VANADIUM RESOURCES LIMITED (VR8)

The suspension of trading in the securities of Vanadium Resources Limited will be lifted immediately, following the release by VR8 of an announcement regarding an increase in the Steelpoortdrift Vanadium Project interest.

Matrix Resources (Zhejiang) Co., Ltd to make a strategic A$5.91 million investment in return for an interest of 9.99% in VR8 via a subscription for 53,763,800 shares at an issue price of $0.11 per subscription share, representing a ~40% premium to the 30- day VWAP. Exclusivity granted to Matrix to negotiate an offtake, aimed at the Asian markets, of 40% of Vanadium Products produced from the Phase 1 operations of the Steelpoortdrift Vanadium Project over a 10-year term. Matrix is a wholly owned subsidiary of Lygend Investment, which is also the largest shareholder of Hong Kong listed Lygend Resources & Technology Co., Ltd. Lygend Resource is operating its business across the entire nickel industry value chain and is engaged in both the trading and the production of nickel products. The Company must use its best endeavours to enable Matrix to participate in future equity capital raises to maintain its ownership position. Funds raised from the strategic investment will be used towards progressing Front End Engineering Design, completing additional technical work and critical pathways to construction and growing the operations team as the Company moves towards Final Investment Decision.

VR8 enters into Agreements to increase its interest in the Steelpoortdrift Vanadium Project from 73.95% to 86.49%. VR8 acquires 12.54% in return for ZAR 8,730 (A$707) in cash and 22,124,030 Share Options to acquire VR8 Shares equal to 4.37% of the current issued share capital of VR8. Vendors have agreed to a voluntary escrow of 12 months subject to block trade capacity managed by VR8. Agreements are subject to South African Reserve Bank approvals (if required) and VR8 being satisfied with the minimum ownership position of VanRes in terms of South African Black Economic Empowerment policy.

The company releases a notice of proposed issue of securities.

The securities of Vanadium Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of VR8, pending the release of an announcement regarding an increase in Steelpoortdrift Vanadium Project interest.

The suspension of trading in the securities of Vanadium Resources Limited will be lifted immediately, following the release by VR8 of an announcement regarding a capital raise and the potential acquisition of an ESG process strategy.

The company releases a notice of Proposed issue of Securities - VR8.

Company to acquire up to a 74% interest in an ESG integrated extraction, processing, refining, and manufacturing technology developed by TCM Research Ltd (TCM), that innovatively utilises existing processing methodologies to produce battery grade Vanadium Pentoxide and high-end Vanadium products, including other products arising from the Steelpoortdrift Ore such as Iron, Titanium, Silicon and Aluminium, which are not currently extracted using conventional processing methods. Technology IP will be transferred into a new joint venture company (of which VR8 can earn up to a 74% controlling interest), and the JV Co will licence the technology to VR8 who will hold exclusive rights as well as have the ability to licence the technology globally. The processing technology is carbon-efficient and has hydrogen- and power-generating proficiencies. Studies conducted will include investigation to treat waste from the Salt Roast process and remediate waste from other vanadium tailings storage facilities globally. Existing studies for the PFS and DFS for the Steelpoortdrift Vanadium Project utilising the conventional salt roast method will continue unaffected. Firm commitments received to raise A$2,000,000, with funds to be utilised to pursue integrated ESG processing technology studies, immediate commencement of the Steelpoortdrift Vanadium Project DFS (at completion of PFS) and to provide working capital.

The securities of Vanadium Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of VR8, pending the release of an announcement regarding a capital raise and the potential acquisition of an ESG process strategy.

The suspension of trading in the securities of Vanadium Resources Limited will be lifted immediately, following the release by VR8 of an announcement regarding a capital raising.

A$800,000 raised in placement, with $500,000 from investors introduced by VR8's vendor shareholders. Funds will enable the company to: pursue the strong interest shown by major industry participants in developing the Steelpoortdrift Vanadium Project and conduct downstream processing testwork to maximise competitive advantages. Corporate and administration costs reduced to maximise returns on strategic objectives.

The company requests the voluntary suspension remain in place until the company makes an announcement regarding a proposed capital raising, which it expects t omake by 14 November 2019.

The company requests the voluntary suspension remain in place until the company makes an announcement regarding a proposed capital raising, which it expects to make by 13 November 2019.

The company releases a letter to its option holders that their options to acquire VR8 shares at $0.054 per share will expire on 8 December 2019.

The company lodges its Quarterly Cashflow Report.

The company lodges its Quarterly Activities Report.

The securities of Vanadium Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of VR8, pending the release of an announcement regarding a capital raising.

name changed from Tando Resources Limited