GlobeNewswire Inc | Mar 10, 2021 09:15AM EST

March 10, 2021

VANCOUVER, British Columbia, March 10, 2021 (GLOBE NEWSWIRE) -- VanadiumCorp Resource Inc. (TSX VENTURE:VRB) (OTCQB:VRBFF) (FRANKFURT:NWN) (the Company) is pleased to announce that effective March 3, 2021, the Companys common shares were approved and have commenced trading on the OTCQB Venture Market (OTCQB) in the USA, under the symbol VRBFF.

The OTCQB market in the USA provides a regulated platform that will enhance the visibility and trading capability of our Companys common shares for both institutional and retail investors, said Adriaan Bakker, President and CEO of VanadiumCorp Resource Inc. We are confident that trading on the OTCQB in the USA will provide VanadiumCorp Resource Inc. and its shareholders with added visibility and market access to the worlds largest economy, promoting greater awareness of the Companys disruptive vanadium technologies and strategic supply.

The OTCQB is a venture market operated by the OTC Markets Group, Inc. and is designed for developing companies in the USA and abroad. To be eligible for quotation on the OTCQB, companies must be current in their reporting and undergo an annual verification and management certification process. Companies must also meet a minimum bid price test and other financial conditions. The OTCQB is recognized by the Securities and Exchange Commission as an established public market and provides current public information to investors that need to analyze, value, and trade securities.

Investors can find Real-Time Level 2 quotes and market information on VanadiumCorp at:

https://www.otcmarkets.com/stock/VRBFF/overview

About OTC Market Group Inc

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX Best Market, the OTCQB Venture Market, and the Pink Open Market for 11,000 U.S. and global securities. Through OTC Link ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors. To learn more about how OTC Markets creates better informed and more efficient markets, visit www.otcmarkets.com.

About VanadiumCorp Resource Inc.

VanadiumCorp 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 regenerate vanadium battery electrolytes sustainably, and construct next-generation vanadium redox flow-battery VRFB systems. VRFBs are 100% green technology from mine or waste to battery when hydrometallurgical processes produce the vanadium source commodity. (See VanadiumCorps 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 contact:

Adriaan Bakker, President and CEO, VanadiumCorp Resource Inc. (TSX-V: VRB)By phone: 604-385-4489By email: ab@vanadiumcorp.comWebsite: www.vanadiumcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary & Forward-Looking StatementsThis release contains forward-looking statements. All statements other than statements of present or historical fact are forward-looking statements, including statements with respect to the anticipated use of Private Placement proceeds and anticipated receipt of final TSX Venture Exchange acceptance for the Private Placement. Forward-looking statements include words or expressions such as will, subject to, expect and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include general business, economic, competitive, political and social uncertainties; the state of capital markets and risks that may impact the Companys business, operations and financial condition. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Additional information on these and other factors that could affect the Companys operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). We disclaim any obligation to update or revise these forward-looking statements, except as required by applicable law.