VanadiumCorp Resource Inc.: Board Appointment

VanadiumCorp Resource Inc.: Board Appointment 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/27/14 --  
VanadiumCorp Resource Inc. (TSX VENTURE: VRB) (the "Company") is
pleased to announce the appointment of new board member, Mr. Tom
Mr. Peregoodoff has joined the board of directors of VanadiumCorp
effective immediately. The board appointment comes at an
unprecedented time of positive change and new direction. Mr.
Peregoodoff has over 25 years of mining and petroleum industry
experience, including 18 years with BHP Billiton and has extensive
global exploration, operations and business development experience.
He is currently the Executive Vice-President, Business Development
for Peregrine Diamonds Ltd. Prior to joining Peregrine, Mr.
Peregoodoff was Vice President, Exploration, BHP Billiton and was
accountable for global early-stage exploration activities across all
commodities. He has held several senior roles in BHP Billiton's
exploration division in commercial, operational and technical
capacities and was a Director of a number of BHP Billiton owned
entities. Mr. Peregoodoff holds a BSc. in Geophysics from the
University of Calgary.  
Tom Peregoodoff comments, "It is a very exciting time to be joining
the Company. I am looking forward to working with Adriaan as we
unlock the tremendous value contained within the world class assets
of VanadiumCorp. The rest of the board and I are focused on the
future and providing Adriaan and his team with the support they need
to advance our Quebec assets." 
VanadiumCorp CEO, Adriaan Bakker, states, "Tom's addition to our team
is invaluable and very well timed. The NI 43-101 report of the Lac
Dore Project is now pending and the Company has mandated a resource
upgrade at Lac Dore, Tom's experience will play a key role in
advancing the Company's mineral assets towards production." 
In related business, Adrian O'Brien has resigned as an independent
director. VanadiumCorp thanks Adrian for his contribution to the
Company. The Company wishes him well in his future endeavors. 
About VanadiumCorp Resource Inc. 
VanadiumCorp is a mining company with a vision to become the lowest
cost, primary producer of Vanadium in the world. The current growth
strategy is focused on development of its most advanced project in
mining friendly Quebec, Canada, the Lac Dore project. This project
encompasses the main Lac Dore deposit and is directly adjacent to a
projected $600 Million CAPEX mine. The Company's unique projects are
both located in mining friendly Quebec and hold the key for stable
domestic supply of Vanadium for years to come. VanadiumCorp's
experienced management and technical teams are dedicated to project
development and building shareholder value.  
About Vanadium 
The main use of Vanadium today is in light weight high-strength alloy
steels. Just approx. 0.1% of Vanadium can double the strength of
steel. This has a very strong economic and environmental impact as it
allows producers to build superior products with less steel. This
saves significant material costs and reduces the amount of resources
to mine. Vanadium has also been dubbed "the electric metal" for its
bright future in energy storage and green technology. Highly
concentrated and economical sources to mine are only found in China,
South Africa and Russia. In 2007 & 2008, VanadiumCorp acquired the
most prolific Vanadium deposits in North America.  
The new VanadiumCorp website is set for launch in March 2014. 
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 Regarding Forward-Looking Statements 
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. 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. 
VanadiumCorp Resource Inc.
Tim Halyk
Investor Relations
1-604-685-3764 (FAX)
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