VanadiumCorp Warrant Extensions

VanadiumCorp Warrant Extensions

VANCOUVER, January 21, 2019 /CNW/ - VanadiumCorp Re source Inc. (TSX-V: "VRB") (the

"Company") wishes to announce that it has applied t o the TSX Venture Exchange (the

“Exchange”) for acceptance to amend the terms of an aggregate of 13,418,699 common

share purchase warrants (the “Warrants”) issued pur suant to a non-brokered private

placement (the “Private Placement”) which closed on April 8,2017. The Warrants originally

issued are exercisable into common shares in the capital of the Company at an exercise price

of $0.10 per common share, with the Warrants expiri ng on April 8, 2019. These Warrants

will be amended by extending the expiry date of the Warrants to April 8, 2020. In addition,

each Warrant will have an accelerated expiry clause such that upon the Company’s shares

trading at or above $0.09 for 10 consecutive tradin g days, Vanadiumcorp will give notice

within 7 calendar days that the Warrants will expir e 30 days from the date of providing such

notice. No Warrants issued under the Private Place ment have been exercised to date. The

amendment to the terms of the Warrants is subject to Exchange approval.

The Company has granted 9,500,000 incentive stock o ptions to directors and officers of the

Company and 2,400,000 to employees and consultants of the Company at a price of $0.07

per share exercisable for a period of five years.

About VanadiumCorp

VanadiumCorp Resource Inc. is an innovative process technology and mining company

dedicated to commercializing new methods to sustainably recover critical metals. The energy

of tomorrow will be radically different than the past. Innovation will prove essential to meeting

the world's growing energy needs sustainably. Vanadium electrolyte is the key to sustainable

energy storage and the wide-spread deployment of re newable energy. VanadiumCorp-

Electrochem Process Technology is an environmentally sustainable, high-yield, high-efficiency

process for recovering vanadium, titanium and iron values from most vanadium-bearing

sources, including waste. VanadiumCorp also holds a significant vanadium- titanium-iron

bearing resource base in mining friendly Quebec, Canada.

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.

For further information: Contact VanadiumCorp: Adriaan Bakker, President and

Chief Executive Officer, By phone: 604-385-4489, By email: [email protected]

TSX-V: “VRB”