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VRB.V ·

Vanadiumcorp to Resume Trading ON the TSX Venture Exchange

Listings & Exchange

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

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

VANADIUMCORP TO RESUME TRADING

ON THE TSX VENTURE EXCHANGE

Vancouver, British Columbia- December 30, 2021 - VanadiumCorp Resource Inc. (TSX.V: VRB) (OTC: VRBFF) (FSE: NWN)

(the "Company" or "VanadiumCorp") is pleased to announce that it has received approval from the TSX to resume trading

on the TSX Venture Exchange. Effective at the market opening today, December 30, 2021, trading will be reinstated in the

securities of the Company, trading under the symbol "VRB."

Mr. Adriaan Bakker, the Company 's President & CEO , commented, "We would like to t hank our shareholders for their

support while the Company worked to comply with its reporting requirements. VanadiumCorp is now well-positioned to

embark on a new phase of growth through exploration and development of its battery metals properties in the Nord du

Quebec region."

About VanadiumCorp

VanadiumCorp focuses on exploring and developing critical and strategic minerals in partnership with local and indigenous

communities of Eeyou Istchee James Bay . The Quebec government offers a wide range of fiscal stimulus and program

funding to support technology, industrial development, mining, and job creation in the Nord du Quebec region. Continued

exploration of VanadiumCorp's substantial NI43-101 compliant vanadium-titanium-iron mineral resources and

commercialization of its patented hydrometallurgical technologies are ideally suited to contribute to the region's emerging

social, environmental, and strategic initiatives.

On behalf of the board of VanadiumCorp:

Adriaan Bakker

President and Chief Executive Officer

For more information:

Paul McGuigan, P. Geo.

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 Venture Exchange) accept

responsibility for the adequacy or accuracy of this release.

Cautionary Note - The information in this news release 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 enco untered and mining results

if the project were developed and mined in the manner described. Mineral resour ces 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 accurate, and actual results and future event s could differ materially from those

anticipated in such statements. Important factors that could cause actual results to differ materially from the Company'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 the interpretation of drilling results and geological tests and

the estimation of reserves and resources; the need for cooperation of government agencies and local groups in the exploration, and development of properties; and the need to obtain permits

and governmental approval. The Company's forward-looking statements reflect the beliefs, opinions and projections of management on the date the statem ents are made. The Company

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