VanadiumCorp Rolls Back Shares on a 10:1 Basis

VanadiumCorp Rolls Back Shares on a 10:1 Basis

VANCOUVER, April 13, 2022 - VanadiumCorp Resource Inc. (TSX-V: "VRB") (the "Company")

announces that effective Monday April 18, 2022 the common shares of Vanadiumcorp

Resource Inc. will commence trading on TSX Venture Exchange on a consolidated basis of 1

(one) post-consolidation share for every 10 (ten) pre-consolidation shares (the

“Consolidation”).

The Board of Directors believes that the Consolidation is necessary to better position the

Company for future corporate development opportunities and financing transactions. There

will be no name change in conjunction with the Consolidation.

The Company currently has 319,251,120 common shares issued and outstanding; following

the Consolidation the Company will have approximately 31,925,112 common shares issued

and outstanding, and will continue to trade under the existing stock symbol “VRB.V”.

The exercise or conversion price and the number of common shares issuable under any of the

Company’s outstanding warrants and stock options will be proportionately adjusted to reflect

the Consolidation in accordance with their respective terms. No fractional common shares

will be issued pursuant to the Consolidation, and any fractional common shares that would

otherwise be issued will be rounded down or up to the nearest whole number.

ON BEHALF OF THE BOARD OF VANADIUMCORP.

Paul McGuigan, P. Geo

Director, Interim Chief Executive Officer

Website: www.vanadiumcorp.com

About VanadiumCorp

VanadiumCorp Resource Inc. is a mineral exploration company located in Vancouver, Canada,

with 100% ownership in the lac Dore Vanadium, Iron and Titanium Project, located 27 km

east-southeast from the city of Chibougamau in Quebec, as well as the Iron T, VTM deposit

in Matagami. VanadiumCorp. Also owns 100% of a novel hydrometallurgical process, VEPT

(VanadiumCorp, Electrochem, Process technology) invented by Dr. Francois Cardarelli, that

consists of digesting vanadiferous feedstocks into concentrated sulfuric acid. The technology

addresses the recovery of vanadium pentoxide, vanadyl sulphate, ferrous sulphate, titanium

hydrolysate, and silica from feedstocks such as vanadiferous totano-magnetite, iron ores, and

concentrates such as magnetite and hematite, vanadium industrial wastes such as BOF-slags,

and other industrial by-products also containing vanadium.

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.

TSX-V: “VRB”