VanadiumCorp to Commence a Maiden Mineral Resource Estimate for the Lac Doré Vanadium Project, Québec

VanadiumCorp to Commence a Maiden

Mineral Resource Estimate for the Lac Doré

Vanadium Project, Québec

VANCOUVER, BC

,

June 17, 2020

/CNW/ - VanadiumCorp Resource Inc. (TSXV: VRB) (the

Company") is pleased to announce it has engaged

Vancouver

- based mining consulting firm CSA

Global to carry out a Mineral Resource Estimate on the Company's Lac Doré Vanadium property.

Work on the Mineral Resource Estimate is expected to commence as soon as the complete assay

results from the two remaining drill holes from the summer-fall 2019 infill and extension drilling

program (total: 37 holes) are received. The maiden mineral resource estimate for the Lac Doré

Vanadium property will be prepared in accordance with National Instrument 43-101 Standards of

Disclosure for Mineral Projects ("NI 43-101").

CSA Global (an ERM Group Company) is an international mining consulting company that provides

technical and expert services, training, and independent corporate advice to public and private mining

companies, financial and legal groups. CSA has provided services to clients across all mineral

commodities and regions globally for over 35 years. The work on the Mineral Resource Estimate will

be led by Dr.

Luke Longridge

, a senior structural and economic geologist with CSA Global. Dr.

Longridge has extensive experience exploring for and developing vanadiferous titanomagnetite

deposits, having formerly worked as Exploration Manager for Bushveld Minerals before moving to

Canada

. Dr. Longridge is a registered Professional Geoscientist (P.Geo) in

British Columbia

and

Québec.

Mr.

Adriaan Bakker

, President and CEO of Vanadiumcorp states, "We are pleased to have engaged

CSA Global to prepare the maiden mineral resource estimate (MRE) for our Lac Doré Vanadium

property. The MRE is an important piece of work that will be required by the Company to advance

the project onto the preliminary economic assessment, the next stage of the resource appraisal

process. We look forward to CSA Global completing the maiden MRE for Lac Doré by year-end

2020."

About VanadiumCorp Resource Inc.

VanadiumCorp is an integrated technology and mining company focused on developing an exclusive

clean energy storage supply chain with XRG® vanadium redox flow battery technology, jointly

owned process technology and it's wholly-owned and strategic vanadium resource base in mining-

friendly

Quebec, Canada

. The Company's key mining assets contain vanadium, titanium, and iron in

VTM and include the Lac Doré Project adjacent to Blackrock Metals Inc. and the Iron-T Project near

the Glencore (Bracemac-McLeod) Matagami Copper-Zinc Mine.

On behalf of the board of VanadiumCorp:

Adriaan Bakker

President and Chief Executive Officer

SOURCE

VanadiumCorp Resource Inc.

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http://www.newswire.ca/en/releases/archive/June2020/17/c9007.html

%SEDAR: 00005245E

For further information:

Adriaan Bakker, President and CEO, VanadiumCorp Resource Inc. (TSX-

V: "VRB"), By phone: 604-385-4489, By email: [email protected], Website:

www.vanadiumcorp.com

CO: VanadiumCorp Resource Inc.

CNW 09:00e 17-JUN-20