VRB.V · 2019-02-07 12:00:00

Confirmation Drill Program to Commence at Lac Dore VTM Project

Exploration Programs

Confirmation Drill Program to Commence at

Lac Dore VTM Project

VANCOUVER

Feb. 7, 2019

/CNW/ - VanadiumCorp Resource Inc. (TSX-V: "VRB") (the

"Company") is pleased to announce plans to commence a drill program at the Company's 100%

owned Lac Dore vanadiferous titanomagnetite (VTM) Project near

Chibougamau, Quebec

The Lac Dore Project is adjacent to Blackrock Metals Inc.'s Southwest and Armitage vanadiferous

titanomagnetite deposits, on which a 2014 Feasibility Study has been conducted and which are

currently under development with the support of the

Quebec

government.

The Lac Dore Project contains several zones of disseminated to massive vanadiferous

titanomagnetite. Limited confirmation drilling carried out by the Company in 2013 intersected several

magnetite bearing units (the so-called P2 and P3 layers) over a strike length of approximately 1 km.

These intersections have been previously reported and returned in-situ magnetite grades of between

13.10% and 43.78% magnetite, in-situ vanadium grades of between 0.05% and 0.63 V

, and

magnetite vanadium contents of between 0.31% and 1.69% V

, as indicated in the table below:

Hole ID

From

True

thickness

Magnetite %

(in situ)

% (in

magnetite)

Unit

LD-13-01

92.89 m

136.24 m

43.35 m

35.71

0.54

1.50

LD-13-01

143.76 m

150.00 m

6.24 m

43.78

0.63

1.44

LD-13-02

78.58 m

150.00 m

71.42 m

36.49

0.30

0.83

LD-13-03

1.80 m

13.23 m

11.43 m

14.27

0.12

0.87

LD-13-03

47.00 m

69.05 m

22.05 m

13.10

0.13

1.02

LD-13-03

75.00 m

129.00 m

54.00 m

25.85

0.34

1.32

LD-13-03

132.00 m

150.00 m

18.00 m

15.95

0.27

1.69

LD-13-04

11.98 m

26.54 m

14.56 m

15.31

0.05

0.31

LD-13-04

47.00 m

69.57 m

22.57 m

29.89

0.32

1.07

LD-13-04

78.54 m

129.06 m

50.52

22.96

0.25

1.07

LD-13-04

134.62 m

150.00 m

15.38

32.49

0.47

1.46

(Intersections reported from Table 10.4 of Micon International Limited's NI 43-101 technical Report dated October 11, 2018).

The Company intends to implement a drill program aligned with recommendations from Micon

International Limited's NI 43-101 technical Report on the Company's Lac Dore VTM Project dated

October 11, 2018

. These recommendations included the drilling of 35 sections spaced 50 metres

apart with minimum NQ-sized core. Drill holes are to be inclined toward the northwest, perpendicular

to the dip of the magnetite-bearing layers. An estimated total of 16,000 metres of NQ drilling is

expected during this program, which will include the Lac Dore East & West deposits held by the

Company.

The objective of the drilling is to validate the extensive historical drilling and trenching that was

carried out on the property since 1958, and to confirm the extent and grade of vanadium, titanium

and iron mineralization on the Lac Dore mining claims. Mineralized intersections will be tested using a

combination of assays, Davis Tube tests and other magnetic tests to assess the head grades of

vanadium, titanium and iron as well as the magnetite proportions and the vanadium grades of the

magnetites. The Company aims to use the results of the drilling to estimate a Mineral Resource for

the deposit.

VanadiumCorp Resource Inc.

plans to develop it's 100% owned Lac Dore and Iron-T vanadium-

titanium-iron assets adjacent to the Blackrock Metals project. The Blackrock Metals project is

currently in the process of being permitted with the intention to build a mine and mill to produce a

vanadium-rich magnetite concentrate. Well-developed infrastructure at the nearby mining town of

Chibougamau

, including a 161kV Hydro Power at

~$.02

kWh, CN Rail Line, available water, local

airport, and a mining community of over 7,000 means that the Lac Dore Project is well-positioned to

take advantage of the strong vanadium market driven by supply shortages and growing demand

from the Chinese steel industry as well as the growing use of vanadium in energy storage. The

Company is also developing it's jointly owned "VanadiumCorp-Electrochem processing technology"

(VEPT), a novel chemical process invented by Dr.

Francois Cardarelli

that allows for the direct and

sustainable recovery of vanadium, iron, titanium, and silica from feedstocks such as vanadiferous

titano-magnetite, iron ores and other industrial by-products containing vanadium.

Dr.

Luke Longridge

, Pr.Sci.Nat., an independent qualified person as de

ned by National

Instrument 43-101, is responsible for the technical content contained in this document. Dr.

Longridge has reviewed and approved the technical disclosure in this news release.

On behalf of the board of VanadiumCorp:

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.

SOURCE

VanadiumCorp Resource Inc.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/February2019/07/c2940.html

%SEDAR: 00005245E

For further information:

John Hewlett, Director, Business Development, VanadiumCorp Resource

Inc. (TSX-V: "VRB"), By phone: 604-560-8251, By email: [email protected], Website:

www.vanadiumcorp.com

CO: VanadiumCorp Resource Inc.

CNW 16:00e 07-FEB-19

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