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VRB.V ·

Vanadiumcorp Announces Full Revocation of Cease Trade Order

Listings & Exchange Regulatory & Compliance

Suite 208-2383 King George Boulevard, Surrey, BC, V4A 5A4

Direct: 604.385.4489 | Facsimile: 604.604.4486 | Website: www.vanadiumcorp.com

VANADIUMCORP ANNOUNCES FULL REVOCATION

OF CEASE TRADE ORDER

Vancouver, British Columbia- Decembe r 23 , 2021 - VanadiumCo rp Resource Inc . (TSXV: “VRB”) (OTC:

“VRBFF”) (FSE: “ NWN”) (the "Company" o r "VanadiumCorp" ) i s pleased to announce that the British

Columbia Securities Commission (BCSC), as Principal Regulator, has granted the Company a Full Revocation

Order of a failure to file cease trade order (FFCTO) issued March 8, 2021.

On behalf of the board of VanadiumCorp:

Adriaan Bakker

President and Chief Executive Officer

For more information:

Paul McGuigan,

Director and Vice President of Business Development

VanadiumCorp Resource Inc. (TSX-V: “VRB”)

By phone: 604-385-4489

By email: [email protected]

Website: www.vanadiumcorp.com

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

responsibility for the adequacy or accuracy of this release.

Cautionary Note - The information in this news r elease includes certain "forward -looking statements" All statements, other than statements of historical fact, included herein including,

without limitation, plans for and intentions with respect to the company's properties, statements regarding intentions with respect to obligations due for various projects, strategic

alternatives, the quantity of resources or reserves, the timing of permitting, construction and production and other milestones, are forward -looking statements. Statements concerning

Mineral Reserves and Mineral Resources are also forward -looking statements in that they reflect an assessment, based on certain assumptions, of the mineralization that would be

encountered and mining results if the project were developed and mined in the manner de scribed. Mineral resources that are not mineral reserves do not have demonstrated economic

viability. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be a ccurate, and actual r esults and future events

could differ materially from those anticipated in such statements. Important factors that could cause actual results to diffe r materially from VRB's expectations include the uncertainties

involving the need for additional financing to explore and develop properties and availability of financing in the debt and capital markets; uncertainties involved in th e interpretation of

drilling results and geological tests and the estimation of reserves and resources; the need for cooperation o f government agencies and local groups in the exploration, and development of

properties; and the need to obtain permits and governmental approval. VRB's forward -looking statements reflect the beliefs, opinions and projections of management on the date the

statements are made. VRB assumes no obligation to update the forward-looking statements if management's beliefs, opinions, projections, or other factors should they change.