New Technology for Recovering Iron and Vanadium from Vanadiferous Titanomagnetite

New Technology for Recovering Iron and Vanadium

from Vanadiferous Titanomagnetite

VANADIUMCORP RESOURCE INC. February 28, 2017, VanadiumCorp Resource Inc. (TSX -V:

“VRB”) is pleased to announce that it has applied j ointly with Electrochem Technologies &

Materials Inc. “Electrochem” for a US provisional patent application (US 62/463,411 ) for a

combined metallurgical and chemical process. Succes sful test work commenced by Dr.

Francois Cardarelli at Electrochem’s facilities in Boucherville, Quebec yielded high recoveries

of both iron and vanadium values from a vanadiferou s titanomagnetite concentrate that was

extracted, prepared and beneficiated by IOS Service s Geoscientifiques Inc., directly from the

Company’s 100% owned Lac Dore Vanadium Project in Chibougamau, Quebec.

Conventional pyrometallurgical processes utilize either direct soda ash roasting of the

magnetite followed by water leaching, or the arc sm elting and slagging of the magnetite

followed by soda ash roasting of the vanadium-rich slag. Smelting or roasting is capital

intensive with high operating costs, technical risk s and significant emissions of greenhouse

gases that pose serious environmental issues. Hydro metallurgical processes for the extraction

of vanadium have been proposed in the last decade as a lower cost alternative in replacement

of the conventional processes but they fail to produce a high quality iron co-product.

The Vanadiumcorp-Electrochem Technology addresses these key issues and allows the full

recovery of vanadium for the production of either a vanadium electrolyte (VE) or vanadium

chemicals used for preparing vanadium battery elect rolyte as well as the concurrent

production of a high quality and competitive iron co-product.

Adriaan Bakker, CEO of Vanadiumcorp states, “Direct co-recovery of high quality and

competitive iron product adds significant value to our resources and production potential.

Our entire “Mine to technology” transformation plan is now environmentally friendly in

addition to our battery electrolyte lasting forever in 100% green energy storage technology.

Vanadiumcorp is committed to the development of a l ow cost vanadium electrolyte

alternative to facilitate mass deployment of vanadium redox flow batteries.”

Highlights

/checkbld Joint US provisional patent application filed to protect a novel technology developed join tly

by VanadiumCorp Resource Inc. and Electrochem Technologies & Materials Inc.

/checkbld Clean alternative to roasting and smelting , with negligible greenhouse gases emissions and

minimizing the amount of wastes

TSX-V: “VRB”

/checkbld Maximum recovery and transformation: Combination of metallurgical and chemical

processes suitable for recovering iron and vanadium for preparing a vanadium electrolyte (VE)

directly from vanadiferous titanomagnetites.

/checkbld Successful trials conducted with a vanadiferous titanomagnetite conc entrate from the

Vanadiumcorp Lac Dore Vanadium Project.

/checkbld Demonstration of potential industrial applicability of Vanadiumcorp-Electrochem

Technology from successful test work initiated in 2 016 and that continues during 2017 with

other vanadium sources.

/checkbld Direct, high efficiency VE and Iron process technology

/checkbld Advantage of coproduct recovery over conventional iron and vanadium production methods

/checkbld Scalable production with modular design

/checkbld Low cost production target for 100% reusable battery material

/checkbld Location agnostic: Creates opportunity for process technology centers next to primary

vanadium resources and secondary vanadium feedstock s such as spent catalysts , slags and fly

ash

/checkbld 100% green vertically integrated supply stream “mine to technology”

Complete vertically integrated climate change solution

/checkbld Primary Supply: Exclusive NI 43-101 low impurity vanadium resource in magnetite (66% Iron

& 1.08% V2O5 in concentrate)

/checkbld Secondary Supply: VE Recovery potential from vanadium feedstocks suc h as oil sands fly ash

waste

/checkbld Exclusive Process technology - Vanadiumcorp-Electrochem Technology

/checkbld Cost reduction potential for vanadium batteries Vanadiumcorp Electrolyte

/checkbld End users: Partnerships secured with leading US, Canadian and Global Vanadium Battery

Companies for commercial deployment

Production testing of vanadium electrolyte and iron co-product will continue into Q2 2017. The VE

produced will be tested in vanadium battery deployment projects VanadiumCorp is considering as well

as collaborative R&D projects.

Request samples and preorders are available on the Company’s website at www.vanadiumcorp.com

FOR MORE INFORMATION, CONTACT :

Adriaan Bakker, President and Chief Executive Officer - Direct: 604-385-4485

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

accepts responsibility for the adequacy or accuracy of this release.