VANADIUM RESOURCES LIMITED — Capital/Financing Update 2021

Oct 10, 2021

11 October 2021

The Manager Company Announcements Office ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000

CLEANSING NOTICE

This cleansing notice is given by Vanadium Resources Limited (ASX:VR8) (Company) under section 708(5)(e)of the Corporations Act 2001 (Cth) (Corporations Act).

The Company advises that it has today issued 44,230,769 fully paid ordinary shares (Shares). Pursuant to section 708A(5)(e) of the Corporations Act, the Company gives notice that:

1. the Company issued the Shares without disclosure under Part 6D.2 of the Corporations Act;

2. as at the date of this notice, the Company has complied with:

3. i. the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

4. ii. section 674 of the Corporations Act; and

5. as at the date of this notice, there is no information to be disclosed which is excluded information (as defined in section 708A(7) of the Corporations Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document.

This notice is authorised for ASX release by the Board of Vanadium Resources Limited.

Your Sincerely,

Ms Kyla Garic Company Secretary Vanadium Resources Limited Email: contact@vr8.global

Vanadium Resources Limited (ASX.VR8) Suite 7, 63 Shepperton Road, Victoria Park, WA 6101 Australia +61-8 6158 9990 • contact@VR8.global • www.VR8.global

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