Vanadium One Iron Corp. announced the appointment of Mr. Cliff Hale-Sanders as President, Chief Executive Officer and Director and Mr. Ashley Martin, who has been appointed Chief Operating Officer. These appointments are effective immediately.

The Company would also like to announce the appointment of Michael Skutezky to the position of General Counsel and Corporate Secretary. These appointments come as the Company transitions from early stage exploration towards mine definition and development. The new management team will undertake the next sequential steps of completing the ongoing detailed metallurgical analysis program followed by preparing a Preliminary Economic Assessment at its 100% owned Mont Sorcier Iron and Vanadium Project in Chibougamau Quebec.

The Company recently reported, in April of this year, its maiden resource estimate, which the new management team believes to be strong enough to continue with further definition drilling, engineering, metallurgical, to commence environmental and community impact studies, and additionally, to conduct in depth market studies for the end sale product to further define the economic potential hosted at Mont Sorcier. Mr. Cliff Hale-Sanders is an entrepreneurial and driven mining executive, a co-founder of Ascendant Resources Inc. in late 2016 and has over 20 years of capital markets experience as an Equity Mining Research Analyst. Mr. Ashley Martin joined the Company in 2018 as Vice President - Technical Services.

He has now been promoted within the Company to the position of Chief Operating Officer. Mr. Michael Skutezky has had a 30 year career in the financial sector in Canada including as Assistant General Counsel at the Royal Bank of Canada focused on International and Canadian Project financing based in Montreal and Toronto and as Senior Vice President Personal Trust, National Trust Company. In addition, Mr. Pierre-Jean Lafleur will be stepping down as a Director of the Corporation, however, he remains Vice President, Exploration.