

31, 2025, and list its common shares on the TSXV on or about February 4, 2025. The

Company will remain a "reporting issuer" under applicable Canadian securities laws

through the listing transition process. The Company will retain the trading symbol "SCY"

once listed on the TSXV, and its shares will continue to be quoted on the OTCQB under

the symbol "SCYYF". Shareholder approval is not required under the policies of the

TSX to proceed with the transition as the TSXV is an acceptable alternative market. No

action is required by shareholders in connection with the transition of the Company's

listing to the TSXV.

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For inquiries to Scandium International Mining Corp, please contact:

Peter Evensen (CEO)

Tel: (775) 355-9500

Harry de Jonge (Comptroller)

Tel: (702) 703-0178

Email: [email protected]

Cautionary Note Regarding Forward-Looking Information

This news release includes certain information that may be deemed "forward-looking

information". Forward-looking information can generally be identified by the use of

forward-looking terminology such as "may", "will", "expect", "intend", "believe",

"continue", "plans" or similar terminology, or negative connotations thereof. All

information in this release, other than information of historical facts, including, without

limitation, statements with respect to listing of the Company's common shares on the

TSXV and delisting of the Company's common shares from the TSX, general future

plans and objectives for the Company and the Nyngan Scandium Project, are forward-

looking information that involve various risks and uncertainties. Although the Company

believes that the expectations expressed in such forward-looking information are based

on reasonable assumptions, such expectations are not guarantees of future

performance and actual results or developments may differ materially from those in the

forward-looking information.

For more information on the Company and the key assumptions, risks and challenges

with respect to the forward-looking information discussed herein, and about our

business in general, investors should review the Company's most recently filed annual

information form, and other continuous disclosure filings which are available at

www.scandiummining.com Readers are cautioned not to place undue reliance on

forward-looking information. The Company does not undertake to update any forward-

looking information, except in accordance with applicable securities laws.