Paul McGuigan Appointed to Board of Directors & as Vice President of Business Development

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VANCOUVER, BRITISH COLUMBIA, January 21, 2021 – VanadiumCorp Resource Inc. (TSX VENTURE:”VRB”) (OTCBB:”APAFF”) (FRANKFURT:”NWN”) (the “Company”) is pleased to announce Mr. Paul McGuigan, P. Geo., has joined the board of directors of VanadiumCorp effective immediately. The board appointment and new role of Vice President of Business Development comes at an unprecedented time of growth within the commercial development plans for VanadiumCorp’s green technologies to recover vanadium supply sustainably from many global sources.

Mr. McGuigan is a Professional Geoscientist registered with the Association of Engineers and Geoscientists of the Province of BC, with 45 years of international experience in mineral exploration, deposit evaluation, mine operations, and corporate governance. As a geochemical researcher, he developed mineral separation techniques commonly employed in exploration and heavy mineral sands mapping. First employed by Resource Associates of Alaska, Pechiney Ugine Kuhlmann, and Esso Minerals Canada, he operated in Canada and the USA. For the last 34 years, Mr. McGuigan has managed the Cambria group of consulting companies in North and South America, Europe, Africa, the Middle East, and the Southwest Pacific.

In civic service, he has served as a member of the Consulting Practice and the Geoscience Committees of the Engineers and Geoscientists of BC, as a director of the BC Neurological Centre, and, lately, as past-president / director of the BC Centre for Ability Foundation.

Mr. McGuigan states: “I am pleased to join the team of VanadiumCorp during this exceptional period of technical discovery. The company’s environmentally responsible, patented, hydrometallurgical processes for upgrading vanadiferous titanomagnetite and ilmenite concentrates promise to produce high-quality vanadium and titanium feedstocks. A reliable vanadium supply will anchor the production of electrolytes for the company’s proprietary designs of Vanadium Redox Flow Batteries. I look forward to contributing to the commercial development of the processes.”

“Paul’s addition to our team is invaluable and very well timed as we commercialize our 100% owned, and green vanadium recovery process in Canada and select global jurisdictions. The market demand is growing rapidly for vanadium in energy storage and high-purity applications. Paul’s resource development and technical expertise is critical to our vertically integrated strategy to commercially develop our clean technologies to align with the growing global demand for vanadium and environmentally friendly technologies in mining and energy,” comments Chief Executive Officer of VanadiumCorp, Adriaan Bakker

About VanadiumCorp

VanadiumCorp Resource Inc. is an integrated green technology company with strategic vanadium mineral deposit assets. VanadiumCorp is focused on commercializing disruptive technologies to process mineral concentrates, produce and recycle vanadium electrolytes sustainably, and construct next-generation vanadium redox flow-battery “VRFB” systems. VRFBs are 100% green technology from mine to battery when hydrometallurgical processes produce the vanadium source commodity. (See VanadiumCorp’s 100% owned & patented “VEPT” green process technology).

Proven VRFB technologies improve renewable energy efficiencies by storing temporary energy surpluses and feeding them back into the electrical grid as required. VanadiumCorp also wholly owns one of the largest and metallurgically favourable vanadium mineral deposits in the world, located in mining-friendly Quebec, Canada.

On behalf of the board of VanadiumCorp:
Adriaan Bakker
President and Chief Executive Officer

For more information:
Adriaan Bakker,
President and CEO, VanadiumCorp Resource Inc. (TSX-V: “VRB”)
By phone: 604-385-4489
By email: info@vanadiumcorp.com
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) accepts 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, quantity of resources or reserves, 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 described. 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 accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ 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 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. 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.