Scandium Canada Ltd. announced that it has signed a Pre-Development Agreement with the Naskapi Nation of Kawawachikamach concerning the Company's Crater Lake scandium and rare earth project in Québec, Canada. This Agreement allows for pre-development activities to be undertaken on the property until a positive feasibility study compliant to NI 43-101 regulation is completed. The Agreement promotes a mutually respectful relationship between Naskapi Nation and Scandium Canada concerning all of the pre-development activities to be carried out on the territory in relation with the Crater Lake Project.

Scandium Canada recognizes that the Naskapi Nation holds inherent aboriginal rights and treaty rights to and over certain territories within the Company's Project. The Agreement, which will be added shortly on the Company's website, establishes a foundation for collaborative communications between the parties to facilitate Scandium Canada's consultation with Naskapi Nation to ensure that any exploration and pre-development activities within Nuchimiyuschiiy are conducted for the mutual benefit of Naskapi Nation and Scandium Canada, while recognizing the importance of the environment and Naskapi traditional territory and the associated indigenous and treaty rights of the Naskapi Nation and its members. The Crater Lake scandium and rare earth mine, concentrate transportation and metallurgical processing will affect the territories of other communities.

The Company is committed to include all interested parties in discussions concerning its pre-development activities.