Scandium International Mining Reports Results from Drilling Program at Nyngan Scandium Project

{00029180:1}

NEWS RELEASE

TSX: SCY

August 8, 2023

NR 23-03

www.scandiummining.com

SCANDIUM INTERNATIONAL MINING

REPORTS RESULTS FROM DRILLING

PROGRAM AT NYNGAN SCANDIUM PROJECT

Reno, Nevada, August 8, 2023 – Scandium International Mining Corp. (TSX:SCY) (“Scandium

International” or the “Company”) is pleased to announce the results of its recently completed

air core drilling campaign at its Nyngan Scandium Project in New South Wales (NSW), Australia.

The program consisted of 11 drillholes designed to delineate the western and northwestern edges

of the already established mineral resource at the project.

Peter Evensen, CEO of Scandium International commented, “ The 2023 drilling program is now

complete. At the Honeybugle Exploration license, w e found a ne ar surface scandium enriched

laterite formation at the Woodlong prospect which was the subject of a previous news release; at

Nyngan the drilling results have better defined the western boundary of the existing resource and

reserve that are the foundation of the 2016 Feasibility Study and are therefore adding to our

knowledge of how to optimize development of the project when it goes into production . I would

remind investors that the Nyngan Scandium Project has a mineral reserve of 1.43 million tonnes

at 409 ppm scandium entirely in the limonite mineral lithology as part of a broader mineral

resource of 16.9 million tonnes at 235 ppm scandium that also includes additional limonite along

with saprolite mineralization.”

Peter continued, “ The Company’s core focus remains unchanged from the strategic decision

taken in the 2nd quarter of 2022 to pivot back to the portfolio of scandium assets – to maximize

the value of this portfolio and be prepared for when the scandium market has developed

sufficiently to require this material. We continue to engage with partners and customers to secure

arrangements that will allow the Nyngan Project to move into production.”

{00029180:1}

Nyngan Scandium Project – Scandium grades of Limonite Lithology

Nyngan Scandium Project – Limonite Lithology Thickness

{00029180:1}

Nyngan Scandium Project – Overburden Thickness to Limonite Lithology

Qualified Person Statement

Mr. John Thompson, BE, FAusIMM and Vice President – Project Development, and a “Qualified

Person” as defined in NI 43-101, has verified the data, by checking assay data against assay

lab certificates, and has approved the technical information in this news release.

For inquiries to Scandium International Mining Corp, please contact:

Peter Evensen (CEO)

Tel: (775) 335-9500

Harry de Jonge (Comptroller)

Tel: (702) 703-0178

Email: [email protected]

This press release contains forward-looking statements about the Company and its business. Forward

looking statements are statements that are not historical facts and include but are not limited to

statements regarding the Offering, the use of proceeds, and closing of the final tranche of the Offering.

The forward-looking statements in this press release are subject to various risks, uncertainties and

other factors that could cause the Company's actual results or achievements to differ materially from

those expressed in or implied by forward looking statements. Forward-looking statements are based

on the beliefs, opinions and expectations of the Company's management at the time they are made,

and other than as required by applicable securities laws, the Company does not assume any obligation

to update its forward -looking statements if those beliefs, opinions or expectations, or other

circumstances, should change.