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VanadiumCorp Reports New High-Grade V2O5 Drill Core Intercepts1 at Lac Dor�, Qu�bec - 37.1 M Grading 0.73% V2O5 and 55.72% FE2O3; Additional Davis Tube Testing Results Include 8.3 M Grading 22.9% Magnetics with 1.5% V2O5

CNW Group - Thu May 21, 1:28PM CDT

VanadiumCorp Resource Inc. (TSX-V: "VRB") ("VanadiumCorp" or the "Company"), is pleased to release the latest assay results for an additional ten (10) drill holes from the Company's summer-fall 2019 infill and extension drilling program at its Lac Dor� Vanadium property, as well as new Davis Tube magnetic separation testwork results for 33 additional composite core samples from eight drill holes. Assay results are reported for holes LD-19-003, LD-19-004, LD-19-005, LD-19-008, LD-19-013, LD-19-015, LD-19-018, LD-19-021, LD-19-032 and LD-19-035, bringing the total number of holes with complete assay results received to 24 out of 37 holes drilled in 2019. The Lac Dor� Vanadium property is located 27 km east-southeast from the city of Chibougamau, in Eeyou Istchee James Bay Territory, Northern Qu�bec. The Chibougamau area is host to several vanadiferous titanomagnetite (VTM) deposits, including the Southwest and Armitage deposits on the adjacent Blackrock property (BlackRock Metals Inc.) and the South and North Zone deposits on the Mont Sorcier property to the North (Vanadium One Iron Corp).

The 2019 drill program targeted the Company's Lac Dor� Vanadium Main prospect where historical drilling and surface channel sampling conducted between 1958 and 2013 have revealed the presence within property limits of massive, semi-massive and disseminated bands of VTM mineralization along a 2-km long by 200-m wide and minimum 200 m deep corridor.

The Lac Dor� Vanadium property lies on the southern flank of the Lac Dor� anorthosite complex of Chibougamau and straddles the layered magmatic zone, which hosts the VTM mineralization. This layered magmatic zone has been traced by historical geophysics, drilling and mapping over a linear distance of 20 km.

Highlights:

--  Complete assay results received for an additional ten drill
        holes (Figure 1).
    --  All ten holes intersected significant VTM mineralization.
    --  Best intercepts include:
  o Hole LD-19-003 intersected 18.4 m* grading 0.69% V(2)O(5),
    including 3.50 m* grading 0.91% V(2)O(5 )(Table 2; Figure 2);
  o Hole LD-19-004 intersected 6.3 m* grading 0.97% V(2)O(5) (Table 2;
    Figure 2);
  o Hole LD-19-005 intersected 27.6 m* grading 0.69% V(2)O(5 )(Table 2;
    Figure 3);
  o Hole LD-19-008 intersected 37.1 m* grading 0.69% V(2)O(5),
    including 4.8 m* grading 0.81% V(2)O(5 )(Table 2; Figure 4)
  o Hole LD-19-013 intersected 32.7 m* grading 0.73% V(2)O(5 )(Table 2;
    Figure 5);
  o Hole LD-19-015 intersected 41.7 m* grading 0.68% V(2)O(5 )(Table 2;
    Figure 6);
  o Hole LD-19-018 intersected 40.7 m* grading 0.62% V(2)O(5),
    including 6.0 m* grading 0.72% V(2)O(5) (Table 2; Figure 7);
  o Hole LD-19-021 intersected 36.4 m* grading 0.62% V(2)O(5),
    including 10.2 m* grading 0.73% V(2)O(5) (Table 2; Figure 8);
  o Hole LD-19-032 intersected 29.1 m* grading 0.62% V(2)O(5 )(Table 2;
    Figure 9);
  o Hole LD-19-035 intersected 36.6 m* grading 0.65% V(2)O(5 )(Table 2;
    Figure 10);
    --  Mineralization occurs as layers of massive, semi-massive and
        disseminated magnetite.
    --  Davis Tube magnetic separation testwork on composite samples of
        VTM mineralized core from drill holes LD-19-003, LD-19-004,
        LD-19-016, LD-19-017, LD-19-025, LD-19-029, LD-19-33, and
        LD-19-034 (Table 1) show magnetite contents ranging from ~6% to
        65%, and included the following results:
  o 7.3 m* containing 28.6% magnetics with 1.48% V(2)O(5) (LD-19-016)
  o 7.0 m* containing 21.0% magnetics with 1.62% V(2)O(5); (LD-19-017)
  o 8.2 m* containing 33.6% magnetics with 1.31% V(2)O(5) (LD-19-033)
  o 8.3 m* containing 22.9% magnetics with 1.5% V(2)O(5) (LD-19-034)
  o 6.9 m* containing 26.39% magnetics with 1.42% V(2)O(5) (LD-19-003)
  o 1.0 m* containing 60.93% magnetics with 1.42% V(2)O(5) (LD-19-004)
  o 13.4 m* containing 41.67% magnetics with 1.42% V(2)O(5) (LD-19-025)
  o o.4 m* containing 42.08% magnetics with 1.54% V(2)O(5) (LD-19-029)
    --  Davis Tube magnetic separation testwork results are consistent
        with previous results, showing that lower (P1 or P0)
        stratigraphic units have elevated V(2)O(5) in the magnetite
        concentrate (typically >1.5%V(2)O(5)) whereas the upper unit
        (P3) has lower V(2)O(5) in the concentrate (typically <1.0%V
        (2)O(5)).

        (1 )High-grade V(2)O(5) intercepts in drill core are defined by
        the Company as a minimum of 0.6 % V(2)O(5) over a minimum true
        thickness of 0.5 m.

        *True thickness is estimated by assuming a dip of the layering
        of 70° to the SE, and the plunge of the drill hole towards the
        NW (-45° for LD-19-003, LD-19-004, LD-19-016, LD-19-017,
        LD-19-33, and LD-19-034, -60° for LD-19-025 and LD-19-029).

Adriaan Bakker, President and CEO of VanadiumCorp, states: "These latest drill core assay and of Davis Tube test results from our Lac Dor� Vanadium Main prospect continue to show consistent zones where VTM mineralization grades a minimum of 0.6% V(2)O(5) and magnetite concentrate grades exceed 1.5% V(2)O(5). We look forward to more positive results from our ongoing drill core assays and Davis Tube testwork programs over the coming weeks."

Davis Tube testwork results

Results from the first batch of samples submitted for Davis Tube testwork is shown in Table 1 below.

Table 1: Summary of Davis Tube results for drill holes LD-19-003, LD-19-004, LD-19-016, LD-19-017, LD-19-025, LD-19-029, LD-19-33, and LD-19-034, with percentages of magnetics and magnetite concentrates grades for Fe(2)O(3), V(2)O(5), TiO(2), SiO(2) and Al(2)O(3), intersected core lengths, estimated true thicknesses, and magnetite-bearing stratigraphic zones.

Sample       BHID  FROM    TO

           CORE

              ESTIMATED          Zone       Mag          Fe2O3           TiO2            V2O5           SiO2           Al2O3
                                                   LENGTH                 TRUE                                %          (%)             (%)             (%)            (%)            (%)
                                                    (m)                 THICKNESS
                                                                           (m)

    ---



                 (m)         (m)

        ---                   ---

           01-Mar
     LD-        2.9   15.0               12.1                          11.0
     P3              34.60           87.70           12.10           0.93           0.67            0.53
                              19-
                              016

    ---

           02-Mar            66.9   76.5    9.6                8.7
       P2                             47.60      87.60           11.80            1.16           0.87           0.76

        ---

           03-Mar           119.0  124.5    5.5                5.0
       P2                             36.40      90.00            8.77            1.49           0.57           0.72

        ---

           04-Mar           142.6  150.7    8.1                7.3
       P1                             28.60      91.00            8.51            1.48           0.57           0.71

        ---

           05-Mar           173.7  186.0   12.3               11.2
       P0                             22.70      92.60            7.06            1.46           0.83           0.66

        ---

           06-Mar
     LD-       18.0   28.5               10.5                           9.5
     P2              39.60           90.30            8.60           1.35           0.98            0.74
                              19-
                              017

    ---

           07-Mar            39.0   50.4   11.4               10.3
       P2                             36.30      92.60            7.70            1.47           0.58           0.46

        ---

           08-Mar            82.9   90.6    7.8                7.0
       P1                             21.00      93.90            5.22            1.62           0.64           0.57

        ---

           09-Mar
     LD-      123.0  132.0                9.0                           8.2
     P2              33.60           90.30            8.86           1.31           0.94            0.74
                              19-
                              033

    ---

           10-Mar           193.5  201.4    7.9                7.1
       P1                             16.20      91.10            7.55            1.40           1.15           0.54

        ---

           11-Mar
     LD-       99.1  107.9                8.8                           8.0
     P2              35.80           82.00           13.30           0.72           2.44            1.68
                              19-
                              034

    ---

           12-Mar           201.0  209.0    8.0                7.3
       P2                             24.90      94.40            5.47            1.52           0.85           0.53

        ---

           13-Mar           248.3  257.4    9.1                8.3
       P1                             22.90      94.70            4.44            1.50           0.80           0.68

        ---

           01-Apr
     LD-       36.0   42.0                6.0                           5.4
     P3              47.23           85.20           11.50           0.99           1.69            1.31
                              19-
                              003

    ---

           02-Apr            47.3   48.0    0.7                0.6
       P3                             52.69      83.70           12.40            1.15           1.92           1.70

        ---

           03-Apr           213.5  221.2    7.7                6.9
       P1                             26.39      89.10            7.29            1.42           2.25           1.89

        ---

           04-Apr           228.0  229.5    1.5                1.4
       P1                             24.50      92.50            6.32            1.57           1.10           0.92

        ---

           05-Apr
     LD-       48.0   51.0                3.0                           2.7
     P2              64.67           90.40            6.70           1.43           1.17            1.52
                              19-
                              004

    ---

           06-Apr            97.9   98.9    1.0                0.9
       P2                             59.92      85.80            8.73            1.34           2.40           2.23

        ---

           07-Apr           100.2  103.7    3.5                3.1
       P2                             13.41      92.10            5.96            1.37           1.58           1.23

        ---

           08-Apr           103.7  104.8    1.2                1.0
       P2                             60.93      87.10            9.37            1.42           1.70           1.72

        ---

           09-Apr           146.5  148.8    2.3                2.1
       P1                             36.51      94.20            2.02            1.59           1.84           1.54

        ---

           10-Apr           148.8  154.5    5.7                5.2
       P1                             11.75      97.90            0.70            1.56           1.00           0.75

        ---

           11-Apr           185.8  187.3    1.5                1.4
       P1                              6.28      98.00            1.16            1.51           0.94           0.71

        ---

           12-Apr
     LD-       45.2   56.5               11.4                           8.7
     P2              40.46           87.80           12.20           0.86           0.69            0.50
                              19-
                              025

    ---

           13-Apr           188.5  206.0   17.5               13.4
       P2                             41.67      90.40            6.49            1.42           1.71           1.55

        ---

           14-Apr           248.4  254.3    5.9                4.5
       P1                             31.96      93.40            5.17            1.55           1.53           1.50

        ---

           15-Apr
     LD-       12.0   22.0               10.0                           7.7
     P3              40.05           85.00           12.90           0.81           1.62            1.16
                              19-
                              029

    ---

           16-Apr           109.0  123.0   14.0               10.7
       P2                             50.48      85.10           10.70            1.18           1.86           2.28

        ---

           17-Apr           139.5  151.5   12.0                9.2
       P2                             46.87      85.00           11.40            1.28           1.64           2.04

        ---

           18-Apr           178.5  183.0    4.5                3.5
       P2                             52.76      85.00           11.30            1.31           1.75           2.27

        ---

           19-Apr           230.9  234.1    3.2                2.4
       P2/P1                          42.08      91.70            4.91            1.54           1.60           1.57

        ---

           20-Apr           250.8  253.5    2.7                2.1
       P1                             31.32      92.70            6.99            1.51           0.55           0.49

        ===

Estimated true thickness is calculated by assuming a dip of the layering of 70° to the SE, and the plunge of the drill hole towards the NW (-45° for LD-19-003, LD-19-004, LD-19-016, LD-19-017, LD-19-33, and LD-19-034, -60° for LD-19-025 and LD-19-029).

Davis Tube tests were carried out at SGS Canada Inc's facilities in Val d'Or, Quebec. Samples were composited over the intervals in Table 1 using pulp rejects from samples previously prepared for assay. The samples had already been pulverized to 85% passing 75 μm. Composites were prepared using relative proportions based on weights of the core samples submitted (i.e. these are weighted-average composites). The composite was further pulverized to 80% passing 38 μm, and a 20g subsample of the composite was taken for the Davis Tube testing. Samples were added to the Davis tube and the tube was allowed to agitate for a period of four minutes, after which the magnets were interrupted, and the magnetic concentrate was collected. The tailings were collected in a pail. Both the magnetic concentrate and non-magnetic tailings were filtered, dried, and weighed. The two products were analyzed for Major elements SiO(2), Al(2)O(3), Fe(2)O(3), MgO, CaO, Na(2)O, K(2)O, TiO(2), P(2)O(5), MnO, Cr(2)O(3), V(2)O(5), and LOI by Whole Rock Analysis (WRA), as per the procedure outlined below. QAQC protocol was for two samples to be subject to repeat tests.

Table 2: Summary of the significant intersections, with weighted average grades for V(2)O(5), Fe(2)O(3) and TiO(2), intersected core lengths, and estimated true thicknesses.

HOLE-ID      FROM       TO         CORE

              ESTIMATED        V2O5         Fe2O3          TiO2         Zone
                                              LENGTH              TRUE                (%)          (%)            (%)
                          (m)       (m)        (m)             THICKNESS
                                                                  (m)


        LD-19-003               7.5      14.3           6.9                       6.2         0.57          59.96          14.40
       P3



        INCLUDING              12.0      14.3           2.4                       2.1         0.67          66.58          15.99

    ---

        LD-19-003              34.2      51.3          17.1                      15.5         0.59          57.10          13.22
       P3

    ---

        INCLUDING              47.3      49.9           2.6                       2.3         0.73          65.86          15.16

    ---

        LD-19-003              92.0      99.2           7.2                       6.5         0.63          53.74          11.95
       P2

    ---

        LD-19-003             141.4     168.9          27.5                      24.9         0.65          51.44           9.74
       P2



        INCLUDING             152.5     154.9           2.4                       2.2         0.84          62.64          12.08




       AND                   157.7     162.0           4.3                       3.9         0.86          62.25          11.64




       AND                   166.9     168.9           2.0                       1.8         0.85          62.68          11.83

    ---

        LD-19-003             178.1     198.4          20.4                      18.4         0.69          50.41           8.89
       P2



        INCLUDING             178.1     183.4           5.4                       4.8         0.82          60.12          11.02




       AND                   184.3     188.5           4.2                       3.8         0.80          57.38          10.15




       AND                   194.6     198.4           3.9                       3.5         0.91          63.24          10.94

    ---

        LD-19-003             210.0     222.3          12.3                      11.1         0.61          42.65           7.04
       P2



        INCLUDING             212.1     213.5           1.4                       1.3         0.91          61.60          10.40




       AND                   216.0     218.2           2.2                       2.0         0.80          54.74           9.12




       AND                   221.2     222.3           1.2                       1.0         0.97          66.20          11.20

    ---

        LD-19-003             228.0     232.6           4.6                       4.2         0.78          54.04           8.89
       P2



        INCLUDING             229.5     232.6           3.1                       2.8         0.88          60.84          10.06

    ---

        LD-19-003             242.4     242.9           0.5                       0.5         0.80          52.60           8.99
       P1

    ---

        LD-19-003             248.0     252.7           4.7                       4.2         0.51          35.47           5.50
       P1

    ---

        LD-19-003             255.7     261.2           5.5                       5.0         0.51          36.73           5.52
       P1



        INCLUDING             255.7     259.5           3.8                       3.4         0.60          42.80           6.42

    ---

        LD-19-003             314.3     316.5           2.2                       1.9         0.43          28.29           4.79
       P0

    ===

        LD-19-004               2.2      10.2           8.0                       7.3         0.59          46.34           8.22
       P3



        INCLUDING               2.2       5.9           3.7                       3.4         0.71          54.57          10.14



        INCLUDING               7.7      10.2           2.5                       2.3         0.73          55.40           9.80

    ---

        LD-19-004              44.1      51.0           6.9                       6.3         0.97          70.13          11.76
       P2

    ---

        LD-19-004              91.5     104.8          13.3                      12.1         0.56          40.34           6.65
       P2



        INCLUDING              93.0      93.7           0.7                       0.6         0.93          66.60          11.10




       AND                    97.9     100.2           2.3                       2.1         0.83          58.77           9.69




       AND                   103.7     104.8           1.2                       1.0         0.96          67.60          11.10

    ---

        LD-19-004             112.5     116.5           4.0                       3.6         0.76          53.91           8.65
       P2



        INCLUDING             113.9     116.5           2.6                       2.4         0.86          60.66           9.73

    ---

        LD-19-004             137.5     157.5          20.0                      18.1         0.45          33.18           5.00
       P1



        INCLUDING             137.5     146.5           9.0                       8.2         0.52          36.97           5.62




       AND                   146.5     148.8           2.3                       2.1         0.76          53.27           8.35

    ---

        LD-19-004             187.3     189.6           2.3                       2.1         0.43          29.70           4.68
       P1

    ===

        LD-19-005              25.1      27.9           2.8                       2.5         0.43          52.76          11.84
       P2

    ---

        LD-19-005              35.1      38.9           3.9                       3.5         0.70          68.94          16.75
       P2

    ---

        LD-19-005              54.2      56.9           2.8                       2.5         0.60          57.42          13.48
       P2

    ---

        LD-19-005              59.6      76.5          16.9                      15.3         0.51          53.92          12.55
       P2

    ---

        INCLUDING              64.0      74.2          10.3                       9.3         0.57          59.35          14.11

    ---

        LD-19-005              79.8      80.6           0.8                       0.7         0.71          61.90          15.00
       P2

    ---

        LD-19-005              83.1      84.0           0.9                       0.8         0.55          54.80          12.90
       P2

    ---

        LD-19-005              88.1     108.7          20.6                      18.7         0.53          52.68          11.55
       P2



        INCLUDING              88.1      99.8          11.8                      10.6         0.63          61.45          13.92




       AND                   104.2     106.1           1.9                       1.7         0.69          62.91          14.11




       AND                   107.6     108.7           1.1                       1.0         0.69          60.20          13.70

    ---

        LD-19-005             121.3     135.9          14.6                      13.2         0.61          53.21          11.56
       P2

    ---

        LD-19-005             143.2     173.7          30.5                      27.6         0.69          53.59          10.59
       P2



        INCLUDING             164.0     166.3           2.3                       2.1         0.86          63.09          12.10




       AND                   170.4     173.4           3.0                       2.7         0.70          52.80           9.68

    ---

        LD-19-005             181.4     202.4          21.0                      19.0         0.74          51.62           9.32
       P2



        INCLUDING             183.7     184.8           1.1                       1.0         0.97          67.80          12.40




       AND                   189.4     193.6           4.2                       3.8         0.85          58.15          10.64




       AND                   200.3     202.4           2.2                       1.9         1.00          67.07          11.92

    ---

        LD-19-005             211.6     214.3           2.7                       2.4         0.67          45.97           7.71
       P2

    ---

        LD-19-005             218.3     223.4           5.1                       4.6         0.59          42.16           6.79
       P1



        INCLUDING             219.6     220.3           0.8                       0.7         1.00          70.10          11.10




       AND                   222.6     223.4           0.8                       0.7         0.96          66.60          10.80

    ---

        LD-19-005             227.6     230.1           2.5                       2.3         0.81          56.86           9.11
       P1

    ---

        LD-19-005             243.0     254.0          11.0                      10.0         0.48          35.11           5.28
       P1



        INCLUDING             251.0     252.4           1.4                       1.3         0.73          51.90           7.83

    ---

        LD-19-005             257.4     259.5           2.1                       1.9         0.34          26.24           3.81
       P1

    ---

        LD-19-005             262.5     265.0           2.5                       2.3         0.34          25.22           3.72
       P1

    ===

        LD-19-008               2.4      37.6          35.2                      31.9         0.45          52.21          12.67
       P2



        INCLUDING               8.0      19.2          11.2                      10.2         0.53          60.40          15.48




       AND                    30.0      37.6           7.6                       6.9         0.52          57.75          13.80

    ---

        LD-19-008              43.1      71.3          28.2                      25.6         0.60          56.29          12.64
       P2



        INCLUDING              58.5      64.5           6.0                       5.4         0.75          66.53          15.23

    ---

        LD-19-008              79.6     120.5          40.9                      37.1         0.69          53.77          10.64
       P2



        INCLUDING             102.0     109.5           7.5                       6.8         0.74          55.00          10.78




       AND                   115.3     120.5           5.3                       4.8         0.81          59.91          10.85

    ---

        LD-19-008             129.8     138.1           8.3                       7.5         0.71          52.32           9.03
       P2

    ---

        LD-19-008             140.3     149.2           8.9                       8.1         0.61          45.18           7.51
       P2

    ---

        LD-19-008             156.9     167.8          10.9                       9.9         0.57          41.29           6.56
       P2

    ---

        LD-19-008             172.2     175.8           3.6                       3.2         0.78          55.63           8.67
       P1

    ---

        LD-19-008             191.1     203.0          11.9                      10.8         0.49          34.89           5.28
       P1

    ---

        LD-19-008             230.2     234.0           3.8                       3.4         0.44          31.44           4.54
       P0

    ===

        LD-19-013              89.2     115.2          26.1                      20.0         0.61          58.43          13.56
       P2


        INCLUDING             111.0     114.0           3.0                       2.3         0.72          60.95          14.00

    ---

        LD-19-013             142.4     185.2          42.8                      32.7         0.73          55.72          11.21
       P2



        INCLUDING             171.0     175.8           4.8                       3.6         0.82          60.87          11.81

    ---


       AND                   181.5     185.2           3.7                       2.8         0.86          61.98          11.63

    ---

        LD-19-013             191.8     209.7          17.9                      13.7         0.70          51.63           9.01
       P2



        INCLUDING             191.8     195.0           3.2                       2.5         0.84          61.44          11.01

    ---


       AND                   199.5     202.5           3.0                       2.3         0.84          60.00          10.59




       AND                   208.5     209.7           1.2                       0.9         0.94          66.70          11.30

    ---

        LD-19-013             216.0     225.3           9.3                       7.1         0.60          42.70           7.04
       P1

    ===

        LD-19-015               4.7       7.4           2.7                       2.3         0.44          49.40          12.57
       P3

    ---

        LD-19-015              73.3      80.7           7.4                       6.4         0.49          50.74          11.83
       P2



        INCLUDING              75.0      77.5           2.5                       2.2         0.64          63.62          15.26

    ---

        LD-19-015              88.4     136.5          48.2                      41.7         0.68          54.73          11.26
       P2



        INCLUDING              96.0     102.0           6.0                       5.2         0.75          66.20          14.50




       AND                   118.5     128.3           9.8                       8.5         0.76          58.20          11.04




       AND                   132.4     136.5           4.2                       3.6         0.80          58.85          10.63

    ---

        LD-19-015             146.9     150.0           3.1                       2.7         0.41          31.96           5.31
       P2

    ---

        INCLUDING             155.4     171.3          15.9                      13.8         0.68          49.29           8.32
       P2




       AND                   155.4     158.3           2.9                       2.5         0.84          60.15          10.55




       AND                   161.2     164.0           2.8                       2.4         0.79          56.55           9.70




       AND                   169.7     171.3           1.6                       1.4         0.95          66.80          11.10

    ---

        LD-19-015             180.2     193.0          12.8                      11.1         0.52          37.63           5.97
       P2



        INCLUDING             181.2     185.4           4.2                       3.6         0.66          46.60           7.46




       AND                   190.8     193.0           2.2                       1.9         0.65          47.22           7.53

    ---

        LD-19-015             223.5     234.4          10.9                       9.4         0.50          35.72           5.36
       P1



        INCLUDING             223.5     225.0           1.5                       1.3         0.65          44.80           6.95

    ===

        LD-19-018              10.3      17.7           7.5                       6.8         0.41          54.34          13.22
       P3

    ---

        LD-19-018              21.8      44.9          23.0                      20.9         0.51          56.49          13.56
       P2



        INCLUDING              40.5      43.2           2.7                       2.5         0.67          65.09          15.58

    ---

        LD-19-018              74.0     118.9          44.9                      40.7         0.62          50.00           9.32
       P2



        INCLUDING              83.0      86.0           3.0                       2.7         0.73          59.10          11.65




       AND                    91.5      98.2           6.7                       6.0         0.72          55.82          10.48




       AND                   102.5     103.6           1.1                       1.0         0.89          65.70          11.60

    ---

        LD-19-018             124.4     132.2           7.8                       7.1         0.61          44.96           7.07
       P2



        INCLUDING             128.8     129.7           0.9                       0.8         0.90          63.80          10.30




       AND                   131.7     132.2           0.6                       0.5         1.01          69.50          11.30

    ---

        LD-19-018             135.8     138.5           2.7                       2.5         0.82          58.59           9.07
       P1



        INCLUDING             137.5     138.5           1.0                       0.9         0.91          63.80           9.88

    ---

        LD-19-018             148.0     153.9           5.9                       5.3         0.54          38.73           5.78
       P1



        INCLUDING             152.1     153.9           1.8                       1.6         0.78          55.09           8.23


        LD-19-021              12.0      43.0          31.0                      28.1         0.44          49.60          11.60
       P3



        INCLUDING              19.8      34.4          14.6                      13.2         0.50          54.84          13.17




       AND                    34.7      39.9           5.2                       4.7         0.59          59.77          14.13

    ---

        LD-19-021              48.0      63.3          15.3                      13.9         0.46          47.21          10.36
       P2



        INCLUDING              48.0      51.6           3.6                       3.3         0.61          62.36          13.97

    ---


       AND                    59.9      63.3           3.4                       3.1         0.58          55.70          12.65

    ---

        LD-19-021              81.8     122.0          40.2                      36.4         0.62          51.55          10.08
       P2



        INCLUDING              81.8      85.7           3.9                       3.5         0.73          64.96          14.64

    ---


       AND                    87.8      99.9          12.1                      11.0         0.69          57.15          12.02




       AND                   104.3     115.5          11.2                      10.2         0.73          55.92          10.69




       AND                   121.0     122.0           1.0                       0.9         0.90          66.50          11.80

    ---

        LD-19-021             128.1     151.5          23.4                      21.2         0.46          36.78           5.68
       P2



        INCLUDING             132.6     135.6           3.0                       2.7         0.66          49.55           8.28




       AND                   148.6     151.5           2.9                       2.6         0.67          49.94           8.02

    ---

        LD-19-021             158.5     171.0          12.5                      11.3         0.39          32.10           4.39
       P1

    ---

        LD-19-021             185.2     188.4           3.2                       2.9         0.56          41.50           5.99
       P1

    ---

        LD-19-021             200.3     206.3           6.0                       5.4         0.49          34.40           5.20
       P1

    ---

        LD-19-021             209.8     212.1           2.3                       2.1         0.29          22.05           3.21
       P1

    ---

        LD-19-021             232.9     236.2           3.3                       3.0         0.62          38.36           6.42
       P0

    ===

        LD-19-032             109.9     142.0          32.1                      29.1         0.62          46.78           8.88
       P2



        INCLUDING             111.5     117.5           6.0                       5.4         0.74          59.03          12.30




       AND                   120.8     125.2           4.4                       4.0         0.80          59.31          11.37




       AND                   137.0     139.5           2.5                       2.3         0.81          56.20          10.00




       AND                   141.3     142.0           0.7                       0.6         0.94          62.30          11.20

    ---

        LD-19-032             149.2     153.1           4.0                       3.6         0.62          47.24           7.11
       P2



        INCLUDING             151.0     153.1           2.1                       1.9         0.86          60.20           9.71

    ---

        LD-19-032             165.0     177.0          12.0                      10.9         0.50          34.89           5.42
       P2



        INCLUDING             172.5     173.5           1.0                       0.9         0.81          54.70           8.40

    ---

        LD-19-032             178.5     183.0           4.5                       4.1         0.32          24.77           3.56
       P1


        LD-19-035              32.9      39.4           6.5                       5.3         0.25          46.42           9.04
       P3

    ---

        LD-19-035              47.5     100.6          53.1                      43.5         0.43          48.01          11.09
       P2



        INCLUDING              78.5      86.1           7.6                       6.2         0.68          65.76          15.98




       AND                      96      97.8           1.8                       1.5         0.76          69.92          17.04




       AND                      99     100.6           1.6                       1.3         0.71          66.58          16.04

    ---

        LD-19-035             104.9     107.5           2.6                       2.1         0.53          55.43          11.48
       P2



        LD-19-035             110.3     154.9          44.6                      36.5         0.65          54.12          11.61
       P2



        INCLUDING             116.8     154.9          38.1                      31.2         0.70          57.59          12.33

    ---

        LD-19-035             164.2     193.1          28.9                      23.7         0.67          51.63           9.77
       P2



        INCLUDING             164.2     170.2             6                       4.9         0.71          54.17          10.68




       AND                     174     185.6          11.6                       9.5         0.78          58.58          11.30




       AND                   187.7     193.1           5.4                       4.4         0.75          54.37          10.05

    ---

        LD-19-035               199     218.6          19.6                      16.1         0.59          43.51           7.17
       P2



        INCLUDING             201.5     204.5             3                       2.5         0.79          57.20          10.10




       AND                   210.9     211.6           0.7                       0.6         0.89          63.30          10.30




       AND                   217.6     218.6             1                       0.8         0.83          61.00           9.50

    ---

        LD-19-035               224     232.3           8.3                       6.8         0.54          39.47           6.11
       P1



        INCLUDING               224     228.3           4.3                       3.5         0.77          53.97           8.56
       P1

    ---

        LD-19-035             247.8     255.9           8.1                       6.6         0.53          38.06           5.77
       P1

    ---

        LD-19-035             262.6     264.9           2.3                       1.9         0.51          36.42           5.46
       P0

    ---

        LD-19-035             273.9     277.9             4                       3.3         0.32          23.59           3.50
       P0

    ===
* True thickness is
                             estimated by assuming a
                             dip of the layering of 70°
                             to the SE, and the plunge
                             of the drill hole towards
                             the NW (-45° for LD-19-
                             003, LD-19-004, LD-19-
                             005, LD-19-008, LD-19-
                             018, LD-19-021 and LD-
                             19-32, -50° for LD-19-
                             015, -55
                º
                                       for LD-19-035
                                       and -60
                º
                                      for LD-19-013).
--  LD-19-003 drilled at -45(o) to a depth of 375 m
    --  LD-19-004 drilled at -45(o) to a depth of 240 m
    --  LD-19-005 drilled at -45(o) to a depth of 270 m
    --  LD-19-008 drilled at -45º to a depth of 246 m
    --  LD-19-013 drilled at -60º o to a depth of 231 m
    --  LD-19-015 drilled at -50(o) to a depth of 252 m
    --  LD-19-018 drilled at -45(o) to a depth of 180 m
    --  LD-19-021 drilled at -45º to a depth of 246 m
    --  LD-19-032 drilled at -45(o) to a depth of 201 m
    --  LD-19-035 drilled at -55(o) to a depth of 279 m

2019 exploration program

The summer-fall 2019 exploration program conducted at the Lac Dor� Vanadium property was designed by the Company with the aid of mining industry consultants InnovExplo of Val-d'Or, Qu�bec and CSA Global of Vancouver, BC. The exploration program was managed by InnovExplo of Val-d'Or, Qu�bec under the supervision of the Table Jam�sienne de Concertation Mini�re (TJCM) of Chibougamau, Qu�bec.

The infill and extension drilling program was the main component of the 2019 exploration program. Thirty-five holes were drilled (total: 9,196 m) within the outline of the corridor hosting banded VTM mineralization that was the focus of historic drilling, including 28 holes drilled to map the continuity of VTM mineralization between historic holes (7,642 m) and seven holes drilled to twin historic holes (total: 1,554 m). The drilling was carried out by Miikan Drilling Ltd of Chibougamau.

Drill core samples (half-core) are submitted to SGS Canada Inc.'s facilities in Val d'Or and Quebec City, Quebec for preparation. The entire sample is dried as required and crushed to 75% passing 2 mm. A 1000-1500 g subsample is then split out and pulverized to 85% passing 75 μm and ~150 g subsample taken for head assays.

Samples are then shipped to SGS Canada Inc.'s facility at Lakefield, Ontario for Whole Rock Analysis (WRA) performed by X-Ray Fluorescence spectroscopy (XRF). The SGS facilities are ISO/IEC 17025 standard certified for the methods used, and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The suite of elements analysed includes SiO(2), Al(2)O(3), Fe(2)O(3), MgO, CaO, Na(2)O, K(2)O, TiO(2), P(2)O(5), MnO, Cr(2)O(3), V(2)O(5), and Loss on Ignition (LOI).

Strict QA/QC protocols designed by InnovExplo and CSA Global was implemented to ensure the assay results are relevant, reliable and in accordance with industry standards, CIM Mineral Exploration Best Practice Guidelines (CIM Exploration Guidelines, 2018) and National Instrument 43-101 - Standards of Disclosure for Mineral Projects (NI 43-101) disclosure requirements.

The QAQC Protocol is as follows:

--  Minimum 5% appropriate VTM standards to be inserted into the
        sample stream (i.e. 1 standard per 20 samples);
    --  Minimum 5% blanks to be inserted into the sample stream;
    --  All coarse rejects and pulps to be collected from the
        laboratory;
    --  5% of pulps to be resubmitted to SGS in later batches as
        duplicates with new sample numbers;
    --  5% of pulps to be submitted to an umpire laboratory.

The details of the results received from the laboratory are presented in the tables available on the VanadiumCorp website by clicking here...(Lengths are expressed along drill core axis. The true thickness was not determined.)

Qualified Persons

The scientific and technical information disclosed in this news release has been prepared, reviewed and approved by Mr. Carl Pelletier, B.Sc., P.Geo. (Qu�bec) from InnovExplo, a consultant to the Company and an Independent Qualified Person under NI 43-101 - Standards of Disclosure for Mineral Projects.

About VanadiumCorp Resource Inc.

VanadiumCorp is an integrated technology and mining company focused on developing an exclusive clean energy storage supply chain with XRG® vanadium redox flow battery technology, jointly owned process technology and it's wholly owned and strategic vanadium resource base in mining friendly Quebec, Canada. The Company's key mining assets contain vanadium, titanium and iron in VTM and include the Lac Dor� Project adjacent to Blackrock Metals Inc. and the Iron-T Project near the Glencore (Bracemac-McLeod) Matagami Copper-Zinc Mine.

On behalf of the board of VanadiumCorp:

Adriaan Bakker President and Chief Executive Officer

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 & Forward-Looking Statements

This 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 Company's 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 Company's 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.

SOURCE VanadiumCorp Resource Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2020/21/c2118.html

SOURCE: VanadiumCorp Resource Inc.

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

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