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VanadiumCorp Forms Subsidiary and Acquires Facility for VRFB Production in Germany

TSX-V: “VRB”

VanadiumCorp GMBH

VANCOUVER, November 5th, 2019 – VanadiumCorp Resource Inc. (TSX Venture Exchange: “VRB”) (“Frankfurt Stock Exchange: “NWN”) (“VanadiumCorp”) (the “Company”) is pleased to announce it has formed a wholly owned subsidiary of VanadiumCorp Resource Inc. focused on next generation flow battery development in Germany named VanadiumCorp GmbH.

VanadiumCorp GmbH introduces XRG® as next generation energy storage technology powered by its own supply chain. Components are both manufactured sustainably and are 100% reusable & recyclable. With the lowest cost and carbon footprint, XRG intends to revolutionize energy projects, renewable energy and entire power grids. The facility for planned production is now acquired in Rastatt close to Karlsruhe, Germany and construction will commence this month. Partnerships locally will provide further product evolution. XRG® is a VanadiumCorp GmbH technology. More information is available at www.xrg.com.

VanadiumCorp is developing dedicated vanadium supply and disruptive technologies for energy storage with a 100% green mandate.  More information on active projects and new vanadium energy technologies can be found on The Company’s website at www.vanadiumcorp.com.

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: 1-604-385-4489
By email: ab@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.