VanadiumCorp Resource Inc. removed Adriaan Bakker as the Company's CEO and President effective immediately. Mr. Bakker will remain a director of VanadiumCorp. The board has appointed, Paul McGuigan P.Geo, as Interim CEO.

Mr. McGuigan is a Professional Geoscientist registered with the Association of Engineers and Geoscientists of the Province of BC, with 45 years of international experience in mineral exploration, deposit evaluation, mine operations, and corporate governance.