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First Vanadium Announces $5,461,600 First Tranche Closing of Private Placement Financing

Thu, 06 May 2021 20:08:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - May 6, 2021) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") announces that it has closed the first tranche (the "First Tranche") of its non-brokered private placement (the "Offering") previously announced on April 15, 2021. Under the First Tranche, the Company has issued 13,654,000 units for gross proceeds of $5,461,600.

In connection with the First Tranche, the Company paid a total of $60,130 and issued a total of 150,325 non-transferable warrants as finder's fees. Each finder's warrant is exercisable for one common share at a price of $0.55 for three years.

Certain directors and officers of the Company (the "Insiders") participated in the First Tranche and purchased an aggregate of 375,000 units for aggregate gross proceeds of $150,000 (Paul Cowley, the Company's President, CEO and a director, purchased 250,000 units for $100,000, and John Anderson, a director of the Company, purchased 125,000 units for $50,000). Participation by Insiders in the private placement is considered a "related party transaction" pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Insiders' participation in the private placement in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that participation in the Offering by the Insiders did not exceed 25% of the fair market value of the Company's market capitalization. The Company did not file a material change report at least 21 days prior to the First Tranche closing of the Offering as participation of the Insiders had not been confirmed at that time.

All securities issued under the First Tranche are subject to a hold period expiring September 6, 2021, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.

ON BEHALF OF FIRST VANADIUM CORP.
per: "Paul Cowley"
Paul Cowley, CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Not for distribution to United States newswire services or for dissemination in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/83212

First Vanadium Announces up to $6,000,000 Private Placement Financing

Thu, 15 Apr 2021 13:15:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - April 15, 2021) - First Vanadium Corp. (TSXV: FVAN) (OTCQB: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") announces that it proposes to undertake a non-brokered private placement of up to 15,000,000 units (the "Units") at a price of $0.40/Unit to raise total gross proceeds of up to $6,000,000 (the "Offering"). Each Unit will be comprised of one common share and one-half (0.5) of one warrant. Each whole warrant will entitle the holder thereof to purchase one common share for a period of 3 years at a price of $0.55.

The gross proceeds received from the sale of the Units will be used for work programs on the Company's exploration properties and for general working capital.

The Company may pay finders' fees comprised of cash and/or non-transferable warrants in connection with the Offering, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the Offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

ON BEHALF OF FIRST VANADIUM CORP.
per: "Paul Cowley"
Paul Cowley, CEO & President
(604) 340-7711
[email protected]
www.firstvanadium.com

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability complete the proposed non-brokered private placement financing on the terms as described above. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Not for distribution to United States newswire services or for dissemination in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/80519

First Vanadium Identifies The Root System to Its Carlin-Type Gold System on the Carlin Gold Trend - Large and Untested

Mon, 15 Mar 2021 13:10:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - March 15, 2021) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to provide initial results from its Induced Polarization (IP) survey over the gold system on its Carlin Gold-Vanadium Property on the Carlin Gold Trend of Nevada. Dave Mathewson, Geological Advisor and Jim Wright, former Newmont senior geophysicist, have identified part of the large north-south oriented root system to the much larger sulfide plume related to the gold system by IP. The Company's IP survey to date demonstrates the large root system with a strike length of at least 1.2 kilometres (0.75 miles) long (north-south), up to 750 metres (2460 ft) wide (east-west) and >500 metres (>1640 ft) vertically. The root system is open-ended to the north and south and remains untested by drilling to date.

IP was largely used in the discovery of the Betze, Screamer, Rodeo, Griffin and Deep Star gold mines on the Carlin Gold Trend. Root systems of Carlin-type gold systems generally contain higher sulfide content (detected by IP) and higher-grade gold portions of Carlin systems.

Figure 1: Line 2 IP Chargeability Inverted Section - untested root system/Chargeability anomaly and RC20-01

Dave Mathewson states, "This is an exciting development. Our IP survey solidifies and advances our thinking significantly, forming a new stage of probability. Our drilling results coupled with the IP survey is a powerful combination of exploration tools to vector into the hot spots comprising the gold feeder zones of the system. The positive surprises from both drilling and IP demonstrate the system is bigger than anticipated and thus the significance of the system and the importance of smart vectoring tools in such a large system. The one exploration tool complements and enhances the other. The geology (rock type, breccias and depths) and extent and zonation of sulfides, multi-element mineralization and alteration found in drilling allowed for best design criteria to set-up the IP survey, a more reliable interpretation of the IP results and better vectoring into the more favourable portions of the root system. The IP now shows the overall size, shape and location of the root system and points to higher sulfide portions. I am very encouraged with these results and keen to test the root system with our next stage of sharpshoot drilling."

According to Jim Wright, geophysicist, the IP data quality is excellent with clear depth penetration in the order of 800 m (2625 ft), giving rise to a good solid moderate to strong chargeability anomaly, typical of abundant sulfides. Average chargeability amplitudes (a reflection of disseminated sulfide content) are in the 25-30 millisecond range. The current drilling which shows to be off the shoulder of the anomaly contains between 3-10% sulfides, therefore, the root system is interpreted to likely have much stronger sulfide content. For context, 3-10% sulfide content is strikingly similar to typical sulfide amounts within and around the major gold mines in the Carlin Trend. And, typically, the higher the sulfide content, the higher the gold values tend to be in the system. The IP survey also produced coincident strong resistivity lows likely caused by argillic alteration.

Figure 2: Line 3 IP Chargeability Inverted Section - note untested root system relative to RC20-05 and 06

Figures 1 and 2 are two of the east-west IP sideview cross-sections or Inverted sections, 400m apart, that demonstrate the core of the untested chargeability anomaly or root system with depth, and its proximity to drilling. The upper contact of the lower plate Rodeo Creek and Popovich units are interpreted from drill data. The anomaly coincides with Rodeo Creek and Popovich units. Rodeo Creek and Popovich units are the host rocks to the majority of the big, and also the compact high grade gold deposits and mines in the Carlin Trend.

Jim Wright has produced a 3D model of the open-ended lengthy anomaly from the three lines of IP collected to date (Line 2, 3 and 4). To best demonstrate the anomaly within Rodeo Creek rocks, a slice of the 3D model, 300m below the surface is draped over the surface in Figure 3 with the context of the 1.4km (0.9 miles) stretch of drilling and surface outcrops of gold to the south. Future IP lines will fill-in to the south and north on this figure, subsequently. This figure demonstrates the north-south length (>1.2km), width (up to 750m) and strength (moderate-strong) of the anomaly that is open-ended both north and south. Clearly, the root system has not been tested by drilling which test just east of the anomaly. The southern projection of the root system projects to surface exposures of gold-arsenic-mercury near holes RC20-02 and 03, giving support to the southern continuation of the root system. Holes RC20-02, 03 and 04 did not reach the desired depth.

Figure 3: IP Chargeability Level Plan 300m Below Surface - large root system/Chargeability Anomaly in orange

On February 2, 2021, management reported visual observations from the remaining 4 drill holes, RC20-04 through RC20-07, declaring "the target is evolving very nicely with many positive qualities of substance. Drilling to date has delivered proof of a gold system with widespread solid attributes, similar to deposits and mines on the Carlin Trend; favourable depth, rock host, size, and intensity and extent of brecciation, sulfides, pathfinder metallization, and alteration (silica and dolomite)." Dave Mathewson continues, "The expression of the system is very strong in the holes and very importantly, in the right set of rocks. There is no doubt these positive features reflect the proximity of these holes to the root system now known from the IP program. "

Assays and geochemical analyses have now been received for the remaining 4 holes. Reflecting proximity to the root system, all typical pathfinder elements used to define a Carlin gold system are strongly present in these holes; arsenic, antimony and mercury and to a lesser extent thallium, silver, barium and zinc. And, the zonations displayed from these pathfinder elements point favourably immediately westward towards the root system. Other pathfinder elements, such as calcium and magnesium are expressing substantial continuous dolomite alteration in holes RC20-02, 03, 04 and 07; hole RC20-04 has 320 m (1050 ft) of continuous dolomite altered rock. Holes RC20-05, 06 and 07 show a 100m (330 ft) long section of strong quartz-dolomite alteration focused either side of Rodeo Creek-Popovich contact.

Gold is found in mild levels (6-45 ppb Au) in all four holes in Woodruff, Rodeo Creek and Popovich units over extensive portions of each hole and correspond to collapse breccia sections. Between 35-55% of the entire hole length of RC20-01, 02, 05 and 06, and over 20% of the entire hole length of RC20-07 average 10 ppb Au, indicative of the edges of a large gold system. These lengthy elevated sections display a somewhat stratified shallow dipping lateral continuity between all seven holes completed to date. These same sections have corresponding elevations in arsenic (300-1550ppm), antimony (25-87ppm) and mercury (5-420ppm), demonstrating extensive fluid migration into the stratigraphy from the west (the root system).

Dave Mathewson states, "These rock units that we are drilling, Rodeo Creek and Popovich, are the best rocks along the Carlin Trend to host gold deposits and the system is strongly evident on our property from IP and drilling to date. We continue to gain a much clearer picture of the system and targeting. Additional IP lines will just add to the picture of the root system. Furthermore, I have seen in other deposits on the trend, dramatically improved gold values over short distances (50-100m), the closer in proximity one is to the main conduit or root system. Thus, we plan to trace these extensive elevated gold sections in our holes back to the root system for improved gold grades. I am very encouraged with these assay and geochemistry results and keen to test the root system with our next round of sharpshoot drilling."

About First Vanadium Corp.

First Vanadium has an option to earn a 100% interest in the Carlin Gold-Vanadium Project, 6 miles south from the town of Carlin, Nevada and Highway I-80. The Project lies in the Carlin Gold Trend. Approximately 9 million ounces comprised of multiple gold deposits, including past producing mines, are present near the FVAN property (5-15km). The Carlin Gold-Vanadium Project also hosts the Carlin Vanadium deposit.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"

CEO & President (778) 655-4311 [email protected] www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Dave Mathewson, a Qualified Person as defined by National Instrument 43-101, and Geological Advisor to the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, to finance and drill test the interpreted gold target model and to encounter potential gold zones shown in the gold model. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/77241

First Vanadium Reports Encouraging Visual Assessment from Latest Drilling on Its Gold Target on the Carlin Gold Trend, Nevada

Tue, 02 Feb 2021 14:50:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - February 2, 2021) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to provide visual observations from the four holes drilled in November and December into its gold target within the Carlin Vanadium-Gold Property on the Carlin Gold Trend of Nevada. Assays for the four holes, RC20-04 through RC20-07, will be reported promptly upon receipt.

Prior to analytical data and assay results, management is taking this opportunity to comment on what is known at this point:

Dave Mathewson states, "The target is evolving very nicely with many positive qualities of substance. Drilling to date has delivered proof of a gold system with widespread solid attributes, similar to deposits and mines in the Carlin Trend; favourable depth, rock host, size, and intensity and extent of brecciation, sulfides, pathfinder metallization, and alteration."

Rock Units: All 7 holes provide us with prospective rock units and geological framework; at surface is upper plate Woodruff rocks to an average depth of about 260m (850ft), followed by lower plate Rodeo Creek rocks to a vertical depth of approximately 490m (1600ft), followed by Popovich rocks. These are the host rocks, in particular Rodeo Creek and Popovich, to the majority of the big, and also the compact high grade gold deposits and mines in the Carlin Trend.

Sulfides: The amount of disseminated and veined pyrite in holes RC20-05 through -07 varies between 2 and 10 % within the Rodeo Creek and Popovich units (the Rodeo Creek in hole 4 was oxidized). This amount of sulfide not only signifies a large sulfide plume indicative of a large system, but is strikingly similar to typical amounts in the major mines in the Carlin Trend. It also means the geophysical IP program in progress will provide a vital picture of the size, shape and orientation of the system, including, prospectively, the important feeders to the system, a critical vectoring tool for subsequent drilling.

Collapse Breccia: There are more breccias in RC20-04 through -07 than in RC20-01. Approximately 65% of the Rodeo Creek and Popovich rocks cut in RC20-05 and -07 show collapse brecciation, and approximately 50% in RC20-06. Collapse breccias are a clear sign of decalcification leading to increased porosity for gold solutions to migrate into and mineralize the open spaces. Collapse breccias are a vital element to most of the large deposits in the Carlin Trend. The amount of brecciation in holes RC20-01 and RC20-04 through -07 is similar to deposits and mines in the Carlin Trend.

Silicification (quartz): Much of the Rodeo Creek rocks cut in RC20-01 and RC20-04 through -07 are significantly silicified, pervasively and veined; Popovich rocks cut in RC20-01 and RC20-05 through -07 are intensely and pervasively silicified.

Dolomite Alteration: There is dolomite and ferro-dolomite present within the Rodeo Creek and Popovich rocks in holes RC20-01, and RC20-04 through -07. Dolomite is a key alteration mineral both proximal to, and within the collapse breccia hosted Carlin Trend gold deposits.

Results from RC20-01 through -03, previously reported, define a Carlin-style gold system with dimensions of at least 500m vertically and 1.4kilometre long. The gold target opportunity was identified by renowned geologist and mine-finder Dave Mathewson, a former Newmont Regional Exploration Manager who is the Company's Geological Advisor and is the Qualified Person spearheading and supervising the gold drilling program.

Holes RC20-04 through -07 were drilled between RC20-01 and -02. Hole RC20-04, drilled eastward at a 55^o angle to a depth of 1100ft, is located 830m south of hole RC20-01. RC20-05, drilled eastward at a 75^o angle to a depth of 2240ft, is located 430m south of RC20-01. Hole RC20-06 is located from the same drill pad as RC20-05, drilling eastward to a depth of 2240ft but at a shallower angle of 60^o. Hole RC20-07, drilled eastward at a 60^o angle to a depth of 2500ft, is located 720m south of RC20-01.

The IP geophysical survey is progressing with 2 lines of a planned 6 lines completed to date over the square mile where drilling has been focused. IP results will be reported promptly upon receipt.

About First Vanadium Corp.

First Vanadium has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80. The Project lies in the Carlin Gold Trend. Approximately 9 million ounces comprised of multiple gold deposits, including past producing mines, are present near the FVAN property (5-15km). The Carlin Vanadium-Gold Project also hosts the Carlin Vanadium deposit.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Dave Mathewson, a Qualified Person as defined by National Instrument 43-101, and Geological Advisor to the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, to finance and drill test the interpreted gold target model and to encounter potential gold zones shown in the gold model. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/73446

First Vanadium Receives Exchange Acceptance of AVP Property Option Agreement, in Battle Mtn - Eureka Gold Trend, Nevada

Fri, 22 Jan 2021 20:45:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - January 22, 2021) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") Further to its press release of January 14, 2021, the Company is pleased to announce that it has now received TSX Venture Exchange acceptance of the property option agreement to acquire the AVP Property. As a result, it has made the initial option payment of US$25,000 and has issued 250,000 common shares to the owner of the property in accordance with the terms of the agreement. These shares are subject to a hold period expiring May 22, 2021, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

The AVP Property Option Agreement is with Dave Mathewson for a property he has held and planned to drill himself for a number of years in the Battle Mountain - Eureka Gold Trend. Mr. Mathewson is a renowned Nevada gold specialist and proven mine finder. The option on the AVP Property will further strengthen Dave Mathewson's position and engagement in First Vanadium Corp. with additional stock in the Company and will spearhead and supervise the exploration on both AVP Property and the Carlin Vanadium-Gold Project.

ON BEHALF OF FIRST VANADIUM CORP.
per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected] www.firstvanadium.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72641

First Vanadium Commences Geophysical Survey Over its Gold Target on the Carlin Gold Trend, Nevada

Tue, 19 Jan 2021 14:44:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - January 19, 2021) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that it has commenced the Induced Polarization (IP) geophysical survey over its identified gold system on the Carlin Vanadium-Gold Property on the Carlin Gold Trend of Nevada. The IP survey should scope out the size and configuration of the overall system and define higher sulfide concentration detailing within it. This is the first ever IP survey conducted over this compelling target.

IP identifies areas of higher concentrations of disseminated sulfides which in Carlin-type gold systems are commonly associated with higher grade gold areas. Disseminated sulfides, in amounts typical of Carlin gold systems, have been visually logged in all seven reverse circulation holes testing the gold system. This, along with the assays, once received from all seven drill holes, will provide further guidance to subsequent drilling and evaluation of the large system.

The survey will cover 1 square mile, over the area of our drilling to date, and has been designed by Dave Mathewson and Jim Wright of Wright Geophysics. Jim Wright is a former Newmont geophysicist who specializes in Carlin-type systems. The survey is designed to penetrate as deep as 2,000 feet, to provide signals within the lower plate Rodeo Creek and Popovich rocks. These are the same rocks hosting the large deposits in the Carlin trend such as Gold Quarry and Gold Strike. The survey is expected to take approximately 3 weeks with final results available shortly thereafter. Jim Wright will receive data from the contractor daily in order to monitor its progress closely and adjust as he recommendations, for local anomaly detailing, to get the most out of the survey.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.
per: "Paul Cowley"
CEO & President (778) 655-4311
[email protected]
www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Dave Mathewson, a Qualified Person as defined by National Instrument 43-101, and Geological Advisor to the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, to finance and drill test the gold system and encounter potential gold zones in the system. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72347

First Vanadium Options Gold Property from Mathewson in Battle Mtn - Eureka Gold Trend, Nevada

Thu, 14 Jan 2021 14:40:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - January 14, 2021) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that it is selectively strengthening its gold portfolio in Nevada by signing an Option Agreement exclusively with Dave Mathewson for a property he has held and planned to drill himself for a number of years in the Battle Mountain - Eureka Gold Trend. The option of the AVP Property will further strengthen Dave Mathewson's position and engagement in First Vanadium Corp. with additional stock in the Company and will spearhead and supervise the exploration on both AVP Property and the Carlin Vanadium-Gold Project.

Paul Cowley, President & CEO states, "We are very pleased to add this high-quality opportunity from Dave Mathewson who obviously has a proven eye for good gold prospects in Nevada. The terms are modest to manage, still allowing us to focus the bulk of our treasury on drilling the Carlin Vanadium-Gold Project. The Company plans to conduct a ground magnetics and gravity survey in early spring on AVP, followed by reverse circulation drilling in 5-10 holes in 1,500m (5,000ft) this summer. Drilling in the 1980's on AVP suggests mineralization remains open in almost all directions and according to Dave Mathewson, may represent the tip of the iceberg."

Mr. Mathewson is a renowned Nevada gold specialist and former Newmont Mining Corporation Regional Exploration Manager. Mr. Mathewson was instrumental in several significant gold discoveries in the Rain and Railroad Mining Districts in the southern portion of the Carlin Gold Trend. During the 1990's while at Newmont, Mr. Mathewson led the team which discovered the Tess, Northwest Rain, Saddle, and South Emigrant gold deposits in the Rain District, which total over 4 million ounces of gold. In 2009, he was a founder of Gold Standard Ventures Corp. (TSX: GSV) (NYSE: GSV) and served as its Vice President of Exploration until 2015. During this period, his exploration team discovered the North Bullion gold, Bald Mountain gold and copper, and Sylvania silver and copper deposits, as well as acquired the Pinion gold deposit, all in the Railroad District.

The AVP claim group, comprised of 40 unpatented lode claims, is located 23 kilometres southwest of Eureka, Nevada, within the southern extension of the Battle Mtn - Eureka Gold Trend and is specifically on the southern extension of the Cortez-Gold Bar Trend. The Battle Mtn - Eureka Gold Trend rivals the Carlin Gold Trend in gold production and prospectivity. Access around the entire AVP Property is easily obtained via existing roads and 2-track trails. The prospect area covers a 3.6 kilometre north-south stretch of the Mahogany range margin which exhibits silicified limestone but much is covered by a generally thin veneer of post-mineral gravel.

In the early 1980's, Bear Creek Exploration, the exploration arm of Kennecott, drilled 10 shallow (152m, 500ft) vertical holes in 9 sites over an area of about ½ square kilometre. Bedrock was encountered in all holes from depths of 12.2m (40ft) to a maximum of 126.5m (415ft). Four of the drill holes encountered favorable limestone host with significantly anomalous gold. One hole encountered 16.8m (55ft) of 0.5g/t Au (0.015ozAu/st), including 1.5m (5ft) of 1.23g/t Au (0.036ozAu/st). No follow-up drilling has been done since.

AVP Transaction

The Company has signed a five-year option agreement with Nevada Gold Ventures, LLC ("Nevada Gold"), exclusively owned by Dave Mathewson, whereby the Company has the option to acquire a 100% interest in the AVP Property by completing the following cash payments and share issuances to Nevada Gold and incurring the following exploration expenditures on the property:

a) On signing of an Option Agreement, pay US$25,000;
b) On receipt of approval from TSX Venture Exchange ("TSX-V"), issue 250,000 First Vanadium common shares;
c) On or before the first anniversary of TSX-V approval, spend US$250,000 in work commitments and issue an additional 250,000 common shares;
d) On or before the second anniversary of TSX-V approval, spend an additional US$250,000 in work commitments and issue an additional 250,000 common shares;
e) On or before the third anniversary of TSX-V approval, spend an additional US$250,000 in work commitments and issue an additional 250,000 common shares;
f) On or before the fourth anniversary of TSX-V approval, spend an additional US$250,000 in work commitments, issue an additional 500,000 common shares and pay US$25,000, and;
g) On or before the fifth anniversary of TSX-V approval, spend an additional US$1,000,000 in work commitments.

Nevada Gold will retain a 3% Net Smelter Return Royalty ("NSR") on any mineral products derived from the AVP Property. First Vanadium will have the right to purchase up to a 2% NSR for US$1.0 million for each 1% NSR prior to commencing commercial production, leaving Nevada Gold with a 1% NSR. The proposed transaction is subject to the acceptance of the TSX-V.

Property Location

To view an enhanced version of this graphic, please visit:
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About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Dave Mathewson, a Qualified Person as defined by National Instrument 43-101, and Geological Advisor to the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, to finance and drill test the interpreted gold target model and to encounter potential gold zones shown in the gold model . All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72071

First Vanadium Provides Drilling Update at Its Gold Target on the Carlin Gold Trend, Nevada

Tue, 22 Dec 2020 20:05:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - December 22, 2020) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to provide an update from the reverse circulation drill campaign on the north-south trending gold target corridor within the Carlin Vanadium-Gold Property on the Carlin Gold Trend of Nevada. The Company has just completed the seventh hole to a depth of 2500 feet. The drilling program will temporarily pause for the holidays and pending assay results, which are expected in January and February for the four holes completed in November and December (RC20-04 through RC20-07).

Results from RC20-01 through 03, previously reported, define a Carlin-style gold system with dimensions of at least 500 metres vertically and 1.4 kilometre in length. The gold target opportunity was conceptualized and now identified by renowned geologist and mine-finder Dave Mathewson, a former Newmont Regional Exploration Manager who is the Company's Geological Advisor and is the Qualified Person spearheading and supervising the gold drilling program.

Hole RC20-04, drilled eastward at a 55^o angle, is located 830m south of hole RC20-01. RC20-05, drilled eastward at a 75^o angle, is located 430m south of RC20-01. Hole RC20-06 is located from the same drill pad as RC20-05, drilling eastward but at a shallower angle of 60^o. Hole RC20-07, drilled eastward at a 65^o angle, is located 720m south of RC20-01.

Recent drilling continues to visually expand the size of the target zone, and high-grade gold zones representing feeder conduits to the system are being sought. The Company will continue to advance toward the discovery of high-grade zones by assessing incoming assays within the context of the broad zones of alteration that have been encountered within the drill holes. A geophysical Induced Polarization (IP) survey is scheduled in January. The IP survey will cover an area of 1 square mile and provide data as deep as 2,000 feet, into the lower plate rocks of Rodeo Creek Formation and the Popovich limestone. IP identifies areas of higher concentrations of disseminated sulfides which in Carlin-type gold systems are commonly associated with higher grade areas. This IP survey, along with the assays from all seven drill holes, will guide and optimize subsequent drilling to evaluate the large system.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Dave Mathewson, a Qualified Person as defined by National Instrument 43-101, and Geological Advisor to the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, to finance and drill test the interpreted gold target model and to encounter potential gold zones shown in the gold model. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/70857

First Vanadium Drilling Identifies Gold System Stretching 1.4km at Its Gold Target on the Carlin Gold Trend, Nevada; Drilling Ongoing

Mon, 30 Nov 2020 15:11:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - November 30, 2020) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to summarize results from drillholes RC20-02 and RC20-03 from the on-going first reverse circulation drill campaign on the north-south trending gold target corridor within the Carlin Vanadium-Gold Property on the Carlin Gold Trend of Nevada. Results from RC20-02 and RC20-03, 1.4 kilometres south from previously reported RC20-01, also display Carlin-style gold system alteration and metal signatures, interpreting the gold system to be in excess of 1.4 kilometres in length. The gold target opportunity was identified by renowned geologist and mine-finder Dave Mathewson, a former Newmont Regional Exploration Manager who is the Company's Geological Advisor and is the Qualified Person spearheading and supervising the gold drilling program.

Dave Mathewson states, "Results from RC20-01 and now RC20-02 and RC20-03 are providing some sense of dimensions to this large-scale Carlin-type gold system, early on. Hole RC20-01 shows a nearly 500m vertical dimension while holes RC20-02 and RC20-03 provide a 1.4 kilometre length. Drilling is on-going. In our efforts to vector to hot spots in the gold system, our current drilling campaign is progressing well, now on hole RC20-06."

On November 2, 2020, the Company announced results from its first reverse circulation drill hole, RC20-01, identifying the presence of a large-scale Carlin-type gold system at this location on the property. The hole exhibited 487m (1600ft) of favourable altered and mineralized lower plate rocks from 275m (900ft) depth, to the bottom of the hole at 762m (2500ft). Holes RC20-02 (vertical) and RC20-03 (-55^o eastward), from the same pad 1.4 kilometres south of RC20-01, were drilled on the bases of the north-south trending gold target corridor and presence of nearby gold values with associated arsenic and mercury pathfinder metals in surface exposures and previous shallow drilling. As reported November 2, 2020 holes RC20-02 and RC20-03 were abandoned at 1160ft and 820ft, respectively, due to artesian conditions, and failed to penetrate much of the more favorable lower plate Rodeo Creek and none of the upper Popovich target units as hole RC20-01 had. However, the holes did display Carlin-style gold system alteration and metal signatures within the upper plate rocks and uppermost lower plate of probable Rodeo Creek rocks in RC20-02, confirming the gold system to also be present at this location. Hole RC20-02 exhibited moderate dolomite alteration with pyrite from 61m (200ft) depth, to the bottom of the hole. There were elevations in gold, silver, arsenic, mercury and zinc. Nearly continuous weakly elevated gold values were encountered in the intervals 56.4-153.9m (185-505ft), 283.5-309.4m (930-1015ft) and 326.1-353.6m (1070-1160ft), generally with associated elevated arsenic values. These metal elevations were not, in comparison, encountered in the upper plate rocks in RC20-01, suggesting that perhaps the system may be stronger in this southern location. Hole RC20-03 showed similar elevations in alteration, sulfides and metals as in RC20-02. The Company is planning to deepen RC20-03 with diamond drilling during milder weather conditions so that artesian water can be better managed.

On-Going Drilling

The Company announced the continuation of the drilling campaign a mere 4 days following the RC20-01 announcement, with hole RC20-06 now in progress. Hole RC20-04, drilled eastward at a 55^o angle, is located 830m south of hole RC20-01. RC20-05, drilled eastward at a 75^o angle, is located 430m south of RC20-01. Hole RC20-06 is located from the same drill pad as RC20-05, drilling eastward but at a shallower angle of 60^o. Hole RC20-06 will thus add a third dimension and begin the vectoring process and improve the understanding of the architecture and width of the system. The drilling will apply Mr. Mathewson's gold model shown in the November 2, 2020 press release. Samples from holes RC20-04, 05 and a portion of 06 are in the ALS Global lab in Elko with results pending.

About First Vanadium Corp.

First Vanadium has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80. The Carlin Vanadium Project hosts the Carlin Vanadium deposit. A positive PEA on the vanadium resource was announced May 11, 2020.

Approximately 9 million ounces comprised of multiple gold deposits, including past producing mines, are present near the FVAN property (5-15km). The Gold Target on the FVAN property is supported by compelling science: a north-south structure with coincident gravity high and a 2km x 600m Carlin deposit-type hydrothermal alteration system (dolomite, gold, pathfinder metals, silicification) on FVAN property - all very typical of Carlin deposit-type plumbing system and gold deposits.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Dave Mathewson, a Qualified Person as defined by National Instrument 43-101, and Geological Advisor to the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, to finance and drill test the interpreted gold target model and to encounter potential gold zones shown in the gold model . All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/69173

First Vanadium Corp. Provides Update and Information on Annual General Meeting of Shareholders

Fri, 27 Nov 2020 18:16:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - November 27, 2020) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") announces that with respect to its annual general meeting (the "Meeting") of shareholders ("Shareholders") scheduled to take place on Thursday, December 10, 2020 in Vancouver, British Columbia, the Company is encouraging Shareholders and proxyholders not to attend the Meeting in person, particularly if they are experiencing any COVID-19 symptoms.

In order to comply with the Orders of the British Columbia Provincial Health Officer currently in effect related to the COVID-19 pandemic, and in response to the additional directives of the Provincial and Federal governments and health authorities, the Meeting will not be open to the public. Access to the Meeting will be limited to essential personnel and registered Shareholders and proxyholders entitled to attend and vote at the Meeting. There will be strict limitations on the number of persons permitted entry to the Meeting in order to ensure adherence to social distancing requirements. It will also be mandatory for all persons in attendance at the Meeting to wear a face mask/covering.

In order to minimize group sizes and respect social distancing regulations, all Shareholders are urged to vote on the matters before the Meeting by proxy which can be submitted electronically, by mail, or by phone as further described in the Company's management information circular dated October 30, 2020, by no later than 10:00 a.m. (Vancouver time) on December 8, 2020.

Given the current exceptional circumstances and the requirement to mitigate COVID-19 pandemic risks, there will be no management presentation at the Meeting, nor will there be a question and answer session with management.

As the situation regarding COVID-19 is rapidly evolving, the Company reserves the right to implement additional precautionary measures related to the Meeting if deemed appropriate.

The Company thanks its valued Shareholders and apologizes for any inconvenience caused as a result of the precautionary safety measures taken in respect of the Meeting.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, a Qualified Person as defined by National Instrument 43-101, and President, CEO and director of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, to finance and drill test the interpreted gold target model and to encounter potential gold zones shown in the gold model . All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/69105

First Vanadium Resumes Drilling on its Gold Target in the Carlin Gold Trend, Nevada

Fri, 06 Nov 2020 14:15:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - November 6, 2020) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that the Company has resumed reverse circulation drilling on its gold target below the vanadium resource on its Carlin Vanadium-Gold Property on the Carlin Gold Trend in Nevada. The gold target was identified by renowned geologist and mine-finder Dave Mathewson, a former Newmont Regional Exploration Manager who is the Company's Geological Advisor and is the Qualified Person spearheading and supervising the gold drilling program.

On November 2, 2020, the Company announced, that from its first reverse circulation drill hole, it had confirmed the presence of a large-scale Carlin-type gold system on the property. On the strength of those results, drilling has resumed with multiple holes planned, now shifting to assess the extent and intensity of the system and to begin vectoring towards its heart. The drilling will apply Mr. Mathewson's gold model shown in the November 2, 2020 press release.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected] www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, a Qualified Person as defined by National Instrument 43-101, and President, CEO and director of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, to finance and drill test the interpreted gold target model and to encounter potential gold zones shown in the gold model . All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67625

First Vanadium Identifies Large-Scale Carlin-Type Gold System with First Hole on its Property on the Carlin Gold Trend, Nevada

Mon, 02 Nov 2020 14:38:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - November 2, 2020) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce results from its first reverse circulation drill hole designed to provide an initial penetration into a potential gold target opportunity below the vanadium resource on its Carlin Vanadium-Gold Property on the Carlin Gold Trend in Nevada. The gold opportunity was identified by renowned geologist and mine-finder Dave Mathewson, a former Newmont Regional Exploration Manager who is the Company's Geological Advisor and is the Qualified Person spearheading and supervising the gold drilling program.

Dave Mathewson states, "With our very first hole we have drilled into a significant large-scale Carlin-type gold system at a reasonable depth, much like I have seen elsewhere in the Carlin Gold Trend. Typical Carlin-type deposit system geochemistry and alteration were encountered in this hole, indicated by gold (Au), arsenic (As), mercury (Hg), antimony (Sb), and thallium (Tl). This, along with other critical features including key rock formations, collapse brecciation and strong alteration (silica-pyrite+/-arsenopyrite-dolomite-realgar) make it potentially analogous to other important Carlin-type deposit systems such as Nevada Gold Mines' massive Gold Quarry deposit (13 miles to the northwest). Because of the significance of this first hole, we are immediately resuming reverse circulation drilling for the purpose of assessing the extent and strength of the system and to begin vectoring into hot spots within the system."

Highlights from RC20-01:

The highest levels of gold and associated pathfinder metals were in the best possible location, specifically the upper silicified, collapse brecciated lower plate Popovich Limestone. Dave Mathewson is encouraged by the gold numbers encountered, which are indicative of the fringes of a large-scale gold system.
The four principal elements for Carlin-type Gold deposits are 1) system, 2) host, 3) structure, and 4) depth. All four elements have been confirmed with RC20-01.
Very thick intervals of moderately to highly altered lower plate rock, locally containing significantly anomalous gold and associated Carlin-type deposit pathfinder elements start from the surface and continue to the bottom (TD) of the hole at 2500' (762m).
Upper plate Woodruff Formation was encountered, followed by lower plate Rodeo Creek Formation and Popovich Formation, the same rock units as at Gold Quarry and Gold Strike, along the Carlin Gold Trend. Rodeo Creek and Popovich units are the principal mineralized units at Gold Quarry and Gold Strike.
The depths of lower plate Rodeo Creek and Popovich hosts encountered are considered reasonable for Carlin-type gold deposits.
The structure considered responsible for localizing the alteration system on the Carlin Vanadium-Gold Property is a north-south-oriented corridor of alteration and faulting cutting through the property.

Today, the Company will post on its website www.firstvanadium.com a short video by the CEO and Dave Mathewson speaking on this news release.

A schematic cross-section follows of Mr. Mathewson's Carlin gold target model that he has used successfully to find Carlin-type deposits and modified with the information gained from RC20-01. According to his extensive experience in Carlin gold systems, Mr. Mathewson interprets and positions this hole relative to the potential gold zones that may exist on the property. This model will be used to direct further exploration drilling.

Theorized cross-section South Carlin Gold Target Model

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3372/67324_997d624284713bb9_002full.jpg

Details

RC20-01 started in upper plate Woodruff Formation, host of the vanadium deposit, encountering the Roberts Mountain Fault at about 975' (297m) depth. The Woodruff unit gradually became more silicified and pyrite-bearing with depth and had intermittent elevations in gold, arsenic and mercury.

Lower plate Rodeo Creek Formation was cut in RC20-01 from about 975' (297m) to 2025' (617m) depth. The unit was moderate to strongly silicified, pyrite+/- arsenopyrite-bearing and with moderate to strong consistent arsenic and mercury elevations, typical of Carlin-style gold systems, including secondary Fe-dolomite, decalcification and collapse brecciation. Eighty-five percent of the unit was elevated in gold between 5-146 ppb.

Highly altered Popovich limestone was cut in RC20-01 from 2025' (617m) to the end of the hole at 2500' (762m). This unit was very strongly silicified, pyrite+/-arsenopyrite-bearing and with moderate to strong consistent arsenic and mercury elevations and stronger longer sections of collapse brecciation and Fe-dolomite.

The Popovich limestone cut in RC20-01 was more consistently elevated in gold between 2050-2195' ((a 145' (44.2m) section) grading 0.16 g/t Au, including 2055'-2095' (626-639m) grading 0.3 g/t Au and 2165'-2190' (660-668m) grading 0.26 g/t Au. This mineralization is present in the best possible location, specifically the upper silicified, collapse brecciated lower plate Popovich Formation.

This first pass reverse circulation drill program consisted of two vertical holes spaced 4,593' (1,400m) apart along the projection of the north-south master structure. RC20-01 reached the planned depth of 2500' (762m). RC20-02 located 330' (100m) from silicified gold-bearing surface exposures with arsenic and mercury, reached a depth of 1160' (354m) where it was abandoned due to artesian conditions. Realgar and arsenopyrite were noted periodically from 450' (137m) to the bottom of RC20-02, with the last 15' (4.6m) exhibiting 20-80% realgar. Realgar and arsenopyrite minerals are typical in Carlin gold systems associated with gold. To reach the original intended target depth, RC20-03 was drilled from the same site as RC20-02 at a 60^o angle towards the gold-bearing silicified surface exposures. This hole also encountered artesian conditions and was abandoned at 840' (256m). Casing was left in the hole so that this hole could be deepened in the future. Assays for holes RC20-02 and RC20-03 are pending.

The drilling program has been supervised by Mr. Dave Mathewson, MSc., Geological Advisor for the Company and Qualified Person for the program. Industry standard quality control and quality assurance protocols have been followed in handling, sampling and shipping the chip. Samples were analyzed by ALS Global.

Drilling Resuming This Week

With the first pass drilling confirming that a large-scale Carlin style gold system is present on the property, the Company is immediately resuming reverse circulation drilling with the design to further assess the extent and strength of the system and to begin vectoring towards the heart of the system.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Dave Mathewson., a Qualified Person as defined by National Instrument 43-101, and Geological Advisor to the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, to finance and drill test the interpreted gold target model and to encounter potential gold zones shown in the gold model . All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67324

First Vanadium Adds $954,000 to Treasury Through Exercise of Warrants

Mon, 19 Oct 2020 13:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - October 19, 2020) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that in the past ten weeks, investors have exercised a total of 3,975,000 warrants to add $954,000 to the Company's treasury. As a result, ninety-nine percent of the warrants from the October 2017 private placement have been exercised.

The additional funds will be used to increase the number of drill holes into the Company's gold target on its property in the Carlin Gold Trend in Nevada (NR dated August 24, 2020).

In August and September, the Company conducted the first pass of reverse circulation drilling into the gold target under the supervision of Dave Mathewson. Two holes were 1.5 kilometres apart and designed to confirm rock units, depth of lower plate target rocks, and the presence of a gold system with associated hydrothermal alteration, according to the gold model envisioned and developed by Mr. Mathewson over the years of his exploring for, and finding Carlin gold style deposits. Assays are pending. Results for the first hole are anticipated in the next 2 weeks.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, and to finance and drill test the interpreted gold target. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66279

First Vanadium Commences Drilling on Gold Target on the Carlin Gold Trend, Nevada

Mon, 24 Aug 2020 13:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - August 24, 2020) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that drilling commenced, as planned, on August 19 on the gold target opportunity within the Company's property on the world renowned Carlin Gold Trend in Nevada. The gold target has been identified by Dave Mathewson, a former Newmont Regional Exploration Manager who is the Company's Geological Advisor and is the Qualified Person supervising the program. The first phase of drilling is planned to consist of 1,500 metres (5,000') of reverse circulation drilling in two holes with a single rig.

Gold Target Drill Program Highlights include:

Property located on the Carlin Gold Trend, tapping into the prolific Carlin Gold Trend gold plumbing system, the most productive gold belt in USA;
Approximately 9 million ounces comprised of multiple gold deposits, including past producing mines, are present near the FVAN property (5-15km);
Experienced team of successful senior professional people including Dave Mathewson, an Ex-Newmont Regional Manager, and founder and Ex-VP Exploration of Gold Standard Ventures, responsible for discovering six Carlin-style gold deposits near the FVAN property (5-10km);
Gold target supported by compelling science: primarily, favourable comparison with several gold deposit settings in the Rain and Railroad Mining Districts;
- Right kind of north-south (N/S) structure with an associated 2km x 600m Carlin deposit-type hydrothermal alteration system (dolomite, gold, pathfinder metals, silicification) on FVAN property - all very typical of Carlin deposit-type plumbing system and gold deposits
- Major N/S structure on FVAN property is subparallel to structures hosting many of the nearby Gold Standard Venture Railroad District deposits and Newmont's past producing Rain District Emigrant mine
- N/S Structure and alteration on FVAN property has similar gravity signature as nearby past-producing mines (Rain, Northwest Rain and Emigrant of Newmont)
Gold target defined by Dave Mathewson has not been drilled; all drilling to date has been to a depth of only about 60m, mainly for the vanadium resource; the gold target is within a lower stratigraphic unit below the vanadium resource on the same property; and,
Dave Mathewson to spearhead the gold opportunity drill testing; hole selection, logging, synthesis and further program design.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Dave Mathewson., a Qualified Person as defined by National Instrument 43-101, and Geological Advisor to the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, and to finance and drill test the interpreted gold target. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/62374

First Vanadium Lined Up for Drilling the Gold Target in Carlin Gold Trend, Nevada

Wed, 05 Aug 2020 19:36:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - August 5, 2020) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that all arrangements are in place for the drill to arrive on site for August 19^th to commence drilling the gold opportunity on the property in the Carlin Gold Trend in Nevada. The gold target has been identified by Dave Mathewson, a former Newmont Regional Exploration Manager.

Paul Cowley, President & CEO, states, "Dave Mathewson and I are well prepared and excited for the drilling to begin."

Property located on the Carlin Gold Trend, tapping into the prolific Carlin Gold Trend gold plumbing system, the most productive gold belt in USA
Approximately 9 million ounces of gold in multiple deposits and past producing mines near the FVAN property (5-15km)
Credible, successful senior professional people including Dave Mathewson, an Ex-Newmont Regional Manager, and founder and Ex-VP Exploration of Gold Standard Ventures, responsible for discovering six Carlin-style gold deposits near the FVAN property (5-10km)
Gold target supported by compelling science: primarily, favourable comparison with several gold deposit settings in the Rain/Railroad Mining district
- Right kind of structure (N/S) with an associated 2km x 600m alteration system (dolomite, gold, pathfinder metals, silicification) on FVAN property - all very typical for Carlin plumbing system and nearby gold deposits
- N/S structure on FVAN property is subparallel to structures hosting many of the nearby Gold Standard Venture deposits and Newmont's past producing Emigrant mine
- N/S Structure and alteration on FVAN property has similar gravity signature as nearby past-producing mines (Rain, Northwest Rain and Emigrant of Newmont)
Gold target defined by Dave Mathewson has not been drilled; all drilling to date has been to a depth of only about 60m, mainly for the vanadium resource; the gold target is within a lower stratigraphic unit below the vanadium resource on the same property
Dave Mathewson to spearhead the gold opportunity drill testing; hole selection, logging, synthesis and further program design

The Company also announces that, pursuant to the Company's 10% rolling stock option plan and in compliance with the policies of the TSX Venture Exchange, it has granted incentive stock options to certain directors, officers, and consultants of the Company to purchase up to an aggregate of 1,225,000 common shares of the Company. These options are exercisable for a period of 5 years at a price of $0.32 per share.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, and to finance and drill test the interpreted gold target. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/61146

First Vanadium Announces Closing of Over-Subscribed Private Placement - Awards Drill Contract

Fri, 10 Jul 2020 00:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - July 9, 2020) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") announces that it has completed the closing of its non-brokered private placement (the "Offering") previously announced on June 18, 2020 and increased on June 26, 2020. The Company has issued 10,666,667 units for gross proceeds of $1,600,000. All securities issued are subject to a four month hold period expiring November 10, 2020, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

Insiders of the Company purchased a total of 100,000 units under the private placement, which is considered a related party transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(a), respectively, of MI 61-101 in respect of such insider participation. No new insiders and no control persons were created in connection with the private placement.

In connection with the private placement, the Company paid cash finder's fees totaling $13,072.50 and 87,150 non-transferable warrants. The warrants otherwise have the same terms as the unit warrants in that each is exercisable for a common share at a price of $0.26 for three years. These securities are also subject to a four month hold period expiring November 10, 2020, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

The Company has also awarded the drill contract to drill-test the gold opportunity on the Carlin Vanadium Project.

Paul Cowley, the Company's CEO, stated: "We are very pleased with the interest and positive market response for our private placement. Most of the capital will be used tactically to drill-test this exciting target, guided by a proven mine finder, Dave Mathewson. We are moving decisively on the drill program by today awarding the drill contract and for drilling to commence next month."

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 as amended (1933 Act), or any state securities laws, and may not be offered or sold within the United States or to, or for account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About First Vanadium Corp.

First Vanadium has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada on Highway I-80. The Company announced the completion of a Preliminary Economic Assessment on the Project on May 11, 2020 and filed its Technical Report June 25, 2020.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]

www.firstvanadium.com

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59511

First Vanadium Increases Private Placement to $1,600,000

Fri, 26 Jun 2020 13:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - June 26, 2020) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that it is over-subscribed for its non-brokered private placement, previously announced June 18, 2020. Accordingly, the Company will be increasing its private placement such that it now proposes to sell and issue up to 10,666,667 units at a price of $0.15 per unit for gross proceeds of up to $1,600,000. Each unit will be comprised of one common share and one warrant. Each warrant will be exercisable into one common share for a period of three years at an exercise price of $0.26 per share.

The proceeds of the private placement will be used to carry out technical work principally for drilling the gold opportunity on the Company's Carlin Vanadium Project and to a lesser degree for general working capital. The Company may pay a finder's fee of cash, shares or finders warrants, to eligible persons, in compliance with applicable securities laws and exchange policies. This financing is subject to TSXV approval.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

This news release contains forward-looking statements respecting the Company's ability to successfully complete the Offering. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements, including the inability of the Company to successfully complete the Offering. These uncertainties and risks include, but are not limited to, the strength of the capital markets, the price of gold; operational, funding, and liquidity risks. Risks and uncertainties about the Company's business are more fully discussed in the company's disclosure materials filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. The Company assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/58629

First Vanadium Files Preliminary Economic Assessment for the Carlin Vanadium Project in Nevada

Thu, 25 Jun 2020 22:15:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - June 25, 2020) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") announces the filing of a technical report prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101") regarding the Preliminary Economic Assessment (PEA) for the Company's Carlin Vanadium Project located 6 miles south from the town of Carlin, Nevada in the United States. The PEA demonstrates positive economics for a large-scale open pit mining operation, with 16 years of Vanadium production and 4 additional years of acid/power sales.

The PEA is available under the Company's profile on SEDAR at www.sedar.com. First Vanadium's news release dated May 11, 2020, summarizes the assumptions and key results contained in the PEA.

Qualified Persons and NI 43-101 Disclosure

The preliminary economic assessment is preliminary in nature, and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

The PEA was prepared by Wood Canada Limited and SRK Consulting (U.S.), Inc., in accordance with the Canadian securities regulatory requirements set out in National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101"). The PEA and this news release has been reviewed and approved by: Dr. Bart Stryhas, CPG (SRK), Alan Drake, Eng.L. (Wood), Paul Baluch, P.Eng. (Wood), Antonio Peralta Romero, P.Eng. (Wood), Susana Gonzales, P.Eng. (Wood), Steven Truby, P.Eng. (Wood) and Greg Gosson, P.Geo. (Wood). All are independent Qualified Persons ("QP") as defined under NI 43-101.

About First Vanadium Corp.

First Vanadium has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80.

ON BEHALF OF FIRST VANADIUM CORP.
per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, for the project economics described herein to be realized, ability to obtain permits, that metallurgical samples may not be representative and stated recoveries may not be achievable, that the mine design is at a conceptual level and costs may change with additional design and engineering inputs. The metal price of V2O5 utilised in the study is based on market analyses by Roskill in 2018 and 2019 and a limited number of recent project studies. The assumed metal price is in the middle range of these projections. It is higher than the current market price. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/58612

First Vanadium Announces Private Placement of Up to $1,500,000

Thu, 18 Jun 2020 20:29:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - June 18, 2020) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce a non-brokered private placement of up to 10,000,000 units at a price of $0.15 per unit for gross proceeds of up to $1,500,000. Each unit will be comprised of one common share and one warrant. Each warrant will be exercisable into one common share for a period of three years at an exercise price of $0.26 per share.

About First Vanadium Corp.

First Vanadium has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada on Highway I-80. The Carlin Vanadium Project hosts the Carlin Vanadium deposit, which is flat to shallow dipping and at shallow depths with strike length of approximately 1,800 metres, width averaging 600 metres and thickness ranging from 15 metres to 50 metres. The Company announced the completion of a Preliminary Economic Assessment on the Project on May 11, 2020.

ON BEHALF OF FIRST VANADIUM CORP.
per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]

www.firstvanadium.com

Forward-looking information

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/58166

First Vanadium Seeks Tenders to Drill Gold Target in Carlin Gold Trend, Nevada

Wed, 27 May 2020 13:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - May 27, 2020) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that it is seeking tenders to drill its gold target in the Carlin Gold Trend in Nevada later this summer. The gold target has been identified by Dave Mathewson, a former Newmont Regional Exploration Manager.

Key elements of the Carlin-style high-grade gold target are the location, people and supporting science:

Property located on the Carlin Gold Trend, tapping into the prolific Carlin Gold Trend gold plumbing system, the most productive gold belt in USA
Approximately 9 million ounces of gold in multiple deposits and past producing mines near the FVAN property (5-15km)
Credible, successful senior professional people including Dave Mathewson, an Ex-Newmont Regional Manager, and founder and Ex-VP Exploration of Gold Standard Ventures, responsible for discovering six Carlin-style gold deposits near the FVAN property (5-10km)
Gold target supported by compelling science: primarily, favourable comparison with several gold deposit settings in the Rain/Railroad Mining district
- Right kind of structure (N/S) with an associated 2km x 600m alteration system (dolomite, gold, pathfinder metals, silicification) on FVAN property - all very typical for Carlin plumbing system and nearby gold deposits
- N/S structure on FVAN property is subparallel to structures hosting many of the nearby Gold Standard Venture deposits and Newmont's past producing Emigrant mine
- N/S Structure and alteration on FVAN property has similar gravity signature as nearby past-producing mines (Rain, Northwest Rain and Emigrant of Newmont)
Gold target defined by Dave Mathewson has not been drilled; all drilling to date has been to a depth of only about 60m, mainly for the vanadium resource; the gold target is within a lower stratigraphic unit below the vanadium resource on the same property
Dave Mathewson to spearhead the gold opportunity drill testing; hole selection, logging, synthesis; two stages of drilling planned this year

Paul Cowley, President & CEO states, "We are now ramping up our planning to drill test this exciting target, guided by a proven mine finder, Dave Mathewson."

The accompanying figure graphically shows many of the supporting features of the target on the property within the southern portion of the Carlin Gold Trend. The figure on the left is the regional structural interpretation by Mr. Mathewson showing north-south and west-northwest trending structures. Many gold mines and deposits fall along the identified structures such as with the Emigrant mine, North Bullion and Pinion deposits and the string of deposits/mines along the Rain fault (Rain, Northwest Rain, Tess, Saddle). The figure to the right, at the same scale, shows those same structures, mines and deposits, superimposed on a regional gravity map. The coincidence of the linear gravity highs (red/purple colours) with these structures that host gold mines/deposits are clearly evident. The north trending structure that cuts through the Carlin Vanadium Property also demonstrates a similar coincident gravity high in the figure.

Image 1: Structural interpretation and gravity maps

To view an enhanced version of Image 1, please visit:
https://orders.newsfilecorp.com/files/3372/56616_figure%201.jpg

Mr. Mathewson is a former Newmont Mining Corporation Regional Exploration Manager. Mr. Mathewson was instrumental in several significant gold discoveries in the Rain and Railroad Mining Districts in the southern portion of the Carlin Gold Trend, where the Carlin Vanadium Project is located. During the early 1990's while at Newmont, Mr. Mathewson led the team which discovered the Tess, Northwest Rain, Saddle, and South Emigrant gold deposits in the Rain District, which total over 4 million ounces of gold. In 2009, he was a founder of Gold Standard Ventures Corp. (GSV-TSX and NYSE) and served as its Vice President of Exploration until 2015. During this period, his exploration team discovered the North Bullion gold and Bald Mountain gold/ copper deposits, as well as acquired the Pinion gold deposit, all in the Railroad District.

ON BEHALF OF FIRST VANADIUM CORP.
per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, and to finance and drill test the interpreted gold target. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/56616

First Vanadium Announces Positive Preliminary Economic Assessment for the Carlin Vanadium Project in Nevada

Mon, 11 May 2020 14:30:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - May 11, 2020) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") announces positive results on its Preliminary Economic Assessment (PEA) for the Company's Carlin Vanadium Project located 6 miles south from the town of Carlin, Nevada in the United States. The PEA has been prepared by independent consultant Wood Canada Limited (Wood) in accordance with National Instrument 43-101. The PEA is based on the Mineral Resource Estimate outlined in the Company's Technical Report dated April 9, 2019. The PEA demonstrates positive economics for a large-scale open pit mining operation, with 16 years of Vanadium production and 4 additional years of acid/power sales.

Paul Cowley, President and Chief Executive Officer, said, "The PEA crystalizes potential economics for the Company's vanadium asset and provides for design options and enhancement opportunities. Unit Operating costs averaging US$4.81/lb V₂O₅ in the first 10 years and US$5.17/lb V₂O₅ over Life of Mine are of significant note, and in the range of lower quartile operating costs of vanadium producers. We can see numerous opportunities to lower both Capex and Opex to benefit the vanadium asset which we will act upon to advance the project."

"With a positive PEA, the Carlin Vanadium Project becomes an even more important resource of a critical and strategic metal essential to protecting US national interests, particularly as the US looks towards vital future domestic sources of strategic metals which includes vanadium."

Paul Cowley continues, "In addition, the benefit of having both vanadium and a separate gold opportunity on the same property located within the world-famous Carlin Gold Trend is unique, broadens our opportunities and is another of our many strengths. With our goal to maximize on all our high-quality opportunities to enhance value for our shareholders, it is now time to bring our exceptional gold opportunity to the forefront with the aim to drill-test this summer. This drill program will be led by Ex-Newmont Regional Manager and proven mine-finder, Dave Mathewson who has found 6 gold deposits within 3-9 miles of the property."

PEA Highlights (US$ unless otherwise noted):

Life of mine (LOM) of 11 years of mining plus 5 years of stockpile feed, with 1.0 million tons annually of process plant feed at an average grade of 0.71% V₂O₅ and average process recovery rates of 78%, resulting in an annual average payable production of 11 million pounds of V₂O₅ flake
Project includes a 4 year extension post-mineral processing of stockpiles, selling sulfuric acid and energy exclusively from acid plant
Total payable production: 180 million pounds of V₂O₅ flake
LOM average cash operating cost per payable V₂O₅ pound: US$5.17/lb V₂O₅; US$4.81/lb V₂O₅ over the first 10 years
Pre-Production capital requirements: US$535 million
Undiscounted cash flow Pre-tax: US$356 million, Undiscounted cash flow After-tax: US$301 million
Pre-tax NPV (6%): US$56 million, After-tax NPV (6%): US$29 million
Pre-tax IRR: 7.9%, After-tax IRR: 7.0%
Pre-tax Payback period: 7.5 years, After-tax Payback period: 7.7 years
Assumed metal price of US$10.65/lb V₂O₅
Potential for up to 230 jobs at the peak of production

PEA Summary Results

The PEA parameters are summarized in Table 1. All currency is stated as US$ unless stated otherwise.

Table 1: PEA Summary Parameters

Assumptions
Vanadium Price (Base case) US$/lb V₂O₅	$10.65
Production Profile
Total Tons (millions) Oxide Processed	9.33
Total Tons (millions) Non-Oxide Processed	7.04
Process Plant Oxide Head Grade (% V₂O₅)	0.65
Process Plant Non-Oxide Head Grade (% V₂O₅)	0.79
Mine Life (years)	16
Project Life (years) - Years 17-20 only selling Sulfuric Acid and Energy from Acid Plant	20
Annual average process plant throughput (Mtpy)	1.02
Vanadium Process Plant Oxide Recovery	78.6%
Vanadium Process Plant Non-Oxide Recovery	77.4%
Total Payable Vanadium (V₂O₅) Million Pounds	181.69
Average annual Vanadium (V₂O₅) Production Million Pounds	11.40
Operating Costs
Unit Operating Costs (per ton processed)	$56.79
Average Mining Costs (per ton)	$2.30
Processing Costs (per ton Oxides)	$27.59
Processing Costs (per ton Non-Oxide)	$43.94
G&A (per ton processed)	$2.01
LOM Average Cash Cost US$/lb V₂O₅	$5.17
Capital Requirements
Pre-Production Capital Cost (millions)	$535
Sustaining Capital Cost (Life of Mine) Excluding Salvage	$64.7
Royalty and Option Exercise (millions) - (Included in Pre-Production Capital Cost)	$5.9
Taxes
Taxes (millions)	$78
Project Economics
Pre-Tax
NPV (millions) (6% Discount Rate)	$56
IRR (%)	7.9%
Payback (years)	7.5
Cumulative Undiscounted Cash Flows (millions)	$356
After-Tax
NPV (millions) (6% Discount Rate)	$29
IRR (%)	7.0%
Payback (years)	7.7
Cumulative Undiscounted Cash Flows (millions)	$301

Project Summary

The Carlin Vanadium Project is located 6 miles south of the town of Carlin, Nevada, and within the Carlin Gold Trend, Nevada's most prolific gold mining trend, dominated by Barrick and Newmont. The project possesses strong infrastructure being only 6 miles by road to a major highway, rail hub, power and skilled mining work force. The project is a near surface primary vanadium resource hosted in black shale, the largest highest-grade resource of its kind in North America.

Mining

The mine design is based on two objectives; firstly, to mine the highest grade in the oxides, followed by non-oxides, and secondly, once the whole deposit is mined, tailings produced by feeding the stockpiles would be stored in the pit. A drill, blast, load, and haul profile has been built into the model at an average cost of US$$2.30/ton, however, it may be possible that some of this material can be mined without drilling or blasting. This will be determined in subsequent studies. A total of 69 million tons of material will be mined over the 11-year life of the open pit, mined in phases. Maximum material moved in any one year will be 7 million tons. Nine million tons of oxide and seven million tons of non-oxide material with an average strip ratio of 3.22:1 will be moved over the life of the pit. The overall grade of the mined resource will be 0.71% V₂O₅ and will include a 6 million ton lower grade stockpile that will be processed when the pit is complete in years 12 to 16.

Metallurgy and Processing

The process plant is designed to produce V₂O₅ as a saleable product from two distinct material types that make-up the resource, oxide and non-oxide shales, using conventional equipment and conventional beneficiation and hydrometallurgical techniques. The Run-Of-Mine (ROM) oxide feed from the mine is attrition scrubbed and classified to produce an oxide concentrate. The Run-Of-Mine (ROM) non-oxide feed from the mine is crushed, ground, attrition scrubbed/classified and floated to produce a non-oxide concentrate. Both concentrates follow steps of acidulation, pressure oxidation, impurity removal, vanadium solvent extraction and precipitation as ammonium metavanadate (AMV). Finally, AMV is calcined to form V₂O₅ product. The overall recovery of V₂O₅ through the process flowsheet for oxide material is estimated at 78.6%. The overall recovery of V₂O₅ for non-oxide material is estimated at 77.4%.

Project Economics and Sensitivities

The economic results of the PEA are summarized in Table 2 on an after-tax basis. The sensitivities and the impact of cash flows have been calculated up to +/- 45% variations against the base case. Project economics include a 4 year post mineral processing extension, when only the acid plant is operating and producing sulfuric acid and energy for sale, which generate a contribution to the after-tax project economics of US$40 million to the cashflow and US$12 million to the NPV@6%.

Table 2: Project Economics After Tax - Sensitivity.

V2O5 Price Sensitivity
		-45%	-30%		-15%		Base Case		15%	30%	45%
US$/lb V₂O₅		5.86	7.46		9.05		10.65		12.25	13.85	15.44
Cashflow After Tax	US$M	(507)	(222)		57		301		543	783	1,020
NPV@6% After Tax - Base Case	US$M	(457)	(286)		(121)		29		174	316	457
NPV@8% After Tax	US$M	(442)	(296)		(154)		(25)		100	222	343
IRR	%	0.00%	0.00%		1.43%		7.02%		11.71%	15.85%	19.63%
Capital Cost Sensitivity
		-45%		-30%		-15%		Base Case	15%	30%	45%
Cashflow After Tax	US$M	538		459		379		301	226	150	60
NPV@6% After Tax - Base Case	US$M	243		172		101		29	(42)	(115)	(194)
NPV@8% After Tax	US$M	183		114		45		(25)	(94)	(166)	(241)
IRR	%	19.71%		14.03%		10.03%		7.02%	4.69%	2.78%	1.02%

Operating Cost Sensitivity
		-45%	-30%	-15%	Base Case	15%	30%	45%
Cashflow After Tax	US$M	636	527	415	301	187	65	(68)
NPV@6% After Tax - Base Case	US$M	224	160	95	29	(38)	(110)	(186)
NPV@8% After Tax	US$M	141	87	32	(25)	(82)	(143)	(208)
IRR	%	13.04%	11.19%	9.21%	7.02%	4.61%	1.72%	0.00%

Further Project Enhancement Opportunities

The Company believes that there are numerous opportunities to enhance the Carlin Vanadium Project further through:

Expanding and defining, by drilling, additional oxide mineralization to the northwest end of the deposit, and additional non-oxide mineralization to the east and west of the deposit, all to the Indicated category thereby extending the processing period of high-grade resources beyond year 12 and deferring the processing of lower grade stockpiles;
More detailed process test work, engineering and project definition may reduce capital costs or contingencies;

Further testing of higher efficiency centrifuge separation that could reduce mass pull in pre-concentration stage and thereby reduce operating costs and improve recoveries;
Further testing of alternative technologies in solid-liquid separation to potentially reduce the size of the tailing facility, and IX and SX plants and thereby potentially reducing capital costs; and;

The PEA will make recommendations to enhance and advance the vanadium project, as a phased work approach to completing a Pre-Feasibility study, which would update the Project study to a higher level of precision.

Mineral Resource

The pit constrained Mineral Resource Estimate which formed the basis of the PEA, is set out in Table 3.

Table 3: Pit Constrained Mineral Resource Estimate for Carlin Vanadium Project- Effective January 31, 2019.

Classification	Cut-off (% V₂O₅)	Grade (% V₂O₅)	Tons (M)	V₂O₅ lb (M)
Indicated	0.3	0.615	24.64	303
Inferred	0.3	0.520	7.19	75

Mineral Resources are not Mineral Reserves. Mineral resources which are not mineral reserves do not have demonstrated economic viability. There has been insufficient exploration to define the Inferred Resources tabulated above as an Indicated or Measured Mineral Resource. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future.
The Mineral Resources in this estimate were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Definition Standards for Mineral Resources and Mineral Reserves (May 10, 2014), and Best Practice Guidelines adopted by CIM Council.
The mineral resources listed in Table 14-4 are confined within a Whittle Pit Shell with a 45⁰ pit slope and a strip ratio of 2.6:1 including all categories. The following parameters were used to construct the Whittle pit shell and to derive the mineral resource cut-off grade of 0.3% V₂O₅: Metal prices: US$12.50/lb V₂O₅ flake, Mining: US$2.50/t, Processing: US$52.50/t, G&A: US$1.50/t, Product Transport: $2.00/t, Process Recovery: 85%.
Contained pounds may not add due to rounding.

Qualified Persons and NI 43-101 Disclosure

The results of the PEA in this news release were prepared by Wood Canada Limited and SRK Consulting (U.S.), Inc., in accordance with the Canadian securities regulatory requirements set out in National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101"), and has been reviewed and approved by, as it relates to geology, sampling, drilling, exploration, QAQC and mineral resources: Dr. Bart Stryhas, CPG (SRK); as it relates to metallurgy, processing, plant Capex and Opex: Alan Drake, Eng.L. (Wood); as it relates to infrastructure: Paul Baluch, P.Eng. (Wood); as it relates to mine planning: Antonio Peralta Romero, P.Eng. (Wood); and as it relates to financial modelling and economic analysis: Susana Gonzales, P.Eng. (Wood). All are independent Qualified Persons ("QP"), as defined under NI 43-101.

Within 45 days from the date of this news release, the Company will file the PEA Technical Report on SEDAR.

The scientific and technical content in this news release that is not derived from the technical report has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company. This includes comments on the project's comparative cash operating cost.

About First Vanadium Corp.

First Vanadium has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, for the project economics described herein to be realized, ability to obtain permits, that metallurgical samples may not be representative and stated recoveries may not be achievable, that the mine design is at a conceptual level and costs may change with additional design and engineering inputs. The metal price of V2O5 utilised in the study is based on market analyses by Roskill in 2018 and 2019 and a limited number of recent project studies. The assumed metal price is in the middle range of these projections. It is higher than the current market price. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/55667

First Vanadium Provides Compelling Gravity Map for Its Newly Identified Gold Target on the Carlin Vanadium Project, Nevada

Tue, 17 Dec 2019 22:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - December 17, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to provide a regional gravity survey as support for the high-grade gold target identified by Dave Mathewson and announced November 12, 2019 on its Carlin Vanadium Project, 6 miles south of Carlin, Nevada. Many north-central Nevada Carlin-type gold mines and deposits are associated with gravity highs. Because of this, gravity surveys (a geophysical technique) have proven to be a paramount targeting tool for gold deposits in Nevada.

The association of gravity highs with gold mines and deposits is visually striking in the accompanying figures encompassing the vicinity of the Carlin Vanadium Property, within the southern portion of the Carlin Gold Trend. The figure on the left is the regional structural interpretation by Mr. Mathewson showing north-south and west-northwest trending structures. Many gold mines and deposits fall along the identified structures such as with the Emigrant mine, North Bullion and Pinion deposits and the string of deposits/mines along the Rain fault (Rain, Tess, Saddle). The figure to the right, at the same scale, shows those same structures, mines and deposits, superimposed on a regional gravity map. What becomes very evident is the coincidence of the linear gravity high (red/purple colours) with these structures that host gold mines/deposits. The 9-mile north trending structure that cuts through the Carlin Vanadium Property also demonstrates a similar coincident gravity high in the figures. The Company's Carlin Vanadium Project covers 2 miles of the 9-mile long structure.

Image 1: Structural interpretation and gravity maps

To view an enhanced version of Image 1, please visit:
https://orders.newsfilecorp.com/files/3372/50846_firstvan.jpg

Mr. Dave Mathewson, renowned Carlin Gold Trend specialist and geological advisor to First Vanadium, interpreted the Carlin-style high-grade gold target at depth on the Carlin Vanadium Project (see news release dated November 12, 2019) based on a number of factors; his familiarity with the area, structure, regional gravity data, and mineralized and altered rock exposures and intercepts from drilling along the 9 mile trend.

Paul Cowley, President & CEO, states, "Collectively these supporting features made a sound story but the convincing factor for Mr. Mathewson was the coincidental gravity anomaly. While the Company remains focused on advancing its vanadium resource through the completion of the ongoing Preliminary Economic Assessment (PEA), management sees this compelling gold target as a valuable augment and is currently exploring several options to advance it, including by strategic JV partners, while advancing its vanadium resource."

Mr. Mathewson is a former Newmont Mining Corporation Regional Exploration Manager. Mr. Mathewson was instrumental in several significant gold discoveries in the Rain and Railroad Mining Districts in the southern portion of the Carlin Gold Trend, where the Carlin Vanadium Project is located. During the 1990's while at Newmont, Mr. Mathewson led the team which discovered the Tess, Northwest Rain, Saddle, and South Emigrant gold deposits in the Rain District, which total over 4 million ounces of gold. In 2009, he was a founder of Gold Standard Ventures Corp. (GSV-TSX and NYSE) and served as its Vice President of Exploration until 2015. During this period, his exploration team discovered the North Bullion gold and Bald Mountain gold/ copper deposits, as well as acquired the Pinion gold deposit, all in the Railroad District.

About First Vanadium Corp.

First Vanadium has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80. The Carlin Vanadium Project hosts the Carlin Vanadium deposit, which is flat to shallow dipping and at shallow depths with strike length of approximately 1,800 metres, width averaging 600 metres and thickness ranging from 15 metres to 50 metres.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, and to drill test the interpreted gold target. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/50846

First Vanadium Announces Board Changes

Sat, 23 Nov 2019 07:39:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - November 22, 2019) - First Vanadium Corp. (TSX-V: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") announces today the resignation of Mr. Frederick Sveinson as a director effective immediately due to personal health issues. Mr. Sveinson has been a director of the Company since its inception in 2006 and has been an instrumental contributor in advancing the Company and its projects over the years. "On behalf of the Board of the Company, I would like to thank Fred for his invaluable efforts, dedication and contributions over the years", said Paul Cowley, CEO, President and a director of the Company.

The Company also announces that Mr. Michael Mracek, P.Eng., has been appointed to its Board of Directors effective immediately. Mr. Mracek has been a member of the Company's Advisory Board since April 2017, providing consulting services as a senior mining advisor to the Board as the Company advances its Carlin Vanadium Project. Mr. Mracek is a seasoned senior operations professional mining engineer registered in the provinces of Ontario and British Columbia. A graduate of the University of Saskatchewan in 1970, he spent his summers working underground at Eldorado, United Keno Hill, and Placer's Craigmont sublevel caving operation. He moved to Thompson, Manitoba in 1970 where he spent 10 years with Inco, learning his craft from the bottom up. In the 1980's, he moved on to Dickenson, Amok Cluff Mining, and Terra Mines becoming a Chief Engineer, Mine Superintendent, and finally Mine Manager. In 1990 he moved to Timmins where he spent 5 years for Royal Oak as General Manager at several mines including: Pamour, Hope Brook, and Colomac. Commencing in 1996, spent 11 years overseas where he worked in Ghana, Armenia, and Tanzania for Ashanti Goldfields, Sterlite Gold, and Barrick Gold in various capacities including VP and General Manager. He returned to Canada as Chief Operating Officer for Tournigan Gold before returning to Ghana as VP and General Manager of Golden Star's Wassa operation. Since 2011, he has provided consulting services through Mracek Consulting, working for major consulting firms, including SRK and SNC-Lavalin, advising on various studies, including feasibility studies. The Company is very pleased to have Mr. Mracek join the Board with his skill set.

About First Vanadium Corp.
First Vanadium has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada on Highway I-80. The Carlin Vanadium Project hosts the Carlin Vanadium deposit, which is flat to shallow dipping and at shallow depths with strike length of approximately 1,800 metres, width averaging 600 metres and thickness ranging from 15 metres to 50 metres. The Company announced its maiden resource February 27, 2019.

ON BEHALF OF FIRST VANADIUM CORP.
per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

Forward-looking information
Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/50017

First Vanadium Appoints Carlin Gold Specialist and Former Newmont Exploration Manager, Dave Mathewson to Advisory Board

Thu, 21 Nov 2019 22:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - November 21, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") continues to seek high calibre people to augment its team to advance the Carlin Vanadium Project, located six miles south of Carlin, Nevada. We are pleased to announce the appointment of Dave Mathewson to our Advisory Board. Recently Mr. Mathewson was engaged to assess the gold potential on the Company's Carlin Vanadium Project, as it is strategically located within the prolific Carlin Gold Trend of Nevada. The Company announced his findings (see news release dated November 12, 2019) of an interpreted Carlin-style high-grade gold target at depth on the Company's property. The quality and significance of this exciting gold target has compelled Mr. Mathewson to join the Company's Board of Advisors and assist in the ongoing advancement of this substantial exploration opportunity.

Paul Cowley, President & CEO, stated, "I am pleased to welcome Dave Mathewson to the Advisory Board, where we will benefit from his 35 years of conducting and managing gold exploration in Nevada. Mr. Mathewson's interest and decision to join our Advisory Board is a strong endorsement on the quality and significance of the gold target. The Company will explore options to advance evaluation of the gold target with his guidance. I would also like to reiterate our primary focus on the vanadium resource on the property which is being advanced to a Preliminary Economic Assessment (PEA) conducted by Wood Canada Limited, with completion forecast for Q1 2020."

Mr. Mathewson is a renowned Carlin Gold Trend specialist and former Newmont Mining Corporation Regional Exploration Manager. Mr. Mathewson was instrumental in several significant gold discoveries in the Rain and Railroad Mining Districts in the southern portion of the Carlin Gold Trend, where the Carlin Vanadium Project is located. During the 1990's while at Newmont, Mr. Mathewson led the team which discovered the Tess, Northwest Rain, Saddle, and South Emigrant gold deposits in the Rain District, which total over 4 million ounces of gold. In 2009, he was a founder of Gold Standard Ventures Corp. and served as its Vice President of Exploration until 2015. During this period, his exploration team discovered the North Bullion gold, Bald Mountain gold and copper, and Sylvania silver and copper deposits, as well as acquired the Pinion gold deposit, all in the Railroad District.

The Carlin Vanadium Project is strategically located within the world-class Carlin Gold Trend of Nevada, thus benefitting from the Trend's well-established mining infrastructure. The project is within 6 miles of highways, railhead and power.

About First Vanadium Corp.

First Vanadium has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80. The Carlin Vanadium Project hosts the Carlin Vanadium deposit, which is flat to shallow dipping and at shallow depths with strike length of approximately 1,800 metres, width averaging 600 metres and thickness ranging from 15 metres to 50 metres.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]

www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, and to drill test the interpreted gold target. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49931

Gold Target Identified on the Carlin Vanadium Project by Prominent Nevada Geologist

Tue, 12 Nov 2019 22:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - November 12, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") announces that it has engaged Dave Mathewson who has interpreted a Carlin-style high-grade gold target at depth on the Company's flagship Carlin Vanadium Project, located six miles south of Carlin, Nevada within the prolific Carlin Gold Trend.

In an effort to evaluate and interpret the potential significance for the Company's Carlin Vanadium Project to host significant gold mineralization at a project that is strategically located within the prolific Carlin Gold Trend of Nevada, the Company engaged renowned Carlin Gold Trend specialist and former Newmont Mining Corporation Regional Exploration Manager, Dave Mathewson to evaluate the largely underexplored gold targets identified at depth within the project. The potential to explore and advance a significant gold target within the Carlin Vanadium Project adds to the upside potential of the project which already hosts the existing vanadium resource being advanced to a Preliminary Economic Assessment (PEA) conducted by Wood Canada Limited, with completion forecast for Q1 2020.

From his assessment Mr. Mathewson stated, "A very real and significant gold target exists on the Carlin Vanadium Project. It occurs at the intersection of three large structures, oriented N-S, NW and NE, respectively (see accompanying map here). These structural orientations are important controls of gold mineralization on the Carlin Gold Trend. The gold target is coincident with a gravity high that suggests a large hydrothermal alteration system at depth, coupled with the strong possibility of favourable gold-hosting lithologies being at a reasonable range of drill depths on the property." The gold target area on the property is identified in orange highlight, on the accompanying map.

Paul Cowley, President & CEO stated, "While not to detract from our primary focus on the vanadium resource, this attractive gold target, identified by such a respected and well-known Nevada explorer as Dave Mathewson, complements and provides an additional opportunity for our shareholders. The project's proximity to multiple existing world class gold mining operations within the Carlin Gold Trend, and the gold target's location along strike and on trend with other known gold showings makes it a compelling opportunity for existing and potential new shareholders of First Vanadium. The Company will explore options to advance evaluation of the gold target".

Mr. Mathewson was instrumental in several significant gold discoveries in the Rain and Railroad Mining Districts in the southern portion of the Carlin Gold Trend, where the Carlin Vanadium Project is located. During the 1990's while at Newmont, Mr. Mathewson led the team which discovered the Tess, Northwest Rain, Saddle, and South Emigrant gold deposits in the Rain District, which total over 4 million ounces of gold. In 2009, he was a founder of Gold Standard Ventures Corp. (GSV-TSX and NYSE) and served as its Vice President of Exploration until 2015. During this period, his exploration team discovered the North Bullion gold, Bald Mountain gold and copper, and Sylvania silver and copper deposits, as well as acquired the Pinion gold deposit, all in the Railroad District.

Gold Target Summary

Mr. Mathewson's experience, successes and understanding of Carlin-style gold controls and applicable exploration methods in the district are brought to bare in his review and assessment. Mr. Mathewson interprets a 9-mile long north-south structure that sub parallels the Bullion Fault that is associated with gold deposits on the nearby Gold Standard Ventures property. The 9-mile long north-south structure has associated hydrothermal alteration at surface and at depth (from limited historic drilling) and localized gold mineralization. Four miles north of the Company's property and along the 9-mile structure, drilling by Evolving Gold Corp. encountered high-grade gold mineralization at depth in the Arch Zone, including 19.5m at 11.76g/t Au. The limited historic drilling along the structure also suggests that favourable lithologies (Popovich Formation) may be significantly closer to surface southward from the Evolving Gold drilling. A 5.5-mile-long linear gravity anomaly occurs along the north-south structure. Gravity anomalies in the Rain District are coincident with large hydrothermal alteration systems at depth.

The Company's Carlin Vanadium Project covers 2 miles of the 9-mile long structure and 2 miles of the linear gravity high. Mr. Mathewson interprets surface outcrops of silicification and elevated gold and trace element values on the property as expressions of hydrothermal fluid leakage from a high-grade gold target at depth where these key NW, NS and NE oriented structures are projected to intercept favourable lithologies known to host gold deposits elsewhere on the Carlin Gold Trend. The gold-bearing outcrops on the property (Black Kettle Au outcrops) were previously drill tested to shallow depths by Santa Fe Gold and Cambior in the 1980's and 1990's with some success, however, the depth potential was not recognized then.

About First Vanadium Corp.

First Vanadium has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80. The Carlin Vanadium Project hosts the Carlin Vanadium deposit, which is flat to shallow dipping and at shallow depths with strike length of approximately 1,800 metres, width averaging 600 metres and thickness ranging from 15 metres to 50 metres.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]

www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Dave Mathewson, M.Sc., an independent Qualified Person as defined by National Instrument 43-101.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, and to drill test the interpreted gold target. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49628

First Vanadium Engages Wood Canada Limited to Prepare a Preliminary Economic Assessment for the Carlin Vanadium Project in Nevada

Mon, 07 Oct 2019 20:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - October 7, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that it has engaged Wood Canada Limited (Wood) to prepare a National Instrument 43-101 Preliminary Economic Assessment (PEA) for the Company's flagship Carlin Vanadium Project, six miles south of Carlin, Nevada. The PEA is anticipated to be completed during Q1 2020.

A PEA, as defined under the terms of National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101), is an economic analysis intended to examine the potential viability of a mineral project. A PEA analyzes and assesses geological, engineering, and economic factors to reach its conclusions.

Paul Cowley, President & CEO states, "Wood Canada Limited is an internationally recognised engineering firm. The First Vanadium team is very familiar with the high level of quality and technical rigour that Wood will bring to this PEA. Wood's experience in vanadium projects, specialized hydrometallurgical process technology expertise, and mining optimization is ideal for evaluating First Vanadium's unique and advanced-stage primary vanadium project in Nevada".

Wood is a global leader in the delivery of project services for the mining industry, from front-end geology and studies, process and environmental consulting through to detailed design, project management and construction. Wood operates in more than 60 countries, employing approximately 60,000 people in mining, energy and industrial sectors. Wood has carried out Vanadium studies in North America and Australia for a range of operating and development-stage clients.

First Vanadium previously filed a report titled "NI 43-101 Technical Report, Carlin Vanadium Project, Carlin, Nevada" completed by SRK Consulting (U.S.) Inc. dated April 9, 2019. The technical report identifies Indicated and Inferred Mineral Resources (April 10, 2019 press release) that will form the basis for the PEA.

The Carlin Vanadium Project is strategically located in the world class Carlin gold mining district of Nevada, thus benefitting from the district's well-established mining infrastructure. The project is within 6 miles of highways, railhead and power.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]

www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, and results of on-going metallurgical test work,. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/48522

First Vanadium Announces Preliminary Process Flow Sheet for Carlin Vanadium Project in Nevada

Wed, 07 Aug 2019 20:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - August 7, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that ongoing metallurgical test work on the two ore types - oxidized and un-oxidized - on samples from the Company's Carlin Vanadium Project, six miles south of Carlin, Nevada, has led to the development of a preliminary process flowsheet. The flowsheet is designed to extract and recover vanadium as high-quality vanadium pentoxide.

"The Company is very pleased at achieving this major metallurgical milestone for the project. I would like to recognize the significant contributions made by our independent metallurgical consultants, SGS Canada and Sherritt Technologies. With the preliminary flow sheet defined, the Company will now initiate Requests for Proposals (RFP's) from qualified engineering firms for a Preliminary Economic Assessment," says Paul Cowley, President & CEO.

The process flow sheet follows four generalized steps:

Crushing and grinding;
Pre-concentration to reduce the volume of feed to the pressure oxidation circuit;
Acid leach and pressure oxidation to extract the vanadium into solution; and,
Solvent extraction to generate a commercially pure vanadium pentoxide (V₂O₅) flake product.

The extraction process uses conventional unit operations (crushing, grinding, cycloning, flotation, leaching, solid-liquid separation, solvent extraction and ion exchange, precipitation and calcination) and common chemicals (oxygen, sulfuric acid, ammonium carbonate and ammonium sulfate).

Flow Sheet Description

The deposit consists broadly of oxide and non-oxide ores. The run of mine (ROM) oxide ore will be crushed and screened and fed to a ball mill circuit. The milled ore will be de-slimed in an attrition scrubber, which will liberate the fine vanadium-rich particles from the coarser reject material. The scrubbed ore will be classified through multi-stage cyclones and/or thickener/clarifiers, with the fine vanadium-rich particles being advanced to the leaching circuits and the coarse carbonate-rich rejects to tails. The fine material will be treated in a pre-acidulation (acid leach) circuit to decompose any remaining carbonate prior to pressure oxidation. The acidulated material will then be fed to a pressure oxidation circuit, where an autoclave operating at elevated temperature and pressure in an enriched oxygen atmosphere will extract the vanadium into solution. The oxidized slurry will be separated into a washed solid residue for impoundment and a pressure oxidation solution. Minor element impurities in the pressure oxidation solution will be removed in an ion exchange column. The treated solution will be oxidized and sent to a typical solvent extraction circuit, where vanadium is selectively separated and concentrated. The vanadium-loaded organic phase from solvent extraction will be stripped in a counter-current configuration to produce vanadium-rich strip solution. Vanadium is precipitated from the strip solution, forming insoluble high-quality ammonium metavanadate (AMV). The AMV is then calcined to produce a commercially pure vanadium pentoxide (V₂O₅) flake product.

Similarly, the ROM un-oxidized ore is crushed, screened and fed to a ball mill circuit, followed by secondary high intensity fine grinding. The milled ore is then fed to a flotation circuit to concentrate the vanadium and reject carbonate. The flotation concentrate is treated in the common pre-acidulation circuit and then fed to the autoclave for pressure oxidation to extract the vanadium into solution. The same steps of solid-liquid separation, minor element purification, oxidation and solvent extraction and precipitation and calcination are applied to again produce a commercially pure vanadium pentoxide (V₂O₅) flake product.

Key Company Metallurgical Advisors guiding and contributing to the test work are Dr. David Dreisinger, Professor and Chairholder of the Hydrometallurgy Chair at the University of British Columbia, a world-renowned expert on Hydrometallurgy and holder of 21 US Patents, Dr. Gary Kordosky, a world-renowned expert in Solvent Extraction and holder of 19 US Patents and Ms. Jodi Esplin, B.S. Ch.E., former Barrick Senior Mineral Processing Engineer. Mining advisor, Michael Mracek, P.Eng. has complemented the work performed by the metallurgical advisors, with the Company engineering team managed by Fred Sveinson, P.Eng. and director of the Company.

Additional metallurgical test work to refine and optimize the flowsheet is ongoing at SGS Canada, a leading supplier of proven, advanced metallurgical services at its Lakefield, Ontario facilities.

About First Vanadium Corp.

First Vanadium has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada on Highway I-80. The Carlin Vanadium Project hosts the Carlin Vanadium deposit, which is flat to shallow dipping and at shallow depths with a strike length of approximately 1,800 metres (6,000 feet), width averaging 600 metres (2,000 feet) and average thickness of 35 metres (115 feet). The Company announced its maiden resource February 27, 2019.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]

www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Dr. David Dreisinger, Ph.D., P.Eng., a Qualified Person as defined by National Instrument 43-101, and Metallurgical Advisor to the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, and results of on-going metallurgical test work,. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46764

First Vanadium Announces Second Tranche Closing of Over-Subscribed Private Placement

Thu, 04 Jul 2019 04:07:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - July 3, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") announces that it has now completed the second and final tranche closing (the "Second Tranche") of its non-brokered private placement (the "Offering") previously announced on May 21, 2019, and increased June 25, 2019. Under the Second Tranche, the Company has issued 1,312,000 units for gross proceeds of $524,800. No finder's fees were paid in connection with the Second Tranche. All securities issued under the Second Tranche are subject to a four month hold period expiring November 4, 2019, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

Together with the first tranche closing announced June 6, 2019, the Company has now raised a total of $1,375,000 under this private placement.

Paul Cowley, the Company's CEO, stated: "We are very pleased with the interest and positive market response for our private placement. The capital will be used tactically to advance our Carlin Vanadium project, North America's largest highest-grade, primary vanadium resource."

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]

www.firstvanadium.com

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46074

First Vanadium Increases Private Placement Up to $1,375,000

Tue, 25 Jun 2019 20:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - June 25, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that further to its news releases of May 21, 2019 and June 6, 2019, it has received interest above the previously announced $1,000,000 plus 20% overallotment provision, and accordingly intends to increase the amount to be raised under its non-brokered private placement offering up to $1,375,000, subject to TSXV approval. All other terms of the offering remain as set out in the Company's May 21, 2019 news release.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]

www.firstvanadium.com

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement, the conditions required to exercise in full its option to acquire the Carlin Vanadium project, the proposed private placement offering and the use of proceeds of such offering. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45861

First Vanadium Announces First Tranche Closing of Financing - Insiders Participate

Fri, 07 Jun 2019 04:01:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - June 6, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that the Company has closed the first tranche (the "First Tranche") of its non-brokered private placement financing (the "Offering") previously announced on May 21, 2019. Under the First Tranche, the Company has issued 2,125,500 units at a price of C$0.40 per unit for gross proceeds of C$850,200. Each unit is comprised of one common share and one warrant. Each warrant will be exercisable into one common share for a period of three years at an exercise price of $0.65 per share. In connection with the First Tranche, the Company paid a finder's fee of C$2,100 to PI Financial Corp.

Certain directors, officers (the "Insiders") and close associates of the Company participated in the First Tranche and purchased an aggregate of 898,000 units for aggregate gross proceeds of C$359,200. Participation by Insiders of the Company in the Offering is considered a "related party transaction" pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Insiders' participation in the Offering in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that participation in the private placement by the Insiders did not exceed 25% of the fair market value of the Company's market capitalization.

All securities issued under the First Tranche are subject to a hold period expiring October 7, 2019, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

The second tranche of the Offering for additional proceeds of up to C$349,800 is expected to close on or before June 28, 2019.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]

www.firstvanadium.com

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement, the conditions required to exercise in full its option to acquire the Carlin Vanadium project, and the proposed second tranche closing of the Company's private placement offering. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45384

First Vanadium Announces Insider Participation in Private Placement

Sat, 25 May 2019 01:17:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - May 24, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that certain directors, officers and close associates of the Company have collectively sold 908,000 shares of the Company through the facilities of the TSX Venture Exchange, and will use the net proceeds of the sales to subscribe in the non-brokered private placement financing announced in the Company's news release dated May 21, 2019.

The subscription of Units to insiders pursuant to the private placement is considered to be a related party transaction subject to Multilateral Instrument 61-101. The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that participation in the private placement by insiders will not exceed 25% of the fair market value of the Company's market capitalization.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]

www.firstvanadium.com

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement, the conditions required to exercise in full its option to acquire the Carlin Vanadium project, the proposed sale of shares by insiders and their subsequent participation in the Company's private placement offering. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45026

First Vanadium Announces Private Placement of Up to $1,000,000

Tue, 21 May 2019 20:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - May 21, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce a non-brokered private placement of up to 2,500,000 units at a price of $0.40 per unit for gross proceeds of up to $1,000,000. Each unit will be comprised of one common share and one warrant. Each warrant will be exercisable into one common share for a period of three years at an exercise price of $0.65 per share.

The proceeds of the private placement will be used to carry out technical work on the Company's Carlin Vanadium Project and for general working capital. The Company may pay a finder's fee of cash, shares or finders warrants, to eligible persons, in compliance with applicable securities laws and exchange policies. The Company will make provision for an over-allotment option (Greenshoe) to allow a purchase of up to 20% additional units beyond the number of units in this Offering. This financing is subject to TSXV approval.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement, the conditions required to exercise in full its option to acquire the Carlin Vanadium project, the proposed private placement offering and the use of proceeds of such offering. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44912

First Vanadium Extends the Carlin Vanadium Deposit in Nevada by 300 Metres (984ft)

Wed, 24 Apr 2019 20:00:00 +0000

New Data Opens Deposit Strike Length to 2,130 metres (6,984ft)

Vancouver, British Columbia--(Newsfile Corp. - April 24, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that newly acquired historic data extends the strike length of the Carlin Vanadium deposit a further 300 metres ("m") (984ft) to the south on the Carlin Vanadium property. Two drill holes and two trenches completed by Union Carbide in 1968, located south of, and beyond the current limit of the mineral resource, reported strong vanadium grades. Hole DDH4 returned an average grade of 0.91% V₂O₅ across 7.01m (23ft), starting near surface and hole R-128 returned an average grade of 0.51% V₂O₅ across 13.71m (45ft).

Drillhole ID	From (m)	To (m)	Length (m)	From (ft)	To (ft)	Length (ft)	V2O5 (%)
DDH-4	1.52	8.53	7.01	5	28	23	0.91
R-128	44.20	57.91	13.71	145	190	45	0.51

The two surface trenches returned average grades of 0.58% V₂0₅ across a width of 15.2m (50 ft) and 0.76% V₂0₅ across a width of 9.1m (30 ft) from a series of chip samples. Geological mapping conducted by the Company supports the southern projection of the deposit through these historic drill holes and trenches.

First Vanadium President and Chief Executive Officer, Paul Cowley stated. "This new information is positive reinforcement of the project's expansion potential. The 300m southern extension amounts to a 15% gain in strike length which remains open to the south on the property."

The Carlin Vanadium mineral resource as announced February 28, 2019 and detailed in the Technical Report, which was SEDAR filed April 10, 2019, has a strike length of 1,830m (6,000ft). The newly acquired historic drilling and trenching data opens the deposit strike length to at least 2,130m (6,984ft). This new data was not included in the resource estimate, as it did not become available to the Company until after the resource estimate was completed.

Both drill holes and trenches are located on the adjacent Cole Creek Property which makes up part of the Carlin Vanadium Property. The Company acquired mineral rights to the Cole Creek Property through a mineral lease agreement announced January 31, 2019.

Vanadium is growing in importance for key industrial manufacturing sectors most notably steel and renewable energy. Today, more than 90% of the world's vanadium is used in steel manufacturing applications. Its importance to the energy sector is also growing rapidly with more than 5% of vanadium production used in energy storage where its substantial cost and performance benefits make it an alternative choice to lithium ion in several areas.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.
per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]

www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement, the conditions required to exercise in full its option to acquire the Carlin Vanadium project and its intention to initiate a mineral resource estimate. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44265

First Vanadium Corp. Files NI 43-101 Technical Report for the Carlin Vanadium Project, Nevada

Wed, 10 Apr 2019 20:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - April 10, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that a National Instrument 43-101 Technical Report titled "NI 43-101 Technical Report, Carlin Vanadium Project, Carlin, Nevada" has been filed on SEDAR (www.sedar.com).

The report documents a maiden mineral resource estimate (Table 1) completed by SRK Consulting (U.S.), Inc. ("SRK") on the Carlin Vanadium Deposit located 6 miles south of Elko, Nevada, as initially reported by way of the Company's news release dated February 27, 2019.

Table 1. Carlin Vanadium Mineral Resource Statement at 0.3% V₂O₅ Cut-off grade (CoG) (Effective January 31, 2019)

Classification	CoG (% V₂O₅)	Grade (% V₂O₅ )	Tons (in millions)	V₂O₅lb (in millions)
Indicated	0.3	0.615	24.64	303

Inferred	0.3	0.520	7.19	75

Mineral Resources are not Mineral Reserves. Mineral resources which are not mineral reserves do not have demonstrated economic viability. There has been insufficient exploration to define the Inferred Resources tabulated above as an Indicated or Measured Mineral Resource. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future.
The Mineral Resources in this estimate were calculated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.
The mineral resources listed in Table 1 are confined within a Whittle Pit Shell with a 45⁰ pit slope and a strip ratio of 2.6:1 waste to ore including all categories. The following parameters were used to construct the Whittle pit shell and to derive the mineral resource cut-off grade of 0.3% V2O5: Metal prices: US$12.50/lb V2O5 flake, Mining: US$2.50/t, Processing: US$52.50/t, G&A: US$1.50/t, Product Transport: $2.00/t, Process Recovery: 85%.
Contained pounds may not add due to rounding.

This is the first time Indicated mineral resources have been established for the deposit. The resource as defined within the pit shell has a defined strike length of approximately 1,830 metres (6,000 ft) and width averaging 610 metres (2,000 ft), starting at surface to depths of 120 metres (395 ft). The average thickness of the main mineralized zone is 35 metres (115 ft).

The Independent Technical Report was authored by Dr. Bart Stryhas, PhD, CPG., and Ms. Brooke Miller Clarkson, CPG, of SRK and Mr. Frank Wright, P.Eng., of F. Wright Consulting Inc. Messrs. Stryhas and Wright and Ms. Clarkson are Qualified Persons as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators ("NI 43-101"). The report is filed on SEDAR and is available on First Vanadium's website (click here to view full report).

Sensitivity Table

Sensitivity analysis of the Carlin Vanadium Project's NI 43-101 mineral resource estimate for V2O5 at various cutoff grades (CoG):

Classification	CoG (% V₂O₅)	Grade (% V₂O₅)	Tons (in millions)	V₂O₅lb (in millions)
Indicated^*1	0.2	0.539	31.26	337
	0.3^*2	0.615	24.64	303
	0.4	0.702	18.64	262
	0.5	0.776	14.44	224
	0.6	0.849	10.92	185
	0.7	0.929	7.80	145
	0.8	1.012	5.32	108

Inferred^*1	0.2	0.450	9.72	87
	0.3^*2	0.520	7.19	75
	0.4	0.596	4.94	59
	0.5	0.677	3.18	43
	0.6	0.745	2.08	31
	0.7	0.847	1.05	18
	0.8	0.959	0.53	10

*¹ Mineral Resources are not Mineral Reserves. Mineral resources which are not mineral reserves do not have demonstrated economic viability. There has been insufficient exploration to define the Inferred Resources tabulated above as an Indicated or Measured Mineral Resource. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future.

*² The Base Case reported resources are highlighted in bold and have been constrained within a US$12.50/lb V₂O₅ optimized pit shell described above.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, PGeo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

About First Vanadium Corp.

First Vanadium has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south of a major rail hub and mining community of Carlin, Nevada, a major highway (I-80) and power. The Carlin Vanadium Project hosts the Carlin Vanadium deposit which is a black shale-hosted flat to shallow dipping vanadium resource at shallow depths.

ON BEHALF OF FIRST VANADIUM CORP.
per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44000

First Vanadium Reports Consistently High Vanadium Extraction Results from Variability Test Work for the Carlin Vanadium Project in Nevada

Thu, 04 Apr 2019 20:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - April 4, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") reports metallurgical test work results for nine variability composite samples from its high-grade Carlin Vanadium deposit. Preliminary test results are consistently showing high vanadium extraction rates, between 92% and 98%, for both oxidized and unoxidized mineralized material of low, average and high vanadium grades.

"The Company is very pleased with the consistent variability testing results that demonstrate excellent vanadium extraction rates across the deposit, achieving another significant objective in our test work", says Paul Cowley, President & CEO.

The Company commenced acid leach and pressure oxidation test procedures on a single composite sample from the deposit in April 2018. In June 2018, the reported test work indicated 95.5% vanadium extraction into solution. Subsequently, over a number of months the extraction process has been further refined and the Company has progressed to the stage of variability test work. Variability test work typically uses multiple samples of differing grade and ore type from across a deposit to determine the processing consistency for a given procedure.

Nine composite samples from drill holes across the Carlin Vanadium deposit tested two different ore type (oxidized and unoxidized shale) of varying vanadium grades (low 0.39-0.54% V₂O₅, average 0.62-0.69% V₂O₅, and high 0.93-1.02% V₂O₅) through an acid leach and pressure oxidation procedure. The composite sample descriptions and preliminary extraction results are shown in the following table. Test results are consistently high vanadium extractions into solution, between 92% and 98%, demonstrating a tight range of high vanadium extractions across the deposit regardless of grade or whether oxidized or unoxidized material. The test work was conducted by Sherritt Technologies, a leader in the development and commercialization of pressure hydrometallurgical processes.

Metallurgical	HoleID	Depth (m)		Calculated Grade	Sample	Vanadium
Sample ID		From	To	% V2O5	Description	Extraction (%)
MT1A	DDC18-011	36	58.5	0.68	Unoxidized shale	94.1
MT2	DDC18-016	37	79.86	0.69	Unoxidized shale	93.1
MT3	DDC18-014	44.5	56.5	0.64	Unoxidized shale	97.8
MT4	DDC18-018	51	90	1.02	Unoxidized shale	95.3
MT5	DDC18-010	16.5	46.5	0.39	Unoxidized shale	92.1
MT6A	DDC18-016	8.5	31	0.62	Oxidized shale	92.4
MT7	DDC18-017	43.5	62.64	0.54	Oxidized shale	93.9
MT8	DDC18-004	0	11.5	0.93	Oxidized shale	95.3
MT9	DDC18-020	19.5	30	0.42	Oxidized shale	96.0

*The composite samples were taken over the mineralized intervals indicated by downhole to and from depths in the table above.

The variability test work results provide further input for the advancement of a process flow sheet that requires a downstream solvent extraction step. The solvent extraction test work in progress at SGS Canada, is aimed at producing ammonium metavanadate and a final vanadium pentoxide product. The Company continues to look at other metallurgical opportunities to benefit the project.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]

www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43874

First Vanadium Provides Progress Report on Metallurgical Test Work for the Carlin Vanadium Project in Nevada

Wed, 27 Mar 2019 20:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - March 27, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) (formerly Cornerstone Metals Inc.) ("First Vanadium" or the "Company") reports that metallurgical test work on nine variability composite samples from the Carlin Vanadium deposit is in its final stages, with results to be reported in early April 2019.

The Company commenced acid leach and pressure oxidation test procedures on a single composite sample from the deposit in April 2018. In June 2018, the reported preliminary test work had returned 95.5% vanadium extraction into solution. Since then, the procedure has been further refined and the Company has progressed to the stage of variability test work. Variability test work typically uses multiple samples from across a deposit to determine the processing consistency for a given procedure.

Nine composite samples have been derived from drill holes across the Carlin Vanadium deposit to test the variability of two different ore types (oxidized and unoxidized shale) of varying vanadium grades (low, average, and high). The results of the variability test work are expected to be available in early April 2019. This variability work will provide a good indication of the expected average and range of vanadium extractions across the deposit and form the basis for ongoing advancement of the process flow sheet. The work is being conducted by Sherritt Technologies, a leader in the development and commercialization of pressure hydrometallurgical processes.

In addition, downstream solvent extraction test work to produce ammonium metavanadate, leading to a final vanadium pentoxide product is being initiated by SGS Canada, a leading supplier of proven, advanced metallurgical services at its Lakefield, Ontario facilities.

About First Vanadium Corp.

First Vanadium (formerly Cornerstone Metals Inc.) has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada on Highway I-80. The Carlin Vanadium Project hosts the Carlin Vanadium deposit, which is flat to shallow dipping and at shallow depths with strike length of approximately 1,800 metres, width averaging 600 metres and thickness ranging from 15 metres to 50 metres. The Company announced its maiden resource February 27, 2019.

ON BEHALF OF FIRST VANADIUM CORP.
per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]

www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43689

First Vanadium More than Doubles the Size of Its Carlin Vanadium Property in Nevada

Tue, 19 Mar 2019 20:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - March 19, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) (formerly Cornerstone Metals Inc.) (“First Vanadium” or the “Company”) is pleased to announce that it has more than doubled the size of its Carlin Vanadium Property from 1,331 acres to 3,177 acres. The Company has staked and filed with the Bureau of Land Management (BLM) 1,846 acres of unpatented lode claims over Federal lands adjacent to and proximal to the original core claims. The new claims provide the Company with a larger working area around the Carlin Vanadium deposit.

About First Vanadium Corp.

First Vanadium (formerly Cornerstone Metals Inc.) has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada on Highway I-80. The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is flat to shallow dipping and at shallow depths with strike length of approximately 1,800 metres, width averaging 600 metres and thickness ranging from 15 metres to 50 metres. The Company announced its maiden resource February 27, 2019.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]

www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43491

First Vanadium Corp. Announces Maiden Mineral Resource Estimate at Carlin Vanadium Project, Nevada

Wed, 27 Feb 2019 23:49:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - February 27, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) (formerly Cornerstone Metals Inc.) ("First Vanadium" or the "Company") is pleased to announce that SRK Consulting (U.S.), Inc. ("SRK") has completed an independent National Instrument 43-101 ("NI 43-101") compliant mineral resource estimate (Table 1) on the Carlin Vanadium deposit located 6 miles south of Elko, Nevada. The mineral resource estimate replaces the 2010 SRK historic mineral resource estimate.

Table 1. Carlin Vanadium Mineral Resource Statement at 0.3% V₂O₅ Cut-off grade (CoG) (Effective Feb. 1, 2019)

Classification	CoG (% V₂O₅)	Grade (% V₂O₅ )	Tons (in millions)	V₂O₅lb (in millions)
Indicated	0.3	0.615	24.64	303

Inferred	0.3	0.520	7.19	75

Mineral Resources are not Mineral Reserves. Mineral resources which are not mineral reserves do not have demonstrated economic viability. There has been insufficient exploration to define the Inferred Resources tabulated above as an Indicated or Measured Mineral Resource. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future.
The Mineral Resources in this estimate were calculated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.
The mineral resources listed in Table 1 are confined within a Whittle Pit Shell with a 45⁰ pit slope and a strip ratio of 2.6:1 waste to ore including all categories. The following parameters were used to construct the Whittle pit shell and to derive the mineral resource cut-off grade of 0.3% V2O5: Metal prices: US$12.50/lb V2O5 flake, Mining: US$2.50/t, Processing: US$52.50/t, G&A: US$1.50/t, Product Transport: $2.00/t, Process Recovery: 85%.
Contained pounds may not add due to rounding.

This is the first time Indicated mineral resources have been established for the deposit, justified by the Company's two drill campaigns totaling 89 holes which verified historic drilling, twinned 6 historic holes either replicating or demonstrating improved grade, and in-filled to tightened the previous drill pattern.

The resource as defined within the pit shell has a defined strike length of approximately 1,800 metres and width averaging 600 metres, starting at surface to depths of 120 metres. The thickness of the main mineralized zone ranges from 15 metres to 50 metres. As noted in the Company's press release of January 31, 2019, the recent acquisition of adjoining lands via a mineral lease has had a positive impact on the overall pit shell design.

First Vanadium President and Chief Executive Officer, Paul Cowley stated, "Our Maiden resource estimate far exceeds our expectations. Approximately 77% of the estimation reports to the Indicated category, grades are higher than expected in the Indicated category, and the contained pounds of V₂O₅ metal in the deposit in both Indicated and Inferred categories are higher than expected."

The Carlin Vanadium deposit mineral resource was estimated by Dr. Bart Stryhas of SRK Consulting (U.S.), Inc. based on 216 rotary, reverse circulation and diamond drill holes completed by Union Carbide in the late 1960s and First Vanadium in 2018. The grade estimation utilizes an Inverse Distance Squared algorithm and is confined by a 0.2% V₂O₅grade shell. The raw sample data was capped at 2.5% V₂O₅ prior to being composited to 10ft lengths. A dynamic sample search orientation was employed which follows the trends of the mineralized horizons.

The 0.3% V₂O₅ cut-off grade was chosen for resource reporting based on the reasonable potential for economic extraction under a conceptual open pit mining and milling scenario using US$2.50/t mining cost, US$52.50/t milling cost, US$1.50/t admin cost, US$2.00/t product transport cost, 85% recovery, and a US$12.50/lb V₂O₅ value. The results of the resource estimation provided a CIM classified Indicated and Inferred Mineral Resource. The SRK Technical Report will be prepared and filed on SEDAR (www.sedar.com) under the Company's profile, in accordance with NI 43-101 Standards of Disclosure for Mineral Projects within 45 days of this news release.

The Carlin Vanadium deposit is considered the largest, highest grade primary vanadium deposit in North America and now exceeds the numbers quoted in USGS Professional Paper 1802 Critical Mineral Resources of the United States-Economic and Environmental Geology and Prospects for Future Supply dated December 18, 2017.

Sensitivity Table

Sensitivity analysis of the Carlin Vanadium Project's NI 43-101 mineral resource estimate for V2O5 at various cutoff grades (CoG):

Classification	CoG (% V₂O₅)	Grade (% V₂O₅)	Tons (in millions)	V₂O₅lb (in millions)
Indicated^*1	0.2	0.539	31.26	337
	0.3^*2	0.615	24.64	303
	0.4	0.702	18.64	262
	0.5	0.776	14.44	224
	0.6	0.849	10.92	185
	0.7	0.929	7.80	145
	0.8	1.012	5.32	108

Inferred^*1	0.2	0.450	9.72	87
	0.3^*2	0.520	7.19	75
	0.4	0.596	4.94	59
	0.5	0.677	3.18	43
	0.6	0.745	2.08	31
	0.7	0.847	1.05	18
	0.8	0.959	0.53	10

*² The Base Case reported resources are highlighted in bold and have been constrained within a US$12.50/lb V₂O₅ optimized pit shell described above.

Vanadium prices have been on a steady rise again since January 11, 2019 and now sit at US$17.60/lb for V₂O₅ flake.

First Vanadium President and Chief Executive Officer, Paul Cowley stated, "Our Maiden resource estimate provides a base for an economic study on the project."

Technical disclosure on the mineral resource estimate in this news release has been reviewed and approved by Dr. Bart Stryhas, PhD, CPG., a Qualified Person as defined by National Instrument 43-101. Technical disclosure excluding the mineral resource estimate in this news release has been reviewed and approved by Paul Cowley, PGeo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

About First Vanadium Corp.

First Vanadium (formerly Cornerstone Metals Inc.) has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 6 miles south of a major rail hub and mining community of Carlin, Nevada, a major highway (I-80) and power. The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is a black shale-hosted flat to shallow dipping vanadium deposit at shallow depths, 0-60 m (0-200 ft) below surface.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3372/43088_4d227da9644bf9cf_002full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43088

First Vanadium Corp. Recognized as a 2019 TSX Venture 50(TM) Company Ranking Second in the Mining Sector

Thu, 21 Feb 2019 20:49:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - February 21, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) (formerly Cornerstone Metals Inc.) ("First Vanadium" or the "Company") is pleased to announce that it has been named a 2019 TSX Venture 50™ company, an annual ranking of the top performers on the TSX Venture Exchange. The winning companies have seen tremendous growth over the past year, offered remarkable return to their shareholders and are actively traded in the market.

Each year leading TSX Venture companies are judged by the Exchange on three equally weighted criteria:

market capitalization growth;
share price appreciation; and
trading volume

Based on the above noted criteria, First Vanadium has achieved second ranking in the mining sector and has been featured in a TSX Venture 50™ video that can be viewed here.

First Vanadium President and Chief Executive Officer, Paul Cowley stated, "We are delighted and honoured to be recognized by this prestigious TSX Venture ranking and to be associated with other high quality performers. We would like to thank our shareholders for their continued support, as our team works hard to unlock value by advancing our Carlin Vanadium Project."

About First Vanadium Corp.

First Vanadium (formerly Cornerstone Metals Inc.) has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 6 miles south from the town of Carlin, Nevada on Highway I-80. The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is flat to shallow dipping and at shallow depths, 0-60 m (0-200 ft) below surface. The Carlin Vanadium deposit is considered the largest, highest grade primary vanadium deposit in North America (USGS Professional Paper 1802 Critical Mineral Resources of the United States-Economic and Environmental Geology and Prospects for Future Supply dated December 18, 2017).

ON BEHALF OF FIRST VANADIUM CORP.
per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]
www.firstvanadium.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42959

First Vanadium Acquires Strategic Land Position Extending the Carlin Vanadium Deposit in Nevada

Thu, 31 Jan 2019 17:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - January 31, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) (formerly Cornerstone Metals Inc.) ("First Vanadium" or the "Company") is pleased to announce that it has made a strategic acquisition of the southern extension of the Carlin Vanadium deposit located 6 miles south of Carlin, Nevada.

The Company has gained mineral rights to an additional 200m strike length of the Carlin Vanadium deposit through an Access and Mineral Lease Agreement to approximately 80 acres of private (fee simple) land immediately adjacent to the Carlin Vanadium property (referred to as the "Cole Creek Property"). Six vertical holes drilled by Union Carbide in the 1960's on this adjacent ground demonstrated a southern continuance of the Carlin Vanadium deposit with thicknesses ranging from 10.67m to 28.96m (average 18.54m; 60.8ft) and grades ranging from 0.37% to 0.82% V₂O₅ (average 0.57% V₂O₅).

First Vanadium President and Chief Executive Officer Paul Cowley stated, "This is a timely acquisition just prior to a mineral resource estimate that will now be able to include these additional holes and deposit extension."

Terms of Agreement

Pursuant to the terms of the Access and Mineral Lease Agreement, the Company has paid the lessor US$50,000 on signing, and is required to pay an additional US$20,000 annually for the lease of all minerals beneath the surface of, within or that may be produced from the Cole Creek Property. In the event the Company commences mining operations on the Cole Creek Property, the annual payments will be replaced with a 5% NSR royalty in favour of the lessor. Pursuant to the terms of the lease, the Company is also required to incur at least US$100,000 expenditures on the property within 36 months, or to remedy any shortfall by making a cash payment to the lessor in the amount of such shortfall. The term of the lease is for an initial five-year period which may be extended, at the Company's option, for additional five-year periods provided the Company remains in good standing under the agreement. The Company has the right to terminate the lease portion of the agreement without terminating the road access portion of the agreement (described below).

The lessor also owns or has rights to certain lands containing roads which the Company wishes to use for access to the Cole Creek Property and to the Carlin Vanadium property. The Access and Mineral Lease Agreement also grants to the Company the right to access such lands and roads for an initial payment of US$15,000 which was paid on signing of the agreement (US$5,000 for 2017 access, US$5,000 for 2018 access and US$5,000 for 2019 access), and ongoing US$5,000 annual payments which will terminate at the Company's start of development and mining operations. The Company is also required to build and maintain a gate and cattle guard in order to keep its access rights in good standing. In addition, amongst other matters including compensation for lost cattle and lost grazing, the agreement also contemplates that upon commencement of development and mining operations, the Company will construct additional roads to be agreed upon between the Company and the lessor and at such time the Company will pay the lessor additional fees for the new road access until mining ceases and reclamation is completed. The access rights have been granted for an initial five-year term which may be extended, at the Company's option, for additional five-year periods provided the Company remains in good standing under the agreement.

The Carlin Vanadium deposit is considered the largest, highest grade primary vanadium deposit in North America (USGS Professional Paper 1802 Critical Mineral Resources of the United States-Economic and Environmental Geology and Prospects for Future Supply dated December 18, 2017).

Vanadium prices appear to have stabilized and are rising again. Vanadium is growing in importance for key industrial manufacturing sectors most notably steel and renewable energy. Today, more than 90% of the world's vanadium is used in steel manufacturing applications. Its importance to the energy sector is also growing rapidly with more than 5% of vanadium production used in energy storage where its substantial cost and performance benefits make it an alternative choice to lithium ion in several areas.

About First Vanadium Corp.
First Vanadium (formerly Cornerstone Metals Inc.) has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada on Highway I-80. The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is flat to shallow dipping and at shallow depths, 0-60 m (0-200 ft) below surface.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]

www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement, the conditions required to exercise in full its option to acquire the Carlin Vanadium project and its intention to initiate a mineral resource estimate. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42570

First Vanadium Reports Thickest High-Grade Intercept To-Date with 73.2m (240ft) Grading 0.60% V2O5 at the Carlin Vanadium Project, Nevada

Thu, 17 Jan 2019 17:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - January 17, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) (formerly Cornerstone Metals Inc.) ("First Vanadium" or the "Company") is pleased to announce results from the final 25 exploration drill holes aimed at extending the mineralization at its Carlin Vanadium Project located 6 miles south of Carlin, Nevada, including the thickest high-grade intercept to-date at the project returning 73.2m (240ft) grading 0.60% V₂O₅. A map has been placed on the Company website to demonstrate the location of the latest holes, click here to view.

Highlights:

The diamond drill campaign successfully extended the limits of mineralization along the western and eastern edges of defined mineralization, as well as an area to the northwest.
Thickest high-grade intercept to-date at the Carlin Vanadium Project with 73.2m (240ft) grading 0.60% V₂O₅
Compilation of the 216-hole database and modeling of the mineralization is underway for the next step of a mineral resource estimate

The 25 exploration drill holes were focused in 3 areas beyond the limits of the known vanadium mineralization; a 400m length along the eastern edge, a 550m x 50m area along the western edge, and a 300m x 220m area to the northwest. The majority of the drilling was successful in encountering near-surface vanadium mineralization, extending the limits of the known mineralization. One particular hole on the eastern edge returned the thickest high-grade zone to-date on the property with 73.2m (240ft) grading 0.60% vanadium ("V₂O₅"), starting from surface.

First Vanadium President and Chief Executive Officer, Paul Cowley stated. "We are pleased to have such a high percentage of successful exploration holes extending the known vanadium mineralization. Hole RCC18-46 was a particularly spectacular hole. The mineralization still remains open in several directions. The Company geologists will now compile the 216-hole database and model the mineralization for the next step of a mineral resource estimate."

Eastside Drill Testing Highlights; Average grade 0.47% V₂O₅and 42.2m (138.5ft) thick

Drill hole ID	From (m)	To (m)	Length (m)	Est. True (m)	From (ft)	To (ft)	Length (ft)	Est. True (ft)	V₂O₅ (%)
RCC18-31*	4.57	44.2	39.62	35.7	15	145	130	117	0.79
RCC18-46	0.00	73.15	73.15	73.2	0	240	240	240	0.60
RCC18-58*	19.81	25.91	6.1	5.5	65	85	20	18	0.35
	35.05	79.25	44.2	39.8	115	260	145	131	0.39
RCC18-59*	77.72	97.54	19.81	14.9	255	320	65	49	0.24

angled holes*

The eastside of the mineralization was tested by five holes along a 400m (1300ft) length. Four holes successfully encountered the thick vanadium mineralized zone beyond the limits of the known mineralization with grades ranging from 0.24%to 0.79% V₂O₅and tabled above. This drilling showed an average grade of 0.47% V₂O₅ and an average true thickness of 42.2m (138.5ft). Hole RCC18-46 was exceptionally thick at 73.15m true thickness starting at surface. Hole RCC18-56 did not encounter any significant mineralization likely due to fault-offsetting.

Northwest Drill Testing Highlights; Average grade 0.55% V₂O₅ and 14.4m (47ft) thick

Drill hole ID	From (m)	To (m)	Length (m)	Est. True (m)	From (ft)	To (ft)	Length (ft)	Est. True (ft)	V₂O₅ (%)
RCC18-35	13.72	30.48	16.76	16.76	45	100	55	55	0.85
RCC18-49	13.72	24.38	10.67	10.67	45	80	35	35	0.270
RCC18-50	12.19	18.29	6.1	6.10	40	60	20	20	0.240
RCC18-53	15.24	24.38	9.14	9.14	50	80	30	30	0.32
RCC18-55	13.72	32	18.29	18.29	45	105	60	60	0.73
RCC18-63	6.1	22.86	16.76	16.76	20	75	55	55	0.71
RCC18-65*	0	22.86	22.86	17.15	0	75	75	56.3	0.7

angled holes*

The 300m x 220m northwest area which had been reported on in the November 7, 2018 news release, received an additional eight drill holes. Seven holes successfully encountered the vanadium mineralized zone near surface with grades ranging from 0.24% to 0.85% V₂O₅ and tabled above. The additional drilling showed an average grade of 0.55% V₂O₅ and an average true thickness of 14.4m (47ft), similar to the average results reported in the November 7, 2018 news release of 0.60% V₂O₅ and 18.7m (61ft) thick. Hole RCC18-51 did not encounter any significant mineralization likely due to leaching of grade in a fault zone. Holes RCC18-61 and 62 outside of the area were later found to have been drilled below the zone so did not encounter any significant mineralization.

Westside Drill Testing Highlights; Average grade 0.31% and 19m (56ft) thick

Drill hole ID	From (m)	To (m)	Length (m)	Est. True (m)	From (ft)	To (ft)	Length (ft)	Est. True (ft)	V₂O₅ (%)
RCC18-36	0	3.05	3.05	3.05	0	10	10	10	0.27
	15.24	30.48	15.24	15.24	50	100	50	50	0.21
RCC18-37	0	10.67	10.67	10.67	0	35	35	35	0.32
	15.24	35.05	19.81	19.81	50	115	65	65	0.33
RCC18-47	0.00	9.14	9.14	9.14	0	30	30	30	0.28
RCC18-48	0.00	42.67	42.67	42.67	0	140	140	140	0.26
RCC18-57*	3.05	38.1	35.05	26.29	10	125	115	86	0.54
RCC18-66*	7.62	19.81	12.19	9.14	25	65	40	30	0.28

angled holes*

Six holes were drilled in an area 550m x 50m on the western edge of the known mineralization. All holes encountered the vanadium zone with grades near surface between 0.21% and 0.54% V₂O₅, extending the known mineralization. Three broad spaced holes RCC18-38, RCC18-39 and RCC18-45 drilled west of the 550m x 50m area did not encounter significant mineralization.

Seven of the 25 holes were angle holes; adjusted and estimated true thickness (Est. True) of their intercepts are displayed in the tables above. The drill intercepts of the vertical holes are considered true thickness.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]

www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, metallurgical test work, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

First Vanadium Drill Results Reinforce Continuity of High-Grade Mineralization including 41.15m (135ft) of 0.84% V2O4 at the Carlin Vanadium Project, Nevada

Thu, 10 Jan 2019 18:14:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - January 10, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) (formerly Cornerstone Metals Inc.) ("First Vanadium" or the "Company") is pleased to announce results from an additional 17 confirmation drill holes from within and along a 1,220 metres ("m") (4,000ft) corridor of mineralization at its Carlin Vanadium Project located 6 miles south of Carlin, Nevada. Three highlight intervals from this drilling encountered 41.15m (135ft) grading 0.84% vanadium ("V₂O₅"), 38.1m (125ft) grading 0.75% V₂O₅and 27.43m (90ft) grading 0.84% V₂O₅. The average grade of these 17 holes is 0.54% V₂O₅_. The average estimated true thickness of the zone in these 17 holes is 33.7m (110ft). The highlights of the 17 holes are tabled below.

First Vanadium President and Chief Executive Officer, Paul Cowley stated, "We continue to be pleased with these drill results that reinforce continuity of a thick, shallow, near horizontal bed of high-grade vanadium mineralization, correlating well to the nearest previous drill holes and improving drill density. Remaining drill assay results from an additional 25 exploratory holes, are expected to be released next week."

Confirmation Drilling Highlights:

Drillhole ID	From (m)	To (m)	Length (m)	Est.True (m)	From (ft)	To (ft)	Length (ft)	Est.True (ft)	V2O5 (%)
RCC18-21*	76.20	114.30	38.10	32.4	250	375	125	106	0.75
RCC18-22*	62.48	103.63	41.15	35.0	205	340	135	115	0.84
RCC18-23*	27.43	80.77	53.34	45.3	90	265	175	149	0.64
RCC18-30*	36.58	77.72	41.15	30.9	120	255	135	101	0.64
RCC18-32*	57.91	88.39	30.48	27.7	190	290	100	91	0.48
RCC18-33*	18.29	62.48	44.20	33.2	60	205	145	109	0.47
RCC18-40*	9.14	47.24	38.10	32.8	30	155	125	108	0.52
RCC18-41*	1.52	22.86	21.34	16.0	5	75	70	53	0.35
	36.58	100.58	64.01	48.0	120	330	210	158	0.65
RCC18-42*	6.10	59.44	53.34	50.7	20	195	175	166	0.38
RCC18-43*	64.01	86.87	22.86	19.4	210	285	75	64	0.27
RCC18-44*	18.29	32.00	13.72	10.3	60	105	45	34	0.30
	39.62	103.63	64.01	48.0	130	340	210	158	0.25
RCC18-52	7.62	45.72	38.10	38.1	25	150	125	125	0.58
RCC18-54	0.00	12.19	12.19	12.2	0	40	40	40	0.51
RCC18-60	0.00	18.29	18.29	18.3	0	60	60	60	0.62
RCC18-64*	0.00	27.43	27.43	20.6	0	90	90	68	0.84
RCC18-67*	57.91	85.34	27.43	20.6	190	280	90	68	0.27
RCC18-69	28.96	62.48	33.53	33.5	95	205	110	110	0.50

A map has been placed on the Company website to demonstrate the location of these holes. (https://firstvanadium.com/images/PDF/News_release_Jan_10_2019.pdf)

Four of the holes, RCC18-32, RCC18-43, RCC18-44 and RCC18-67, ended in mineralization. Holes RCC18-32, RCC18-43 and RCC18-67 also returned 10m (30ft) to 25m (75ft) thick, near surface, flat-lying mineralized intervals above the main high-grade zone that graded between 0.21% and 0.26% V₂O₅.

Thirteen of the 17 holes were angle holes; adjusted and estimated true thickness (Est. True) of their intercepts are displayed in the table above. The drill intercepts of the vertical holes are considered true thickness.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]

www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, metallurgical test work, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

First Vanadium Corp. Clarifies Disclosure On Its Carlin Vanadium Project

Fri, 21 Dec 2018 20:44:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - December 21, 2018) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) (formerly Cornerstone Metals Inc.) ("First Vanadium" or the "Company") at the request of IIROC, wishes to clarify its disclosure regarding the historic Inferred mineral resource and specific wording disclosed in its December 20, 2018 news release.

The Company has only reported a historical estimate on the Property, no current mineral resource has been delineated on the property, nor has a technical report supporting any current mineral resource been filed. As such the Company retracts any reference to the Company moving towards the Company filing a technical report to support an "updated" mineral resource. The Company also retracts any reference to "in-fill" or "expansion" drilling of the resource as no current mineral resource has been delineated.

In addition to the disclosure stated in the December 20, 2018 news release related to the historic mineral resource on the property, it must also be stated that a qualified person has not done sufficient work to classify the historical estimate as a current mineral resource.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(778) 655-4311
[email protected]
www.firstvanadium.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

First Vanadium Corp. Provides Corporate Update on the Carlin Vanadium Project in Nevada

Thu, 20 Dec 2018 17:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - December 20, 2018) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) (formerly Cornerstone Metals Inc.) ("First Vanadium" or the "Company") is pleased to provide a project update from its Carlin Vanadium project in Nevada. As previously reported, the Company has completed a drill program consisting of 69 reverse circulation drill holes focused on both deposit expansion and in-fill targets.

There are pending assay results from 19 in-fill holes and 23 step-out (deposit expansion) holes from the Phase 2 summer program and those results are expected to be reported in January 2019.

Upon receipt of remaining assay data, the Company will initiate a complete data compilation for an updated NI 43-101 compliant mineral resource estimate. The Carlin Vanadium Deposit has a historic Inferred mineral resource of 28 million tons at 0.515% vanadium pentoxide (V₂O₅), having a total metal content of 289 million pounds V₂O₅, based on a 0.3% V₂O₅ cut-off grade (see Historic Inferred Resource below).

Additionally, the Company is well financed to execute its near-term objectives, with current working capital of over CDN$2Million.

In tandem with anticipated news flow for Q1 2019, the Company will also be participating in numerous industry specific events including the Metals Investment Forum and Vancouver Resource Investment Conference, both held in mid-January.

The Company's management and board of Directors would also like to extend a warm Holiday Season to its shareholders and thank them for their interest and support throughout 2018 and look forward to an active and successful 2019.

Historic Inferred Resource

The Carlin Vanadium Deposit has a historic Inferred mineral resource was calculated by Dr. Bart Stryhas of SRK Consulting (U.S.), Inc. for Energy Metal Corp in 2010, and was NI43-101 compliant at that time, based on 152 rotary drill holes completed by Union Carbide in the late 1960s. The 0.3% V2O5 CoG was chosen in 2010 for resource reporting based on the reasonable potential for economic extraction under a conceptual open pit mining and milling scenario using US$2.30/st mining cost, US$35/st milling cost, US$0.50/st admin cost, 65% recovery, 95% selling pay-for, 1% freight charge, 0% royalty and a US$10.46/lb V2O5 value. The results of the resource estimation provided a CIM classified Inferred Mineral Resource. The quality of the historical data was good and the Mineral Resource was classified as inferred mainly due to the fact that the rotary drilling has not been verified by a modern program.

A current mineral resource has not been delineated on the property. The Company is not treating this historical estimate as a current mineral resource. The work needed to upgrade the historical estimate as current mineral resources is to use current costs, metal prices, new recoveries and results from the Company's 89 new drill holes.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]
www.firstvanadium.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of theTSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's completion of the acquisition of a 1.5% NSR attached to the Carlin Vanadium project. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

First Vanadium Corp. Announces Reduction of Royalty by Repurchasing 1.5% of NSR on Carlin Vanadium Project, Nevada

Fri, 30 Nov 2018 17:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - November 30, 2018) - First Vanadium Corp. (formerly Cornerstone Metals Inc.) (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that it has negotiated the purchase of a 1.5% NSR attached to its Carlin Vanadium property in consideration for which it will issue 1,300,000 common shares of the Company to the owner of the NSR. The shares, when issued, will be subject to a hold period expiring four months plus a day after the date of their issuances in compliance with Canadian securities laws. The completion of this purchase is subject to TSX Venture Exchange acceptance.

Paul Cowley, President of the Company, stated: "This is a unique opportunity for us at this time to extinguish a 1.5% NSR on the Carlin Vanadium Property and associated advanced royalty payments, all at a deep discount of roughly 67% to the original US$3 million buy-back price established for this NSR. This preserves and focuses our treasury on advancing the project. Upon completion of this transaction, only a 2% NSR will remain attached to the property, with the Company retaining the rights to purchase the remaining NSR for US$4 million."

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.
per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]
www.firstvanadium.com

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's completion of the acquisition of a 1.5% NSR attached to the Carlin Vanadium project. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

First Vanadium Drills 48.77m (160ft) of 1.02% V2O5 at the Carlin Vanadium Deposit, Nevada

Tue, 27 Nov 2018 17:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - November 27, 2018) - First Vanadium Corp. (formerly Cornerstone Metals Inc.) (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce results from an additional 11 confirmation in-fill drill holes along a 500m (1640ft) corridor of the Carlin Vanadium Deposit. The project is 6 miles south of Carlin, Nevada. A highlight interval from this drilling encountered 48.77m (160ft) grading 1.02% V₂O₅starting at surface. The average grade of these 11 holes is 0.64% V₂O₅ as compared with the 2010 historic Inferred Resource average grade of 0.515% V₂O₅ (see Historic Inferred Resource below).

Holes RCC18-08, RCC18-09, RCC18-15 through RCC18-20, and RCC18-24 through RCC18-27 lie along the main corridor of the Central Zone. This drilling continues to prove continuity of a thick, shallow, near horizontal bed of high-grade vanadium mineralization, connecting to the nearest previous drill holes. The average thickness of the zone in these 11 holes is 31.9m (104ft). In the majority of these holes the high-grade mineralized zone lies within 10m (32ft) of surface. A figure has been placed on the Company website to demonstrate the location of these holes (https://firstvanadium.com/images/news-release/Figure%20for%20News%20release_Nov%2027_summary.jpg).

"The drilling continues to yield solid thicknesses and good high grades near surface. These in-fill holes provide valuable information and confidence to support a new resource estimate," said First Vanadium President and Chief Executive Officer Paul Cowley. "There are pending assay results on a further 19 in-fill holes and 23 step-out holes from the Phase 2 RC summer program and those results will be reported as they become available. However, we are still experiencing slower than typical turnaround times due to laboratory volume backlog."

Confirmation Drilling Highlights:

Drillhole ID	From (m)	To (m)	Length (m)	From (ft)	To (ft)	Length (ft)	V2O5 (%)
RCC18-08	0.00	48.77	48.77	0	160	160	1.02
RCC18-09	0.00	51.82	51.82	0	170	170	0.65
RCC18-15	10.67	47.24	36.57	35	155	120	0.65
RCC18-16	0.00	25.91	25.91	0	85	85	0.78
RCC18-17	50.29	67.06	16.77	165	220	55	0.62
RCC18-18	6.10	54.86	48.76	20	180	160	0.37
RCC18-19	56.39	74.68	18.29	185	245	60	0.71
RCC18-20	50.29	76.2	25.91	165	250	85	0.50
RCC18-24	10.67	38.1	27.43	35	125	90	0.62
RCC18-25	18.29	41.15	22.86	60	135	75	0.53
RCC18-26	9.14	36.58	27.43	30	120	90	0.54

Hole RCC18-17 encountered excessive water that prohibited continued RC drilling. However, the last 5-foot sample in this hole graded 0.96% V₂O₅. Holes RCC18-17, RCC18-20 and RCC18-25 also returned 6m (20ft) to 50m (60ft) thick near surface, flat-lying mineralized intervals above the main high-grade zone that graded between 0.2% and 0.28% V₂O₅.

All holes reported here are vertical; thus, drill intercepts are considered true thickness.

Historic Inferred Resource

The Carlin Vanadium Deposit has a historic Inferred mineral resource of 28 million tons at 0.515% vanadium pentoxide (V₂O₅), having a total metal content of 289 million pounds V₂O₅, based on a 0.3% V₂O₅ cut-off grade ("CoG"), as calculated by Dr. Bart Stryhas of SRK Consulting (U.S.), Inc. for Energy Metal Corp in 2010, and was NI43-101 compliant at that time, based on 152 rotary drill holes completed by Union Carbide in the late 1960s. The 0.3% V₂O₅ CoG was chosen in 2010 for resource reporting based on the reasonable potential for economic extraction under a conceptual open pit mining and milling scenario using US$2.30/st mining cost, US$35/st milling cost, US$0.50/st admin cost, 65% recovery, 95% selling pay-for, 1% freight charge, 0% royalty and a US$10.46/lb V₂O₅ value. The results of the resource estimation provided a CIM classified Inferred Mineral Resource. The quality of the historical data was good and the Mineral Resource was classified as inferred mainly due to the fact that the rotary drilling has not been verified by a modern program.

Vanadium prices for 98% flake V₂O₅ have steadily risen from under US$3.00/lb less than 3 years ago to US$33/lb, reflecting the higher demand for vanadium over its tight supply, globally.

Vanadium is growing in importance for key industrial manufacturing sectors most notably steel and renewable energy. Today, more than 85 percent of the world's vanadium is used in steel manufacturing applications. Its importance to the energy sector is also growing rapidly with more than 10 percent of vanadium production used in energy storage where its substantial cost and performance benefits make it an alternative choice to lithium ion in several areas.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]

www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, metallurgical test work, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

First Vanadium Changes Trading Symbol on OTCQX(R) Best Market

Thu, 15 Nov 2018 17:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - November 15, 2018) - First Vanadium Corp. (formerly Cornerstone Metals Inc.) (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that at the opening on November 15, 2018, the Company's trading symbol on the OTCQX® Best Market in the United States will change to FVANF. The OTCQX Best Market is for established, investor-focused U.S. and international companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction. The Company's trading symbol on the TSX Venture Exchange remains as FVAN.

First Vanadium (formerly Cornerstone Metals Inc.) has an option to earn a 100% interest in the Carlin Vanadium Project, 6 miles south of I-80 and the town of Carlin, Nevada. The Carlin Vanadium Project hosts the Carlin Vanadium Deposit, considered the largest, highest grade primary vanadium deposit in North America (USGS Professional Paper 1802 Critical Mineral Resources of the United States-Economic and Environmental Geology and Prospects for Future Supply dated December 18, 2017).

Results for 53 drill holes of the 69-hole Phase 2 drill campaign on the Carlin Vanadium deposit are pending from the assay lab.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
Tel: (778) 655-4311
Email: [email protected]

www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, metallurgical test work, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

First Vanadium Step-out Drilling Expands the Carlin Vanadium Deposit

Wed, 07 Nov 2018 17:00:00 +0000

Vancouver, British Columbia--(Newsfile Corp. - November 7, 2018) - First Vanadium Corp. (formerly Cornerstone Metals Inc.) (TSXV: FVAN) (OTCQX: CCCCF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that it has expanded the Carlin Vanadium Deposit with the results from 10 step-out holes from the 69 reverse circulation drill holes from its Phase 2 drilling on the Carlin Vanadium Project, located 6 miles south of Carlin, Nevada. The objectives of this drill program are both to infill and expand the Carlin Vanadium deposit. There were 33 step-out holes of the 69 holes drilled that were aimed at expanding the deposit. Only results from 10 of those step-out holes are available and reported below.

Holes RCC18-11 through RCC18-14, RCC18-27 through RCC18-29 and RCC18-34 focused in a 300m x 220m untested area beyond the known limits of the deposit. This drilling proved continuity of shallow near horizontal mineralization, connecting to the nearest previous drill holes R-33, R-63, and DDC17-003 through DDC17-005. The average thickness of the zone in this new area is 18.7m (61ft) thick with an average grade of 0.60% V2O5. A figure has been placed on the Company website to demonstrate the location of these holes and this new area (https://firstvanadium.com/images/projects/Figure_for_News_release_Nov_7.jpg).

"This is an excellent start to the deposit expansion, with intercepts of good grade and thickness so near surface in a flat valley. This new area of mineralization, still open to the north, is a positive impact to the project and will factor into a resource estimate expected to be completed before the end of the year", said First Vanadium President and Chief Executive Officer Paul Cowley. "There are pending assay results on a further 23 step-out holes that aimed at expanding the deposit."

Expansion Drilling Highlights:

Drillhole ID	From (m)	To (m)	Length (m)	From (ft)	To (ft)	Length (ft)	V2O5 (%)
RCC18-11	6.10	33.53	27.43	20	110	90	0.44
RCC18-12	15.24	30.48	15.24	50	100	50	0.45
RCC18-13	3.05	9.14	6.09	10	30	20	0.32
RCC18-14	0.00	7.62	7.62	0	25	25	0.25
RCC18-27	16.76	22.86	6.10	55	75	20	0.55
RCC18-28	9.14	41.15	32.01	30	135	105	0.81
RCC18-29	21.34	28.96	7.62	70	95	25	0.52
RCC18-34	6.10	24.38	18.28	20	80	60	0.40
R-33*	1.52	30.48	28.96	5	100	95	0.95
R-63*	0.00	28.96	28.96	0	95	95	0.55
DDC17-003*	15.85	30.50	14.65	52	100	48	0.68
DDC17-004*	0.00	20.50	20.50	0	67.25	67.25	0.75
DDC17-005*	1.52	30.48	28.96	5	100	95	1.12

*Previously reported

Holes RCC18-07 and RCC18-10 located south of the area described above (see figure) returned multiple near surface flat-lying mineralized intervals from 6m (20ft) to 20m (65ft) thick grading between 0.2 and 0.25% V2O5.

All holes reported here are vertical; thus, drill intercepts are considered true thickness.

Combining the 1960's Union Carbide drilling with the Company's winter 2018 diamond drilling program and its Phase 2 summer reverse circulation drilling, the Carlin Vanadium deposit is now defined by 216 drill holes. The program was supervised by the Company's Qualified Person, Paul Cowley, P.Geo., and President and CEO of the Company. Industry standard QAQC practices were followed. Analyses were performed by MS Analytical of Langley, BC, an ISO 17025 Accredited laboratory. Further results will be forthcoming. Once all drill results have been received, the Company will initiate a new resource estimate.

Vanadium prices for 98% flake V2O5 have steadily risen from under US$3.00/lb less than 3 years ago. Last week's prices reached over US$33/lb, reflecting the higher demand for vanadium over its tight supply, globally.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]

www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, metallurgical test work, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

First Vanadium Appoints Dr. David Dreisinger to Advisory Board

Wed, 24 Oct 2018 20:05:00 +0000

October 24, 2018 - Vancouver, British Columbia – First Vanadium Corp. (formerly Cornerstone Metals Inc.) (TSX-V: FVAN) (OTCQX: CCCCF) (FSE: 1PY) (“First Vanadium” or the “Company”) continues to seek high calibre people to augment its team to advance the Carlin Vanadium Deposit. We are pleased to announce the appointment of Dr. David Dreisinger to our Advisory Board. David Dreisinger is a Professor and Chairholder of the Hydrometallurgy Chair at the University of British Columbia. The UBC Hydrometallurgy Chair is funded by 16 industrial companies. Dr. Dreisinger works actively with industry and has co-invented a number of metallurgical processes, including the Sepon Copper process (Laos), the Mt Gordon Copper process (Australia), the PLATSOL process (to be used in the US). Together with his students and colleagues, he has published over 300 technical papers in journals and conference proceedings. He holds 21 US Patents. Dr. Dreisinger serves as a director of a number of TSX listed companies including PolyMet Mining, Search Minerals, Euro Manganese and LeadFX.

The Company also announces that it has issued 1 million shares to Americas Gold Exploration Inc. (“AGEI”) as required pursuant to the agreement between the Company and AGEI dated September 22, 2017 under which AGEI assigned its 100% interest in the Carlin Vanadium property to the Company (refer to the Company’s news release dated November 9, 2017 for further details about the assignment agreement). A finder’s fee of 100,000 shares was also paid and issued in conjunction with this transaction. All shares issued in connection herewith are subject to a 4 month hold period in compliance with Canadian securities laws.

About First Vanadium Corp.
First Vanadium (formerly Cornerstone Metals Inc.) has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 6miles south from the town of Carlin, Nevada. The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is flat to shallow dipping and at shallow depths, 0-60 m (0-200 ft) below surface.

The Carlin Vanadium deposit is considered the largest, highest grade primary vanadium deposit in North America (USGS Professional Paper 1802 Critical Mineral Resources of the United States—Economic and Environmental Geology and Prospects for Future Supply dated December 18, 2017).

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]

www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, metallurgical test work, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

First Vanadium Reports Initial Phase 2 Drill Results from its Carlin Vanadium Project

Wed, 10 Oct 2018 22:22:03 +0000

October 10, 2018 - Vancouver, British Columbia – First Vanadium Corp. (formerly Cornerstone Metals Inc.) (TSX-V: FVAN) (OTCQX: CCCCF) (FSE: 1PY) (“First Vanadium” or the “Company”) is pleased to announce the results from the first 6 of 69 reverse circulation drill holes from its Phase 2 drilling on the Carlin Vanadium Project, located 6 miles south of Carlin, Nevada. The objectives of this drill program were to infill and expand the Carlin Vanadium deposit.

The first 6 reverse circulation drill holes were focused within the South Zone to infill the drill pattern in an area of 120m by 160m. All holes hit mineralization as expected and where expected. The table below provides the highlights of these first 6 holes.

The reported holes were drilled vertically except RCC18-04 which was angled at -60^o. True thickness estimates of mineralization are approximately 95% of the drill intercept length, except RCC18-04 which is 60% of the intercept length.

Hole RCC18-02 was a twinned hole of a previous Union Carbide rotary hole R-95 to compare and further verify old data. The table below compares the two holes with the same depths of their intercept. The First Vanadium hole returned 26% better V₂O₅ grade than the Union Carbide hole.

“We continue to deliver solid drill results that meet and exceed expectations”, said First Vanadium President and Chief Executive Officer Paul Cowley. “The higher grades in a second twinned hole are very promising indicators for our project.”

Combining the 1960’s Union Carbide drilling with the Company’s winter 2018 diamond drilling program and its Phase 2 summer reverse circulation drilling, the Carlin Vanadium deposit is now defined by 216 drill holes. The program was supervised by the Company’s Qualified Person, Paul Cowley, P.Geo., and President and CEO of the Company. Industry standard QAQC practices were followed. Analyses were performed by MS Analytical of Langley, BC, an ISO 17025 Accredited laboratory. Further results will be forthcoming. Once all drill results have been received, the Company will initiate a new resource estimate.

The Carlin Vanadium deposit is considered the largest, highest grade primary vanadium deposit in North America (USGS Professional Paper 1802 Critical Mineral Resources of the United States—Economic and Environmental Geology and Prospects for Future Supply dated December 18, 2017).

Vanadium prices for 98% flake V2O5 have steadily risen from under US$3.00/lb less than 3 years ago. Last week’s prices reached over US$27/lb, reflecting the higher demand for vanadium over its tight supply, globally.

Vanadium is growing in importance for key industrial manufacturing sectors most notably steel and renewable energy. Today, more than 85 percent of the world’s vanadium is used in steel manufacturing applications. Its importance to the energy sector is also growing rapidly with more than 10 percent of vanadium production used in energy storage where its substantial cost and performance benefits make it an alternative choice to lithium ion in several areas.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]

www.firstvanadium.com

_{Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.}

_{Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.}

_{Forward-looking information}

_{Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, metallurgical test work, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.}

First Vanadium Completes Drilling at the Carlin Vanadium Project

Tue, 02 Oct 2018 19:45:57 +0000

October 2, 2018 - Vancouver, British Columbia – First Vanadium Corp. (formerly Cornerstone Metals Inc.) (TSX-V: FVAN) (OTCQX: CCCCF) (FSE: 1PY) (“First Vanadium” or the “Company”) is pleased to announce that it has completed the Phase 2 drilling program on its Carlin Vanadium Project, located 6 miles south of Carlin, Nevada.

A total of 69 holes were completed in the Phase 2 Reverse Circulation drilling program, far exceeding the planned 40-hole program. The objectives of this drill program were to infill and expand the deposit. Combined with the 1960’s Union Carbide drilling and the Company’s spring 2018 diamond drilling program, the Carlin Vanadium deposit is now defined by 216 drill holes. The program was supervised by the Company’s Qualified Person, Paul Cowley, P.Geo., and President and CEO of the Company. Assays will be forthcoming throughout October. A new resource estimate will follow.

The Carlin Vanadium deposit is considered one of the largest, highest grade primary vanadium deposits in North America (USGS Professional Paper 1802 Critical Mineral Resources of the United States—Economic and Environmental Geology and Prospects for Future Supply dated December 18, 2017).

The Company also wishes to invite investors and shareholders to visit its new website (www.firstvanadium.com ). The Company has posted a series of new videos on the home page that provide a “virtual tour” of the property and explain what makes the Carlin Vanadium project unique.

Vanadium prices for 98% flake V2O5 have steadily risen from under US$3.00/lb less than 3 years ago. Last week’s prices reached over US$22/lb, reflecting the higher demand for vanadium over its supply, globally.

About First Vanadium Corp.

ON BEHALF OF FIRST VANADIUM CORP.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]
www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, metallurgical test work, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Cornerstone Metals Inc. Upgrades to OTCQX® Best Market

Wed, 05 Sep 2018 12:50:41 +0000

Cornerstone Metals Inc. Upgrades to OTCQX® Best Market September 4, 2018 ‐ Vancouver, British Columbia – Cornerstone Metals Inc. (TSX‐V: CCC) (OTCQX: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) is pleased to announce that it has qualified to trade on the OTCQX® Best Market in the United States. The Company has upgraded to the OTCQX® Best Market from the OTCQB® Venture Market.

“We are pleased to transition to the OTCQX Best Market, where we can build onto our visibility and liquidity by expanding our U.S. shareholder base,” said Cornerstone Metals President and CEO, Paul Cowley.

Cornerstone Metals has an option to earn a 100% interest in the Carlin Vanadium Project. The Carlin Vanadium Project hosts the Carlin Vanadium Deposit, which is flat to shallow dipping and at shallow depths, 0‐60m (0‐200 ft) below surface. The Carlin Vanadium deposit is considered one of the largest, highest grade primary vanadium deposits in North America (USGS Professional Paper 1802 Critical Mineral Resources of the United States—Economic and Environmental Geology and Prospects for Future Supply dated December 18, 2017).

Vanadium’s Growing Importance for Steel Manufacturing and the Energy Sector
Vanadium is growing in importance for key industrial manufacturing sectors most notably steel and renewable energy. Today, more than 85 percent of the world’s vanadium is used in steel manufacturing applications. Its importance to the energy sector is also growing rapidly with more than 10 percent of vanadium production used in energy storage where its substantial cost and performance benefits make it an alternative choice to lithium ion in several areas.

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340‐7711
[email protected]
www.cornerstonemetals.ca

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43‐101, and President and CEO of the Company.

Forward‐looking information
Certain statements in this news release constitute "forward‐looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, metallurgical test work, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward‐looking statements. Forward‐looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward‐looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward‐looking statements. The forward‐looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Phase 2 Drilling Program Underway at Cornerstone Metal’s Carlin Vanadium Project

Thu, 16 Aug 2018 12:43:03 +0000

Phase 2 Drilling Program Underway at Cornerstone Metal’s Carlin Vanadium Project August 15, 2018 ‐ Vancouver, British Columbia – Cornerstone Metals Inc. (TSX‐V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) is pleased to announce that the Phase 2 drilling program is now underway at its Carlin Vanadium Project, 6 miles south of Carlin, Nevada. The Company plans a minimum of 40 Reverse Circulation drill holes with the objective to in‐fill and expand the size of the vanadium deposit. With these 40 holes, together with the Company’s Phase 1 drill program and the drilling previously done by Union Carbide, the deposit will be defined by 187 drill holes. The drilling is expected to continue into September.

Cornerstone Metals has an option to earn a 100% interest in the Carlin Vanadium Project. The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is flat to shallow dipping and at shallow depths, 0‐60m (0‐200 ft) below surface. The Carlin Vanadium deposit is considered one of the largest, highest grade primary vanadium deposits in North America (USGS Professional Paper 1802 Critical Mineral Resources of the United States—Economic and Environmental Geology and Prospects for Future Supply dated December 18, 2017).

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340‐7711
[email protected]
www.cornerstonemetals.ca

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43‐101, and President and CEO of the Company.

Forward‐looking information
Certain statements in this news release constitute "forward‐looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, metallurgical test work, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward‐looking statements. Forward‐looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward‐looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward‐looking statements. The forward‐looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Cornerstone Metals Announces Name Change to “First Vanadium Corp.”

Fri, 21 Sep 2018 10:16:42 +0000

Cornerstone Metals Announces Name Change to “First Vanadium Corp.” September 20, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (OTCQX: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) is pleased to announce that it will be changing its name to “First Vanadium Corp.” effective September 25, 2018 to emphasize its focus on vanadium and on advancing the Carlin Vanadium Project.

The common shares of the Company will commence trading under the new name on the TSX Venture Exchange with the new trading symbol “FVAN” at the opening of trading on September 25, 2018.

There is no change in the share capital of the Company, and shareholders are not required to exchange their existing share certificates for new certificates. The Company’s new CUSIP number is 33745F107 and its new ISIN number is CA33745F1071.

Vanadium’s Growing Importance for Steel Manufacturing and the Energy Sector

Vanadium is growing in importance for key industrial manufacturing sectors, most notably steel and renewable energy. Today, more than 85 percent of the world’s vanadium is used in steel manufacturing applications. Its importance to the energy sector is also growing rapidly with more than 10 percent of vanadium production used in energy storage where its substantial cost and performance benefits make it an alternative choice to lithium ion in several areas.

Vanadium prices for 98% flake V2O5 have steadily risen from under US$3.00/lb less than 3 years ago, to its current price of US$19.30/lb.

About the Company

The Company has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 22 km by road (13 miles) from the town of Carlin, Nevada. The project is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is flat to shallow dipping and at shallow depths, 0-60 m (0-200 ft) below surface. The Carlin Vanadium deposit is considered one of the largest, highest grade primary vanadium deposits in North America (USGS Professional Paper 1802 Critical Mineral Resources of the United States—Economic and Environmental Geology and Prospects for Future Supply dated December 18, 2017).

The Company also owns 100% (subject to 1.5% NSR) of the West Jerome property, near Jerome, Arizona, on the west side of Freeport McMoRan patented lands. The property, in a Volcanogenic Massive Sulfide camp, is a high-grade, massive sulfide target located 2.4 km south of the past-producing United Verde (32 million tons grading 4.4% copper, 1.5 oz/t silver and 0.04 oz/t gold). The West Jerome property has attractive untested drill targets.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

ON BEHALF OF CORNERSTONE METALS INC.
per:

“Paul Cowley”
CEO & President

For further information, please contact:
Paul Cowley
Tel: 604-340-7711
Email: [email protected]

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. In particular, this news release contains forward-looking information regarding the proposed name change and the acquisition of the Carlin Vanadium Project, Nevada. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. These assumptions include, but are not limited to: future costs and expenses being based on historical costs and expenses, adjusted for inflation; and market demand for, and market acceptance of, the offering. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Cornerstone Metals Provides Update on its Drilling at Carlin Vanadium Project

Thu, 20 Sep 2018 10:06:55 +0000

Cornerstone Metals Provides Update on its Drilling at Carlin Vanadium Project September 19, 2018 ‐ Vancouver, British Columbia – Cornerstone Metals Inc. (TSX‐V: CCC) (OTCQX: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) is pleased to provide an update on drilling on its Carlin Vanadium Project, located south of Carlin, Nevada.

The Phase 2 Reverse Circulation drilling program on the Carlin Vanadium Project is ongoing with a total of 33 drill holes completed to date. Two drill rigs are currently turning on the property and plans are to complete approximately 60 holes before the end of September. The objectives of this drill program are to infill and expand the deposit. Assay results are pending due to the general uptick in exploration activities resulting in an increased volume to laboratories. Initial results are expected to be out shortly.

Vanadium prices for 98% flake V2O5 have steadily risen from under US$3.00/lb less than 3 years ago. This week prices reached US$19.30/lb reflecting the higher demand for vanadium over its supply, globally.

About Cornerstone Metals Inc.
Cornerstone Metals has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 22 km by road (13 miles) from the town of Carlin, Nevada. The project is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is flat to shallow dipping and at shallow depths, 0‐60 m (0‐200 ft) below surface.

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340‐7711
[email protected]
www.cornerstonemetals.ca

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43‐101, and President and CEO of the Company.

Cornerstone Metals Appoints Tookie Angus to Advisory Board

Tue, 31 Jul 2018 21:59:56 +0000

July 31, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) is pleased to announce the addition of Tookie Angus to its Advisory Board. R. Stuart Angus, LLB, is an independent business advisor to the mining industry and is presently Chair of San Marco Resources Inc., K92 Mining Inc., and Kenadyr Mining (Holdings) Corp. He was formerly Head of the Global Mining Group for Fasken Martineau. For the past 40 years, Mr. Angus has focused on structuring and financing significant international exploration, development and mining ventures. More recently, he was managing Director of Mergers & Acquisitions for Endeavour Financial and was responsible for merger and acquisition mandates. Mr. Angus is the former Chairman of the Board of BC Sugar Refinery Limited, he was a Director of First Quantum Minerals until June 2005, a Director of Canico Resources Corporation until its takeover by Brazil’s CVRD in 2005, a Director of Bema Gold Corp. until its takeover by Kinross Gold Corporation in 2007, a Director of Ventana Gold Corp. until its takeover by AUX Canada Acquisition Inc. in 2011 and a Director of Plutonic Power Corporation until its merger with Magma Energy Corp. in 2011. He resigned June 30, 2017 as Chair of Nevsun Resources Ltd following its acquisition of Reservoir Minerals.

“We are very fortunate to add Mr. Angus to our Advisory board and will benefit from his sound business judgement, track record in takeovers, vision and high level network”, said Cornerstone President and Chief Executive Officer Paul Cowley.

The Company continues to take significant steps to strengthen its boards of advisors with the addition of experienced, highly regarded professionals in their respective fields of expertise. Collectively, the Company now has a broad skill set ranging from financing and mergers and acquisitions to mineral exploration, mine development, construction and operations, including mining and processing - a unique attribute compared with many of its peers. Advisors now include Tookie Angus – Business Advisor, Michael Mracek, P.Eng. – Mining Advisor, Bill Matheson – Construction Advisor, Jacques McMullen, P.Eng. - Metallurgical Advisor, and Barry Girling – Business Advisor.

About Cornerstone Metals Inc.

Cornerstone Metals has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 22km by road (13 miles) from the town of Carlin, Nevada. The project is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is flat to shallow dipping and at shallow depths, 0-60m (0-200 ft) below surface. The Carlin Vanadium deposit is considered one of the largest, highest grade primary vanadium deposits in North America (USGS Professional Paper 1802 Critical Mineral Resources of the United States—Economic and Environmental Geology and Prospects for Future Supply dated December 18, 2017).

Vanadium’s Growing Importance for Steel Manufacturing and the Energy Sector

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]
www.cornerstonemetals.ca

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, metallurgical test work, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Cornerstone Metals Provides Update on its Carlin Vanadium Project

Tue, 10 Jul 2018 20:02:59 +0000

July 10, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) is pleased to provide a project update on drilling plans, preliminary engineering, metallurgy and environmental studies on its Carlin Vanadium Project, south of Carlin, Nevada.

The Company has secured a drill contractor to conduct an infill and deposit expansion reverse circulation (RC) drill program under its current BLM permit. The program will commence in the first week of August and consist of approximately 40-50 shallow vertical and angled RC drill holes. Of those, three holes will twin historic holes to provide additional comparisons for grades. Fifteen holes will be conducted to infill parts of the deposit to tight 40 metre centres. In addition, 22-32 holes will be drilled selectively on edges of the deposit with the objective of expanding the size of the deposit. Upon completion of the drill program, a resource estimate will be prepared, based on all historic and Cornerstone drilling on the property.

Company CEO, Paul Cowley, P.Geo. conducted a site visit in the first week of July with the Company construction advisor and the Company’s senior mining advisor and director to identify and rank multiple options for the plant, waste rock and tailings facilities sites on the property and to review infrastructure, including road, rail and power access. The site location, and surrounding and onsite infrastructure are strong aspects of the project.

The property has access from both the south and north; each route within three and five miles from paved highway. The town of Carlin, where rail is located, is 6 and 13 miles away via these two routes. Rail allows access for concentrates to markets in the US, Canada and internationally via ocean transport. There are two high voltage power lines within a 5 to 15 mile radius of the site.

Two of the potential plant site locations inspected have bedrock near to surface which will minimize the concrete required for foundations. There are locations on site for potential tailings and waste rock including the designed open pits which would be located in a line that potentially could be backfilled with waste rock or tailings progressively should mining occur.

The deposit host rock was examined and appears to be low to moderate in hardness and heavily fractured which will require less energy to drill, blast, crush and grind. Rock crushing and grinding characteristics will be tested in an independent laboratory this month.

Metallurgical test work continues at Sherritt Technologies to optimize various parameters of temperature, pressure and grind size with the aim of developing a conceptual flowsheet. The third round of testing, previously reported (news release dated June 20, 2018), achieved vanadium extraction levels of 95.5%.

EM Strategies, Inc. of Reno, Nevada commenced baseline studies on the project in May 2018 and will continue through the summer and fall. This baseline work includes botany, wildlife and cultural studies, which will form the components to an application for the next level and stage of permitting.

Vanadium prices for 98% flake V2O5 have steadily risen from under US$3.00/lb less than 3 years ago. This week prices reached $17.50/lb.

Vanadium’s Growing Importance for Steel Manufacturing and the Energy Sector

About Cornerstone Metals Inc.

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]

www.cornerstonemetals.ca

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, metallurgical test work, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Latest Metallurgical Test Results Exceed 95% Vanadium Extraction from Cornerstone Metals Inc.’s Carlin Vanadium Project

Wed, 20 Jun 2018 20:02:21 +0000

June 20, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) is pleased to announce additional preliminary results of metallurgical test work being conducted on its Carlin Vanadium Project in Nevada. The third round of testing has achieved vanadium extraction levels of 95.5%.

“Our testing has very quickly moved the needle from the low 80’s, which were strong, to outstanding numbers, far exceeding even our metallurgists’ expectations”, said Cornerstone President and Chief Executive Officer Paul Cowley. “These numbers show a clear sign of a major technical breakthrough for our project.”

Test work continues on a sample composite generated from an 18.9 metre drill core intercept from the Company’s recent diamond drilling verification program on the deposit. The latest results employed a roast/leach/pressure oxidation approach. Ongoing test work will continue to optimize various parameters with the aim of developing a conceptual flowsheet. Once a conceptual flowsheet has been defined, tests will be run across the deposit on a full range of samples. The tests to date have been conducted to demonstrate potential recoveries. At this stage, there is no suggestion that these tests demonstrate economic viability.

Metallurgical test work continues at Sherritt Technologies in Fort Saskatchewan, Alberta, the leader in the development and commercialization of pressure hydrometallurgical processes. Sherritt is a one-stop shop that has a proven track record of developing projects from concept-to-operation with a skilled and experienced team, including process and equipment specialists.

Vanadium’s Growing Importance for Steel Manufacturing and the Energy Sector

About Cornerstone Metals Inc.

Cornerstone Metals has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada. The project is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is flat to shallow dipping and at shallow depths, commonly between 0-60m (0-200 ft) below surface.

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, metallurgical test work, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

U.S. House of Representatives Passes Amendment #122 to NDAA to Streamline Permitting for Critical and Strategic Minerals Projects Which Would Include Vanadium

Wed, 13 Jun 2018 20:14:52 +0000

June 13, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) is pleased to announce a recent vote by the U.S. House of Representatives that could help fast track the advancement of Cornerstone’s Carlin Vanadium Project near Carlin, Nevada.

In a move to facilitate streamlined permitting for critical and strategic minerals projects in the United States, the U.S. House of a Representatives passed Amendment #122 to the National Defense Authorization Act (NDAA) on a bipartisan vote of 229-183 on May 23, 2018. With the passing of the amendment, the House streamlined the permitting process to advance the Trump Administration’s mission for mineral development in the United States by centralizing permitting review projects under a lead agency, streamlining permitting time-frames specifically for critical and strategic minerals projects and preserving environmental protections. The Amendment will need the U.S. Senate and Presidential approval to become law.

Further, based on the U.S. Geological Survey December 2018 paper “Critical Mineral Resources of the United States”, vanadium was defined as one of 23 critical or strategic minerals to the United States. Vanadium production is largely controlled by China, Russia and South Africa and because the United States currently has no production of vanadium, it is dependent on imports to meet its needs, which makes the supply vulnerable to potential influence and disruption by such factors as political changes, market manipulation, environmental issues, civil unrest and natural disasters.

As vanadium is used in the steel industry and in a broad range of existing and emerging technologies, in high-tech industrial, energy, renewable energy, and defense sectors, Congressman Tom Emmer stated on May 23, 2018 regarding critical minerals, “These materials are instrumental to America’s national defense and economic competitiveness, as is ensuring we can mine them here at home.”

“These new policy changes, once made into law, will have a direct positive impact on our project, as vanadium is a critical mineral to the United States”, said Cornerstone President and Chief Executive Officer Paul Cowley. “Streamlined permitting accelerates good projects, unlocking value to its shareholders faster, and at the same time, securing the domestic source for the United States faster. The timing of these policies changes is ideal for us, forming a favourable regulatory setting during our advancement of the Carlin Vanadium Project. The benefits would likely be seen across the short, intermediate and long term”.

The Company also announces the grant of 175,000 incentive stock options to a director of the Company, subject to the terms and provisions of the Company’s stock option plan, at an exercise price of $0.98 per share, for a five year term.

The Company announces that it has terminated its Investor Relations contract with H4C Group.

About Cornerstone Metals Inc.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, metallurgical testwork, changes in mineral resources, and permitting of the project. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Cornerstone Metals Inc. to Present at The MicroCap Conference on June 21st in Toronto at the Sheraton Centre Hotel

Thu, 07 Jun 2018 01:24:18 +0000

TORONTO, ON / ACCESSWIRE / June 6, 2018 / Cornerstone Metals Inc. (CCC.V) (CCCCF) (1PY.F) will be presenting at this year's MicroCap Conference on June 21st in Toronto, Canada.

CONFERENCE OVERVIEW AND STRUCTURE

The MicroCap Conference is an exclusive event for investors who specialize in small and microcap stocks. It is an opportunity to be introduced to and speak with management at some of the most attractive small companies, learn from various expert panels, and mingle with other microcap investors.

The MicroCap Conference will take place in Toronto at the Sheraton Centre Hotel on June 21st. Registration will begin on Thursday at 7:00AM and will last until the evening. These days will be jam-packed with company presentations, 1-on-1 meetings, roundtables, expert panel discussions, and plenty of time to network with other investors over food and drinks.

REGISTRATION FOR INVESTORS

To request free registration, please go to our website (www.microcapconf.com), and click the "Registration" button

PARTICIPATING COMPANIES

For our most updated list of companies, please go to our website (www.microcapconf.com/toronto)

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News Compliments of ACCESSWIRE

FOR MORE INFORMATION

Please visit: www.microcapconf.com/toronto

Or, contact Ashley Allard at [email protected]

Preliminary Metallurgical Tests Result in over 80% Vanadium Extraction from Cornerstone Metals Inc.’s Carlin Vanadium Project

Tue, 29 May 2018 20:05:31 +0000

May 29, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) is pleased to announce preliminary results of metallurgical test work being conducted on its Carlin Vanadium Project in Nevada. The initial pressure leaching tests have achieved vanadium extraction levels of between 80.2% and 83.6%.

“The Company is thrilled with these preliminary results, which signal a major technical breakthrough for this project”, said Cornerstone President and Chief Executive Officer Paul Cowley, “guided by expertise of Cornerstone’s metallurgists and Sherritt Technologies, an industry recognized engineering and research group with their in-house lab. Regardless of these positive results, we are continuing test work to improve upon the overall vanadium extraction from the current 80.2% to 83.6% to higher values.”

Test work is being conducted on a sample composite generated from an 18.9 metre drill core intercept from the Company’s recent diamond drilling verification program. Metallurgical test work will continue with the aim of developing a conceptual flowsheet.

Metallurgical test work is being conducted by Sherritt Technologies in Fort Saskatchewan, Alberta, the leader in the development and commercialization of pressure hydrometallurgical processes. Sherritt is a one-stop shop that has a proven track record of developing projects from concept-to-operation with a skilled and experienced team, including process and equipment specialists.

Vanadium’s Growing Importance for Steel Manufacturing and the Energy Sector

About Cornerstone Metals Inc.

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, metallurgical test work, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Cornerstone Metals Drills 47.5m @ 1.08% V2O5 on its Carlin Vanadium Project

Tue, 17 Apr 2018 20:16:48 +0000

April 17, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) announces the results of the final 7 holes, DDC18-14 to DDC18-20, of the 20-hole confirmation diamond drilling program on its Carlin Vanadium Project, Nevada. The Carlin Vanadium Project is one of the largest, richest primary vanadium deposits in North America (USGS Professional Paper 1802 Critical Mineral Resources of the United States—Economic and Environmental Geology and Prospects for Future Supply dated December 18, 2017).

The confirmation drill program:

Confirmed and improved the confidence of the geological model of the deposit
Confirmed and improved continuity of grade and thickness of the high-grade near surface vanadium unit
Provided samples from across the full span of the deposit for metallurgical test work, which has been initiated through Sherritt Technologies

Based upon the strong results of the confirmation drill program, together with a review of historic data, Cornerstone Metals is now planning a Phase 2 drill program comprised of a 50 – 70 hole reverse circulation drill program with the objective to expand the dimensions of the deposit before completing a resource estimate. Permitting necessary to support the Phase 2 program is in place and Cornerstone has put the drill program out to tender.

“The grades and widths from our drilling have been highly encouraging. The success of the 20-hole confirmation drill program enables us to embark on a Phase 2 drilling program, which we see as a valuable cost effective plan-of-action for our shareholders,” said Cornerstone President and Chief Executive Officer Paul Cowley.

New Drill Results in Detail

The Carlin Vanadium deposit covers an area 2km long by up to 700m wide and can be subdivided into 4 sectors; the Southern, Central, Northern and Western sectors. The seven final reported holes span the Southern, Central and Northern sectors. An updated map has been placed on the Company’s website (http://cornerstonemetals.ca/images/Resource-verification-drilling-A-F.jpg) to graphically demonstrate the Cornerstone and historic drill hole collars, outer limits of the historic resource and the sectors. The section lines A through D and the first 13 confirmation holes were described in the February 28, 2018 and March 4, 2018 news releases.

Four newly reported holes, DDC18-17 through DDC18-20 are in the Southern sector along the 400m long Section line F on the map and tabled below with Cornerstone Metals’ and Union Carbide’s holes along the section line. From the table below, the average grade of drill intercepts within the high-grade vanadium unit along Section line F is 0.88% V2O5.

Intercepts Along Section F

Hole ID	From (m)	To (m)	Length (m)	V2O5 %	Zn (%)	Ag (g/t)
DDC18-20	19.50	52.00	32.50	0.82	0.37	5.4
R-83	41.15	76.20	35.05	1.16	0.38	N/A
DDC18-17	43.50	77.00	33.50	0.83	0.26	5.6
R-16	0.00	24.38	24.38	1.17	N/A	N/A
DDC18-18	51.00	87.00	36.00	1.09	0.56	4.7
DDC18-19	28.50	76.00	47.50	1.08	0.43	5.9
R-94	18.29	76.20	79.25	0.96	0.46	N/A
R-5	10.67	64.01	53.34	0.44	N/A	N/A
R-96	6.10	41.15	35.05	0.43	0.12	N/A

R holes are historic drill holes, N/A = not analyzed

The Southern sector appears to be a faulted segment of the deposit, as the high-grade vanadium unit dips from 15-35^o, unlike the horizontal orientation of the rest of the deposit. True thickness estimates of intercepts in the Southern sector are 80-95% of the intercept length. The estimated average true thickness of the high-grade vanadium unit from holes along Section line F is roughly 30 metres.

Holes DDC18-15 and 16 lie along the 620m long north-south Section line E on the map and are tabled below with other intercepts from both Cornerstone Metals’ and Union Carbide’s holes along the section line. Section line E spans the Central and Northern sectors of the deposit. From the following table, the average grade and true thickness of the high-grade vanadium unit from intercepts along Section line E is 0.76% V2O5 and 34.3 metres.

Intercepts Along Section E

Hole ID	From (m)	To (m)	Length (m)	V2O5 %	Zn (%)	Ag (g/t)
R-25	0.00	18.29	18.29	0.90	N/A	N/A
R-9	0.00	28.96	28.96	0.64	N/A	N/A
R-6	16.76	36.58	19.82	1.23	0.32	N/A
R-12	19.81	56.39	36.58	0.94	0.11	N/A
DDC18-15	1.83	43.00	41.17	0.38	0.10	3.3
R-61	15.24	53.34	38.10	0.54	0.14	N/A
R-66	59.44	77.72	18.28	0.59	0.17	N/A
DDC18-16	8.50	71.50	63.00	0.83	0.55	15.9
R-67	12.19	60.96	48.77	0.92	0.35	N/A
R-69	1.52	41.15	39.63	0.74	0.60	N/A
R-21	3.05	47.24	44.19	0.81	N/A	N/A
R-48	27.43	60.96	33.53	0.98	0.42	N/A
R-46	9.14	24.38	15.24	0.40	0.32	N/A

R holes are historic drill holes, N/A = not analyzed

Hole DDC18-14 falls along the 620m long Section line A on the map and tabled below with other intercepts from both Cornerstone Metals’ and Union Carbide’s holes, which were previously reported on February 28, 2018. From the following table, the average grade and true thickness of the high-grade vanadium unit from intercepts along Section line A is 0.75% V2O5 and 23.7 metres.

Updated Table of Intercepts Along Section A

Hole ID	From (m)	To (m)	Length (m)	V2O5 %	Zn (%)	Ag (g/t)
R-33	1.52	25.96	27.44	0.99	0.36	N/A
DDC17-04	5.18	20.50	15.32	0.75	0.17	11.6
R-63	0.00	25.91	25.91	0.57	0.44	N/A
DDC17-05	3.67	29.00	25.33	1.07	0.33	7.6
R-30A	0.00	19.81	19.81	0.73	0.17	N/A
DDC18-06	15.60	34.50	18.90	1.07	0.47	7.1
R-71	6.10	42.67	36.57	0.73	0.35	N/A
DDC18-14	20.50	56.50	36.00	0.77	0.35	5.4
R-72	33.53	51.82	18.29	0.81	0.34	N/A
R-41	51.82	67.06	15.24	0.64	0.30	N/A
R-37	54.86	79.25	24.39	0.50	0.22	N/A
R-38	18.29	39.62	21.33	0.64	0.46	N/A

R holes are historic drill holes, N/A = not analyzed; DDC17-04 to 06 previously reported

Additional Twinned Hole Results

Two of the newly reported holes specifically twinned Union Carbide rotary holes from 1967 to confirm and compare rotary results (depth, thickness and grade of the high grade vanadium unit) to diamond drill core results. In both cases the twinned holes compared very well with Union Carbide holes in the depth, thickness and grade of the high-grade vanadium unit.

Twinned Holes Comparison

Company	Hole ID	From (m)	To (m)	Length (m)	V2O5 %	Zn (%)	Ag (g/t)
Union Carbide	R-94	18.29	76.20	57.91	0.96	0.46	N/A
Cornerstone Metals	DDC18-19	28.50	76.00	47.50	1.08	0.43	5.9
Union Carbide	R-67	12.19	60.96	48.77	0.92	0.35	N/A
Cornerstone Metals	DDC18-16	8.50	71.50	63.00	0.83	0.49	15.9

The confirmation drilling program was supervised by Paul Cowley, P.Geo., President and CEO of the Company and the Qualified Person for the program. Drill core recoveries averaged 85%. Industry standard quality control and quality assurance protocols have been followed in handling, sampling and shipping the core. The core has been photographed, geotechnically logged and geologically logged. Extensive specific gravity measurements have been taken on the core to aid in a future mineral resource estimation. The core has been cut in half, with one half sent for analysis and the other half stored as witness core in a secure dry facility in Elko, Nevada. Samples have been sent for analyses to MS Analytical, an ISO 17025 accredited laboratory.

The Carlin Vanadium deposit has a historic Inferred mineral resource estimate of 28 million tons at 0.515% vanadium pentoxide (V2O5), having a total metal content of 289 million pounds V2O5, defined by Dr. Bart Stryhas of SRK Consulting (USA), Inc. in 2010. The estimate was based on a 0.3% V2O5 cut-off grade with the reasonable potential for economic extraction under a conceptual open pit mining and milling scenario and defined by 127 rotary holes completed by Union Carbide in the late 1960s. V2O5 grades were estimated using an Inverse Weighting to the second power. The results of the 2010 resource estimation provided a CIM classified Inferred Mineral Resource. The quality of the historical data was good and the Mineral Resource was classified as inferred mainly due to the fact that the rotary drilling had not been verified by a modern program. The historical estimate does not include any recent data available to the Company. The Company is not treating this historical estimate as current mineral resources and as such, should not be relied upon. The work needed to upgrade the historical estimate as current mineral resources is to use current costs and metal prices and include the results from the verification diamond drilling program.

Vanadium’s Growing Importance for Steel Manufacturing

About Cornerstone Metals Inc.

Cornerstone’s objective is to advance exploration/development stage copper, precious and strategic minerals properties to production in the Americas. The Company’s management and board core competence is in exploration, permitting, development, construction, and operating high value mining projects.

Cornerstone Metals has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada. The project is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is locally exposed on surface, where it cuts topography, but is mostly found at shallow depths, commonly between 0-60m (0-200 ft) below surface.

Cornerstone Metals also owns 100% (subject to 1.5% NSR) of the West Jerome property, near Jerome, Arizona, on the west side of Freeport McMoRan patented lands. The property, in a Volcanogenic Massive Sulfide camp, is a high-grade, massive sulfide target located 2.4 km south of the past-producing United Verde (32 million tons grading 4.4% copper, 1.5 oz/t silver and 0.04 oz/t gold). The West Jerome property has attractive untested drill targets.

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Cornerstone Metals Inc. Grants Stock Options

Sat, 07 Apr 2018 04:28:30 +0000

April 6 , 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) announces the grant of 1,250,000 stock options to directors, officers, and consultants of the Company, at an exercise price of $0.56 per share, for a five year term, subject to the terms and conditions of the Company’s stock option plan. Following this grant of stock options, the Company has a total of 3,090,000 stock options outstanding, representing 9.9% of the outstanding common shares of the Company.

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]

Twinned Hole Returns 65% Higher Vanadium Grade (1.47% V205) over 46.5 metres on Cornerstone Metals’ Carlin Vanadium Project

Wed, 04 Apr 2018 20:17:59 +0000

April 4 , 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) announces the results of 5 holes, DDC18-09 to DDC18-13, of the 20 hole confirmation diamond drilling program on its Carlin Vanadium Project, Nevada. The Carlin Vanadium Project is one of the largest, richest primary vanadium deposits in North America (USGS Professional Paper 1802 Critical Mineral Resources of the United States—Economic and Environmental Geology and Prospects for Future Supply dated December 18, 2017).

Four of the newly reported holes were infill diamond drill holes. In addition, Cornerstone’s diamond drill hole DDC18-09 specifically twinned a Union Carbide rotary hole R111A from 1967 to confirm and compare rotary results (depth, thickness and grade of the high grade vanadium unit) to diamond drill core results, besides comparing historic to modern analytical techniques. DDC18-09 compared very well with R111A in the depth and thickness of the high-grade vanadium unit. Surprisingly though, the grade encountered in DDC18-09 was 65% higher than in the historic rotary hole R-111A as tabled below:

Twin Hole Comparison

Company	Hole ID	From (m)	To (m)	Length (m)	V2O5 %	Zn (%)	Ag (g/t)
Union Carbide	R-111A	7.62	56.39	48.77	0.89	0.22	N/A
Cornerstone Metals	DDC18-09	10.00	56.50	46.50	1.47	0.33	7.5

“Many of our verification holes within the confines of the historic resource area have returned higher grades than their neighbouring historic holes. Now, with this first twinned hole, there is growing evidence to suggest that historic grades may be understated”, said Cornerstone President and Chief Executive Officer Paul Cowley.

The Carlin Vanadium deposit has a historic Inferred mineral resource estimate of 28 million tons at 0.515% vanadium pentoxide (V2O5), having a total metal content of 289 million pounds V2O5, defined by Dr. Bart Stryhas of SRK in 2010. The estimate was based on a 0.3% V2O5 cut-off grade with the reasonable potential for economic extraction under a conceptual open pit mining and milling scenario and defined by 127 rotary holes completed by Union Carbide in the late 1960s. V2O5 grades were estimated using an Inverse Weighting to the second power. The results of the 2010 resource estimation provided a CIM classified Inferred Mineral Resource. The quality of the historical data was good and the Mineral Resource was classified as inferred mainly due to the fact that the rotary drilling had not been verified by a modern program. The historical estimate does not include any recent data available to the Company. The Company is not treating this historical estimate as current mineral resources and as such, should not be relied upon. The work needed to upgrade the historical estimate as current mineral resources is to use current costs and metal prices and include the results from the verification diamond drilling program.

Results in Detail

The Carlin Vanadium deposit, as it is known to date, covers an area 2km long by up to 700m wide and can be subdivided into 4 sectors; the Southern, Central, Northern and Western sectors. The five newly reported holes are all within an area 275m by 60m in the Central sector. An updated map has been placed on the Company’s website (http://cornerstonemetals.ca/images/PDF/Resource_verification_drilling_A-D.pdf) to graphically demonstrate the Cornerstone and older drill hole collars, outer limits of the historic resource and the sectors. The section lines A through C and the first eight confirmation holes were described in the February 28, 2018 news release.

The five newly reported holes align on Section line D of the map. As a way to compare the newly reported DDC18-09 to DDC18-13 results to neighbouring older holes, a 500m long north-south section line D has been drawn though these holes and other historic holes, with their intercepts listed in the following table.

All drilling on the property to date has been vertical and the high grade zone is interpreted to be horizontal, therefore all drill intercepts are considered to be true thickness.

Drill Intercepts Along Section D

Hole ID	From (m)	To (m)	Length (m)	V2O5 %	Zn (%)	Ag (g/t)
DDC18-09	10.00	56.50	46.50	1.47	0.33	7.5
R-77	6.10	32.00	25.90	0.54	0.20	N/A
DDC18-08	21.00	60.00	45.00	0.84	0.38	6.5
R-76	0.00	10.67	10.67	0.69	0.27	N/A
DDC18-12	0.25	15.00	14.75	0.68	0.16	5.8
*and*	27.00	33.00	5.00	0.36	0.22	1.8
DDC18-11	9.00	58.50	49.50	0.45	0.23	2.8
R-75	4.57	48.77	44.20	1.40	0.41	N/A
DDC18-10	21.00	61.50	40.50	0.55	0.20	2.6
R-18	3.05	44.20	41.15	0.69	N/A	N/A
DDC18-13	3.00	40.00	37.00	1.02	0.38	5.0
R-40	12.19	47.24	35.05	0.70	0.37	N/A
R-70	12.19	24.38	12.19	0.80	0.34	N/A
DDC18-06	15.60	34.50	18.90	1.07	0.47	7.1

R holes are historic drill holes, DDC18-06 and -08 were previously reported, N/A = not analyzed

The table above demonstrates that the Cornerstone drilling favourably supports the neighbouring historic holes with zone continuity in similar width and grade where the zone was expected. This demonstrates a widespread near surface horizontal high grade mineralized zone. Holes DDC17-09 and DDC18-13 yielded higher grades than the average intercept in the section line table.

The drilling program was supervised by Mr. Cowley, P.Geo., President and CEO of the Company and Qualified Person for the program. Drill core recoveries averaged 85%. Industry standard quality control and quality assurance protocols have been followed in handling, sampling and shipping the core. The core has been photographed, geotechnically logged and geologically logged. Extensive specific gravity measurements have been taken on the core to aid in a future mineral resource estimation. The core has been cut in half, with one half sent for analysis and the other half stored as witness core in a secure dry facility in Elko, Nevada. Samples have been sent for analyses to MS Analytical, an ISO 17025 accredited laboratory.

Vanadium’s Growing Importance

About Cornerstone Metals Inc.

Cornerstone Metals has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada. The project is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is locally exposed on surface, where it cuts topography, but is mostly found at shallow depths, commonly between 0-60m (0-200 ft) below surface.

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Cornerstone Metals Closes $3,000,000 Non-brokered Private Placement

Wed, 28 Mar 2018 08:29:55 +0000

March 27, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) is pleased to announce that it has closed its non-brokered private placement previously announced March 1, 2018 and subsequently amended on March 2, 2018 to increase the number of units offered. The Company has issued an aggregate of 10,000,000 units at a price of $0.30/unit for gross proceeds of $3,000,000. Securities issued pursuant to the private placement will be subject to a four month hold period until July 28, 2018.

Insiders of the Company purchased a total of 394,700 units under the private placement, which is considered a related party transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(a), respectively, of MI 61-101 in respect of such insider participation. No new insiders and no control persons were created in connection with the private placement.

In connection with the private placement, the Company paid cash finder’s fees totaling $53,184.60.

About Cornerstone Metals Inc.

The Company has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada, and is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is approximately 55m (180 feet) thick striking north-south over 1,860m (6,100ft) in length and dipping 5°-30° west averaging 760m (2,500ft) of down dip extent from surface. The deposit is locally exposed on surface, where it cuts topography, but mostly is found at shallow depths, commonly between 15-60m (50-200 ft) below surface.

Cornerstone also owns 100% (subject to 1.5% NSR) of the West Jerome property, near Jerome, Arizona, on the west side of Freeport McMoRan patented lands. The property, in a Volcanogenic Massive Sulfide camp, is a high-grade, massive sulfide target located 2.4 km south of the past-producing United Verde (32 million tons grading 4.4% copper, 1.5 oz/t silver and 0.04 oz/t gold). The West Jerome property has attractive untested drill targets.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Paul Cowley”

President & CEO

For further information, please contact:

Paul Cowley

Tel: (604) 340-7711

Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. In particular, this news release contains forward-looking information regarding the use of proceeds of the private placement and the acquisition of the Carlin Vanadium Project, Nevada. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. These assumptions include, but are not limited to: future costs and expenses being based on historical costs and expenses, adjusted for inflation; and market demand for, and market acceptance of, the offering. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Cornerstone Metals Increases Non-brokered Private Placement to $3,000,000

Sat, 03 Mar 2018 04:16:51 +0000

March 2, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSXV – CCC) (“Cornerstone” or the “Company”) is pleased to announce that it is over-subscribed for its non-brokered private placement, previously announced March 1, 2018. Accordingly, the Company will be increasing its private placement such that it now proposes to sell and issue up to 10,000,000 units at a price of $0.30/unit for gross proceeds of up to $3,000,000.

Each unit will be comprised of one share and one half warrant. Each full warrant will be exercisable into one common share for a period of two years at an exercise price of $0.45 per share. The warrants are subject to an acceleration clause should the common shares trade at a price of $0.70 or greater for 10 consecutive trading days.

The proceeds of the private placement will be used to carry out exploration programs, metallurgical test work, environmental and engineering studies on the Company’s Carlin Vanadium Project and West Jerome property and for general working capital. The Company may pay a finder’s fee of cash, to eligible persons, in compliance with applicable securities laws and exchange policies. There is no material fact or material change about Cornerstone that has not been generally disclosed. This financing is subject to TSXV approval.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 as amended (1933 Act), or any state securities laws, and may not be offered or sold within the United States or to, or for account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About Cornerstone Metals Inc.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Paul Cowley”

CEO & President

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. In particular, this news release contains forward-looking information regarding the acquisition of the Carlin Vanadium Project, Nevada, the proposed private placement offering and the use of proceeds of such offering. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. These assumptions include, but are not limited to: future costs and expenses being based on historical costs and expenses, adjusted for inflation; and market demand for, and market acceptance of, the offering. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Cornerstone Metals Announces $1,500,000 Non-brokered Private Placement

Fri, 02 Mar 2018 03:28:26 +0000

March 1, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSXV – CCC) (“Cornerstone” or the “Company”) is pleased to announce a non-brokered private placement of up to 5,000,000 units at a price of $0.30 per unit for gross proceeds of up to $1,500,000. Each unit will be comprised of one share and one half warrant. Each full warrant will be exercisable into one common share for a period of two years at an exercise price of $0.45 per share. The warrants are subject to an acceleration clause should the common shares trade at a price of $0.70 or greater for 10 consecutive trading days.

The proceeds of the private placement will be used to carry out exploration programs on the Company’s Carlin Vanadium Project and West Jerome property and for general working capital. The Company may pay a finder’s fee of cash, to eligible persons, in compliance with applicable securities laws and exchange policies. There is no material fact or material change about Cornerstone that has not been generally disclosed. This financing is subject to TSXV approval.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 as amended (1933 Act), or any state securities laws, and may not be offered or sold within the United States or to, or for account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About Cornerstone Metals Inc.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

ON BEHALF OF CORNERSTONE METALS INC.
per:

“Paul Cowley”
CEO & President

For further information, please contact:
Paul Cowley
Tel: 604-340-7711
Email: [email protected]

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. In particular, this news release contains forward-looking information regarding the acquisition of the Carlin Vanadium Project, Nevada, the proposed private placement offering and the use of proceeds of such offering. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. These assumptions include, but are not limited to: future costs and expenses being based on historical costs and expenses, adjusted for inflation; and market demand for, and market acceptance of, the offering. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Cornerstone Metals Clarifies Disclosure on its Carlin Vanadium Project

Fri, 02 Mar 2018 01:00:00 +0000

March 1, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) at the request of IIROC, wishes to clarify its disclosure regarding the historic resource on the project. The historic Inferred mineral resource quoted in its news release of February 28, 2018 of 28 million tons at 0.515% vanadium pentoxide (V2O5), having a total metal content of 289 million pounds V2O5, based on a 0.3% V2O5 cut-off grade (“CoG”), was calculated by SRK in 2010, based on drilling completed by Union Carbide in the late 1960s.

In 2010 a resource estimation was made by Dr. Bart Stryhas for Energy Metal Corp (EMC). Dr. Stryhas was independent of EMC. Dr. Bart Stryhas constructed the geologic and resource model supported by information from the 152 rotary drillholes totaling 36,525 ft. The drillholes are generally oriented along sections at azimuth 70° or 90°and are all oriented vertical. The drillhole depths range from 20 ft to 500 ft with an average of 240 ft. The drillhole database was compiled by EMC and verified by SRK. The 2010 resource estimation was based on a generalized geologic model and confined within a V2O5 grade shell. The geological model assumed that the mineralization was stratigraphically controlled, following the strike and dip of the host lithology, defining a zone of mineralization striking north-south over 6,100 ft of length and dipping 5°to 30° west averaging 2,500 ft of downdip extent. Each model block was assigned an average density of 2.34 (g/cm3) based on the lithologies present.

The 0.3% V2O5 CoG was chosen in 2010 for resource reporting based on the reasonable potential for economic extraction under a conceptual open pit mining and milling scenario. The CoG was calculated using US$2.30/st mining cost, US$35/st milling cost, US$0.50/st admin cost, 65% recovery, 95% selling pay-for, 1% freight charge, 0% royalty and a US$10.46/lb V2O5 value. The results reported in the historic resource statement are rounded to reflect the approximation of grade and quantity, which can be achieved at this level of resource estimation.

Drillhole samples were composited into 25 ft bench lengths without breaks at geologic contacts. The raw V2O5 assays were capped at 2.2% prior to compositing. The model blocks were 50 ft x 50 ft x 25 ft in the x,y,z directions, respectively. V2O5 grades were estimated using an Inverse Weighting to the second power. A minimum of three and maximum of 12 composites were required for the block grade estimations.

The results of the resource estimation provided a CIM classified Inferred Mineral Resource. The quality of the historical data was good and the Mineral Resource was classified as inferred mainly due to the fact that the rotary drilling has not been verified by a modern program.

A current mineral resource has not been delineated on the property. The Company is not treating this historical estimate as a current mineral resource. The work needed to upgrade the historical estimate as current mineral resources is to use current costs and metal prices and include the results from the Company’s verification drilling.

As no current mineral resource has been delineated on the property the Company wishes to retract the statement: “there is excellent potential to expand the deposit.”

The source document to support the Company’s statement “The Carlin Vanadium deposit contains one of North America's largest, richest known primary deposits of vanadium with unsurpassed accessibility” is USGC Professional Paper 1802 Critical Mineral Resources of the United States—Economic and Environmental Geology and Prospects for Future Supply dated December 18, 2017.

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Initial Drill Results Confirm Higher than Expected Vanadium Grades on Cornerstone Metal’s Carlin Vanadium Project

Wed, 28 Feb 2018 22:05:00 +0000

February 28, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) announces the results of the first 8 holes of the 20 hole confirmation diamond drilling program on its Carlin Vanadium Project, Nevada. The new holes support the neighbouring historic holes with zone continuity in width and grade where expected, demonstrating an extensive near surface horizontal high grade mineralized vanadium zone. Five of eight new holes returned much higher vanadium grades compared to their neighbouring historic holes. The drilling also provides new silver and zinc values not previously documented.

“We are very pleased with the initial drill results as they demonstrate consistency of the widespread high grade vanadium zone with good thickness and grade”, said Cornerstone President and Chief Executive Officer Paul Cowley. “These holes are a great step in confirming the deposit. It’s not surprising that the systematic historic Union Carbide drilling provides a solid and reliable base to work from. And adding to this, all of the new holes within the limits of the historic resource returned higher grades than their neighbouring historic holes.”

The Carlin Vanadium Project contains one of North America’s largest, richest known primary deposits of vanadium with unsurpassed accessibility. The deposit has a historic Inferred mineral resource estimate of 28 million tons at 0.515% vanadium pentoxide (V2O5), having a total metal content of 289 million pounds V2O5, based on a 0.3% V2O5 cut-off grade and defined by 127 holes completed by Union Carbide in the late 1960s. The historical estimate does not include any recent data available to the Company. The Company is not treating this historical estimate as current mineral resources and as such, should not be relied upon. The work needed to upgrade the historical estimate as current mineral resources is to use current costs and metal prices and include the results from the verification diamond drilling program.

The Carlin Vanadium deposit, as it is known to date, covers an area 2km long by up to 700m wide and can be subdivided into 4 sectors; the Southern, Central, Northern and Western sectors. The Southern and Central sectors have the most historic drilling and thus the bulk of the historic resource. The Northern and Western sectors have been lightly drilled and thus hold much smaller proportions of the historic resource. The infill confirmation diamond drilling program conducted by the Company consists of 13 holes in the Central sector, 4 in the Southern sector and 3 holes in the Northern sector. Results received to date and reported below include 6 holes from the Central sector and 2 holes from the Northern sector. Results from the remaining 12 holes are pending. A map has been added to the Company’s website (www.cornerstonemetals.ca) to graphically demonstrate the new and old drill hole collars, outer limits of the historic resource, the sectors and the section lines A through C described in this news release.

Verification Drilling

Holes DDC17-03 through -05 and DDC18-06 were concentrated in the northern part of the Central sector. As a way to compare their results to neighbouring older holes, a north-south and an east-west section line has been drawn though these holes and other historic holes, with their intercepts listed in the following 2 tables. Section lines A and B cross at hole DDC17-05. Holes DDC17-04 and -05 and DDC18-06 fall on the 620m long north-south Section A (refer to map on the Company website). Holes DDC17-03 and DDC17-05 fall on the 540m long east-west Section B drawn through the Central and Western sectors. As all drilling to date on the property has been vertical and the high grade zone is interpreted to be horizontal, all drill intercepts are considered to be true thickness.

Intercepts Along Section A

Hole ID	From (m)	To (m)	Length (m)	V2O5 %	Zn (%)	Ag (g/t)
R-33	1.52	25.96	27.44	0.99	0.36	N/A
DDC17-04	5.18	20.50	15.32	0.75	0.17	11.6
R-63	0.00	25.91	25.91	0.57	0.44	N/A
DDC17-05	3.67	29.00	25.33	1.07	0.33	7.6
R-30A	0.00	19.81	19.81	0.73	0.17	N/A
DDC18-06	15.60	34.50	18.90	1.07	0.47	7.1
R-71	6.10	42.67	36.57	0.73	0.35	N/A
R-72	33.53	51.82	18.29	0.81	0.34	N/A
R-41	51.82	67.06	15.24	0.64	0.30	N/A
R-37	54.86	79.25	24.39	0.50	0.22	N/A
R-38	18.29	39.62	21.33	0.64	0.46	N/A

R holes are historic drill holes, N/A = not analyzed

Intercepts Along Section B

Hole ID	From (m)	To (m)	Length (m)	V2O5 %	Zn (%)	Ag (g/t)
R-119	18.29	47.24	28.95	0.64	0.17	N/A
R-118	18.29	39.62	21.33	0.48	0.21	N/A
R-120	0.00	22.86	22.86	0.51	0.23	N/A
R-117	35.05	44.20	9.15	0.36	0.27	N/A
R-62	0.00	7.62	7.62	0.55	0.11	N/A
DDC17-05	3.67	29.00	25.33	1.07	0.33	7.6
DDC17-03	15.85	30.5	14.65	0.68	0.25	9.6
R-53	6.10	30.48	24.38	0.42	0.20	N/A
R-52	19.81	33.53	13.72	0.95	0.32	N/A
R-66	59.44	77.72	18.28	0.59	0.17	N/A

R holes are historic drill holes, N/A = not analyzed

Both tables above demonstrate that the new drilling favourably supports the neighbouring historic holes with zone continuity in similar width and grade where the zone was expected, demonstrating a widespread near surface horizontal high grade mineralized zone. Holes DDC17-03, -04 and -5, and DDC18-06 all yielded higher grades than the average intercept in their section line table. It should be noted that DDC17-04 is a step-out beyond the limits of the historic resource area, thus demonstrating potential gains.

From the drill holes listed above, other parallel lower grade vanadium zones lie above and below the high grade vanadium zone, with grades between 0.2 and 0.45% V2O5 and thicknesses between 4.57 – 18.29m but are not included in the above 2 tables.

DDC18-07 and DDC18-08 tested the southern part of the Central sector. As a way to compare their results to neighbouring older holes, a 300m long northeast section line (Section C) drawn through the Central sector include DDC18-07 and DDC18-08 together with other historic holes with intercepts tabled below.

Intercepts Along Section C

Hole ID	From (m)	To (m)	Length (m)	V2O5 %	Zn (%)	Ag (g/t)
DDC18-07	1.50	21.00	19.50	0.20	0.10	1.3
R-77	6.10	32.00	25.90	0.54	0.20	N/A
DDC18-08	21.00	60.00	45.00	0.84	0.38	6.5
R-79	48.77	77.72	28.95	0.47	0.30	N/A
R-78	70.10	82.30	12.20	0.69	0.30	N/A
R-38	18.29	39.62	21.33	0.64	0.46	N/A
R-44	24.38	45.72	21.34	0.73	0.43	N/A
R-50	48.77	59.44	10.67	0.72	0.20	N/A
R-23	42.67	54.86	12.19	0.63	0.36	N/A

R holes are historic drill holes, N/A = not analyzed

Again, the Section C table above demonstrates that the new drilling favourably supports the neighbouring historic holes with zone continuity in similar width and grade where the zone was expected, demonstrating the widespread near surface horizontal high grade mineralized zone. DDC18-08 is the thickest and highest grade on this section line. DDC18-07 intersected the vanadium unit where expected with similar widths but, with lower grade. DDC18-07 was drilled outside the limits of the historic resource area.

Other parallel lower grade vanadium zones lie above and below the high grade zone in the above holes with grades between 0.2 and 0.40% V2O5 and thicknesses between 4.57 – 19.81m that are not included in the following table.

DDC17-01 and DDC17-02 were drilled in the Northern sector in an effort to expand this sector of the deposit to the east. This sector, although typically with good grades (0.61-1.23% V2O5) and thicknesses (7.62-28.96m), is more characterized as a narrow linear 240m long by 80m wide northern tip of the deposit. Holes DDC17-01 and DDC17-02 encountered the vanadium unit where expected with typical widths, however, the grades were lower, 18m @ 0.24% V2O5 and 39m @ 0.18% V2O5, respectively. These two holes lie outside the limits of the historic resource.

The drilling program has been supervised by Mr. Cowley, P.Geo., President and CEO of the Company and Qualified Person for the program. Drill core recoveries averaged 85%. Industry standard quality control and quality assurance protocols have been followed in handling, sampling and shipping the core. The core has been photographed, geotechnically logged and geologically logged. Extensive specific gravity measurements have been taken on the core to aid in a future mineral resource estimation. The core has been cut in half, with one half sent for analysis and the other half stored as witness core in a secure dry facility in Elko, Nevada. Samples have been sent for analyses to MS Analytical, an ISO 17025 accredited laboratory.

Potential to Expand

The deposit has excellent potential to expand. The size of the known vanadium deposit is limited to date to the extent of the concentrated drilling by Union Carbide. Nearly all edges of the deposit end with drill holes containing good grades and widths.

Vanadium’s Growing Importance

Vanadium is also growing in importance to key industrial manufacturing sectors most notably steel and renewable energy. Today, more than 85 percent of the world’s vanadium is used in steel manufacturing applications. Its importance to the energy sector is also growing rapidly with more than 10 percent of vanadium production used in energy storage where its substantial cost and performance benefits make it an alternative choice to lithium ion in several areas.

About Cornerstone Metals Inc.

The Company has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada, and is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is locally exposed on surface, where it cuts topography, but mostly is found at shallow depths, commonly between 0-60m (0-200 ft) below surface.

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Cornerstone Metals Completes Major Milestone at its Carlin Vanadium Project in Nevada Infill Drilling Completed as Company Moves to Next Phase

Fri, 09 Feb 2018 04:09:13 +0000

February 8, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) announces that it has completed the infill diamond drilling program on its Carlin Vanadium Project with the completion of 20 vertical holes in 1629.61 metres of HQ core.

The Carlin Vanadium Project contains one of North America’s largest, richest known primary deposits of vanadium with unsurpassed accessibility. The deposit has a historic Inferred mineral resource estimate of 28 million tons at 0.515% vanadium pentoxide (V2O5), having a total metal content of 289 million pounds V2O5, based on a 0.3% V2O5 cut-off grade. The historical estimate does not include any recent data available to the Company. The Company is not treating this historical estimate as current mineral resources and as such, should not be relied upon. The work needed to upgrade the historical estimate as current mineral resources is to use current costs and metal prices and include the results from the infill diamond drilling program.

The objective of the infill drilling program was to verify the Carlin Vanadium Deposit model and grade and increase confidence in the vanadium deposit that had been defined by 152 holes completed by Union Carbide in the late 1960s. The recent infill drilling program has tightened the drill spacing from the systematic 60 metre to 45 metre centres along the spine of the deposit. Lithological aspects of the deposit have been visually verified by the core program. Samples from the infill drilling program are in the lab, with the final holes making their way there shortly.

“Another planned milestone has been reached with the completion of this drill program, with the next milestone targets in sight,” said Cornerstone President and Chief Executive Officer Paul Cowley. “Once all assays are disseminated, we will adjust the geological model as needed and move toward producing an updated mineral resource estimate. We are advancing briskly toward positive results for this extraordinary project.”

About Cornerstone Metals Inc.

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project and with respect to current and planned drill programs, the results of exploration programs, and changes in mineral resources. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Cornerstone Metals Lists on U.S. OTCQB® Venture Securities Market

Tue, 23 Jan 2018 22:10:28 +0000

Press & Analysts Contact:

Stewart Chalmers

H4C Group

+1 818-681-3588

[email protected]

January 23, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) announces its new trading symbol of CCCCF for its common stock, which has commenced trading in the United States on the OTCQB® Venture Market.

“Cornerstone's expansion into the U.S. securities markets is a milestone that brings our Company substantially added access to institutional and individual investors," said Cornerstone President and Chief Executive Officer Paul Cowley. “We are confident that our listing on this active marketplace can significantly enhance liquidity for our shareholders and extend investor awareness of our Company throughout the U.S. and beyond."

Cornerstone Metals is an emerging exploration company whose most recently added initiative is the Carlin Vanadium Project, which contains one of North America's largest, richest known primary deposits of vanadium, an industrial mineral critical to industries ranging from steel to utility scale battery storage technology. The Company's analysis illustrates that the Nevada site's vanadium deposit features a combination of high grade and unsurpassed accessibility.

About Cornerstone Metals Inc.

Cornerstone's objective is to advance exploration/development stage strategic, copper, and precious minerals properties to production in the Americas. The Company's Management and Board Core Competence is in exploration, permitting, development, construction, and operation of mining projects.

The Company has an option to earn a 100% interest in the Carlin Vanadium Project, which has one of the largest, richest known primary vanadium deposits in North America. The Carlin Vanadium Project is located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada, and is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium deposit was discovered by Union Carbide Corp. (UCC) in the 1960's, which completed surface mapping, trenching and 152 rotary drill holes in 11,133m (36,525 feet) of drilling. The average drill hole spacing was 60m (200ft) apart within the more densely drilled areas. Drilling indicates a zone of mineralization approximately 55m (180 feet) thick striking north-south over 1,860m (6,100ft) in length and dipping 5°-30° east and west averaging 760m (2,500ft) of down dip extent from surface. The mineralized unit is locally exposed on surface, where it cuts topography, but mostly is found at shallow depths, commonly between 15-60m (50-200 ft) below surface.

ON BEHALF OF CORNERSTONE METALS INC.

per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected]

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Cornerstone Metals Announces Listing on U.S. OTCQB® Venture Securities Market

Mon, 22 Jan 2018 22:24:12 +0000

Press & Analysts Contact:	TSX-V: CCC
Stewart Chalmers	OTCQB: APPPF
H4C Group	FSE: 1PY
+1 818-681-3588
[email protected]

January 22, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (“Cornerstone” or the “Company”) announces that its common stock has commenced trading in the United States on the OTCQB® Venture Market, under the trading symbol APPPF.

OTC Markets Group Inc. operates the OTCQB® Venture Market, the OTCQX® Best Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, OTC Markets Group connects a diverse network of broker-dealers that provide liquidity and execution services. OTC Markets Group enables investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

“Cornerstone’s expansion into the U.S. securities markets is a milestone that brings our Company substantially added access to institutional and individual investors,” said Cornerstone President and Chief Executive Officer Paul Cowley. “We are confident that our listing on this active marketplace can significantly enhance liquidity for our shareholders and extend investor awareness of our Company throughout the U.S. and beyond.”

Cornerstone Metals is an emerging exploration company whose most recently added initiative is the Carlin Vanadium Project, which contains one of North America’s largest, richest known primary deposits of vanadium, an industrial mineral critical to industries ranging from steel to utility scale battery storage technology. The Company’s analysis illustrates that the Nevada site’s vanadium deposit features a combination of high grade and unsurpassed accessibility.

In additional news, the Company announces the appointment of Barry Girling to its advisory board. Mr. Girling is an independent business consultant active in resource companies for over 35 years, including serving as a director of Silver One Resources, Zinc One Resources and iMinerals Inc. and was a founder and former director of Roxgold Inc. Having been involved in all facets of project development from grass roots exploration through feasibility study, he has experience in project finance and development and corporate/shareholder communications.

The Company also announces the grant of 35,000 stock options to a consultant of the Company, at an exercise price of $0.30 per share, for a five year term, subject to the terms and conditions of the Company’s stock option plan. Following this grant of stock options, the Company has a total of 1,840,000 stock options outstanding representing approximately 9.0% of the outstanding common shares of the Company.

About Cornerstone Metals Inc.

The Company has an option to earn a 100% interest in the Carlin Vanadium Project, which has one of the largest, richest known primary vanadium deposits in North America. The Carlin Vanadium Project is located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada, and is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium deposit was discovered by Union Carbide Corp. (UCC) in the 1960’s, which completed surface mapping, trenching and 152 rotary drill holes in 11,133m (36,525 feet) of drilling. The average drill hole spacing was 60m (200ft) apart within the more densely drilled areas. Drilling indicates a zone of mineralization approximately 55m (180 feet) thick striking north-south over 1,860m (6,100ft) in length and dipping 5°-30° east and west averaging 760m (2,500ft) of down dip extent from surface. The mineralized unit is locally exposed on surface, where it cuts topography, but mostly is found at shallow depths, commonly between 15-60m (50-200 ft) below surface.

ON BEHALF OF CORNERSTONE METALS INC.

per: “Paul Cowley”

CEO & President

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Cornerstone Metals Inc. Commences Drilling at its Carlin Vanadium Project

Mon, 18 Dec 2017 22:12:00 +0000

Press & Analysts Contact:

Stewart Chalmers

H4C Group

+1 818-681-3588

[email protected]

December 18, 2017 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) announces that it has commenced a verification diamond drilling program on the Carlin Vanadium Project. The goal of the program is to enable the Company to upgrade the historic resource to a current resource, as well as to provide material to conduct metallurgical testwork on vanadium recoveries and investigate the presence and grade of other accompanying elements such as zinc, silver and cobalt.

The 20 vertical hole HQ core program is designed to in-fill the existing 132 hole drill pattern that currently defines the vanadium deposit, resulting in an improved drillhole density of approximately 45m spacing. Cornerstone reports that it has already completed three core holes.

The Carlin Vanadium Project contains one of the United States’ largest known primary deposits of vanadium, an industrial mineral critical to industries ranging from steel to utility scale battery storage technology. The Company’s analysis illustrates that the Nevada site’s vanadium deposit features a combination of high-quality grade and unsurpassed accessibility.

“The speed in which the Company has mobilized drill contractors to site – mere days following receipt of its permit -- is a tribute to the skills of the Cornerstone team and to the conducive working environment in this region,” said Cornerstone President and Chief Executive Officer Paul Cowley.

In additional news, the Company announces the resignation of Jason Nickel, P.Eng. from the board of directors. Mr. Nickel is stepping down to pursue a full time operational role with a production company. The Board thanks Jason for his service to Cornerstone.

About Cornerstone Metals Inc.

The Company has an option to earn a 100% interest in the Carlin Vanadium Project, which has one of the largest known primary vanadium deposits in the U.S.A. The Carlin Vanadium Project is located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada, and is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium deposit was discovered by Union Carbide Corp. (UCC) in the 1960’s, which completed surface mapping, trenching and 152 rotary drill holes in 11,133m (36,525 feet) of drilling. The average drill hole spacing was 60m (200ft) apart within the more densely drilled areas. Drilling indicates a zone of mineralization approximately 55m (180 feet) thick striking north-south over 1,860m (6,100ft) in length and dipping 5°-30° east and west averaging 760m (2,500ft) of down dip extent from surface. The mineralized unit is locally exposed on surface, where it cuts topography, but mostly is found at shallow depths, commonly between 15-60m (50-200 ft) below surface.

ON BEHALF OF CORNERSTONE METALS INC.

per: “Paul Cowley”

CEO & President

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Cornerstone Metals Inc. Receives Permit to Drill at its Carlin Vanadium Project;

Tue, 12 Dec 2017 22:07:00 +0000

Press & Analysts Contact:

Stewart Chalmers

H4C Group

+1 818-681-3588

[email protected]

December 12, 2017 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) announces that it has received from the U.S. Bureau of Land Management (BLM) its Notice of Intent (NOI) permit to conduct a diamond drill program on its Carlin Vanadium Project near Carlin, Nevada. The Company has posted the required reclamation bond with the BLM and now has authorization to proceed with the program. The Company is making arrangements to start the program before mid December.

The program is designed with 20 vertical HQ holes totaling approximately 1,800m with the objective to in-fill the existing 132 hole drill pattern defining the vanadium deposit for grade and geological model verification. With this in-fill drill program, drill hole density will be approximately 45m spacing for improved confidence.

“We received our drill permit in the record time of three weeks,” said President and Chief Executive Officer Paul Cowley. “The speed with which our permit was approved reinforces our view that we are operating in a very favourable jurisdiction with significant infrastructural advantages.”

About Cornerstone Metals Inc.

ON BEHALF OF CORNERSTONE METALS INC.

per: “Paul Cowley”

CEO & President

For further information contact:

Paul Cowley

(604) 340-7711

[email protected]

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Cornerstone Metals Inc. Signs Investor Relations Agreement

Sat, 09 Dec 2017 04:25:00 +0000

December 8, 2017 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) announces that it has signed an investor relations agreement (“Agreement”) with H4C Group, Inc. (“H4C”).

Under the terms of the Agreement, H4C will provide counselling, support and management of an investor relations and investor outreach program to assist the Company with its investor relations and corporate finance initiatives and a marketing and external relations program. H4C will be paid consulting fees of US$30,000 per quarter. The initial term of the Agreement is for 18 months; however, following the first ninety (90) days of the Agreement, either party may terminate the Agreement for any reason upon sixty (60) days written notice. In conjunction with the signing of this Agreement, the Company has granted H4C stock options to purchase 160,000 shares at an exercise price of $0.25 per share for a five year term. The options will vest in increments of 25% in each of the first four quarters, subject to the terms and conditions of the Company’s stock option plan.

H4C is a technology focused, integrated marketing, investor relations and business strategy agency. Headquartered in Los Angeles, California, the company has offices in Berlin, New York and San Francisco, as well as partner affiliates throughout Southeast Asia. H4C delivers marketing, PR, investor relations and operations services designed to start, grow and expand its clients’ business. They have worked for a broad and diverse group of startups, emerging and Fortune 500 companies, both publicly and privately traded in the USA and overseas. H4C is arm’s length to the Company and it has advised the Company that prior to the execution of the Agreement and the grant of the options noted above, it had no interest, directly or indirectly, in Cornerstone or its securities.

About Cornerstone Metals Inc.

ON BEHALF OF CORNERSTONE METALS INC.

per: “Paul Cowley”

CEO & President

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company’s ability to meet the conditions required to exercise in full its option to acquire the Carlin Vanadium project. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Cornerstone Metals Makes Preparations for Drill Program on Carlin Vanadium Project

Tue, 28 Nov 2017 22:57:00 +0000

November 28, 2017 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) is pleased to announce that the Company is initiating field preparations for its diamond drill program on the Carlin Vanadium Project. Company geologists have designed a drill plan of 1,900m of diamond drilling in 23 holes to verify the grade and zone thicknesses of the historic resource already established from the 1960’s Union Carbide drilling of the vanadium deposit and to provide samples for metallurgical testwork. The Company submitted its Notice of Intent (NOI) application for the drill program to the Bureau of Land Management (“BLM”) November 7, 2017 and is awaiting approval, normally a 45 day process. In anticipation of this approval, crews are going to the Carlin Vanadium property this week to initiate the logistical set-up for the planned diamond drill program. The Company has requested quotes from several drill contractors for the program and will be meeting contractors on site. Company crews will also mark the drill collars in the field as well as the pre-existing roads and for 350m of new road building to access drill sites.

About Cornerstone Metals Inc.

Besides the rights to earn 100% in the Carlin Vanadium Property described above, Cornerstone owns 100% (subject to 1.5% NSR) of the West Jerome property, near Jerome, Arizona, on the west side of Freeport McMoRan patented lands. The property, in a Volcanogenic Massive Sulfide camp, is a high-grade, massive sulfide target located 2.4 km south of the past-producing United Verde (32 million tons grading 4.4% copper, 1.5 oz/t silver and 0.04 oz/t gold). The West Jerome property has attractive untested drill targets.

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Paul Cowley”

CEO & President

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the potential acquisition of the Carlin Vanadium project and the proposed diamond drill program, as described in the news release. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. In addition to other risks, the Company's potential acquisition may prove to be unsuccessful and the Company may be unable to complete such transaction, whether because due diligence was unsatisfactory or otherwise. Further, the Company may not attract capital in the future to finance the transaction costs or obligations under the Option Agreement, which could affect whether the Company proceeds with the exercise of its option thereunder. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Cornerstone Metals Closes the Carlin Vanadium Project Transaction

Thu, 09 Nov 2017 22:37:00 +0000

November 9, 2017 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) is pleased to announce the TSX Venture Exchange has accepted for filing the assignment of the property option agreement dated September 22, 2017 (the “Assignment Agreement”) between the Company and Americas Gold Exploration, Inc. (“AGEI”). Consequently, Cornerstone has closed on AGEI’s assignment to the Company of a 100% optioned interest in certain mineral claims referred to as the Carlin Vanadium/Black Kettle Project Property in Nevada (the “Property” or the “Carlin Vanadium Project”). Further details on the Assignment Agreement are set out below.

Paul Cowley, President and CEO comments, ”Another milestone has been reached. With the closing of the Carlin Vanadium transaction, the Company will seek drill permits as expeditiously as possible to initiate an infill diamond drill program. The project has exceptional technical merits, setting, location and infrastructure available to it.”

In addition, the Company has filed on SEDAR a Technical Report on the Property entitled NI 43-101 Technical Report on the Carlin Vanadium Project, Carlin, Nevada dated October 26, 2017 (the “Technical Report”) authored by Bart Stryhas, PhD, CPG and John Cooper, P.E. of SRK Consulting (US) Inc. (“SRK”).

The Carlin Vanadium Project has one of the largest known primary vanadium deposits in the U.S.A. The Carlin Vanadium Project is located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada, and is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium deposit was discovered by Union Carbide Corp. (UCC) in the 1960’s, which completed surface mapping, trenching and 152 rotary drill holes in 11,133m (36,525 feet) of drilling. The average drill hole spacing was 60m (200ft) apart within the more densely drilled areas. Drilling indicates a zone of mineralization approximately 55m (180 feet) thick striking north-south over 1,860m (6,100ft) in length and dipping 5°-30° east and west averaging 760m (2,500ft) of down dip extent from surface. The mineralized unit is locally exposed on surface where it cuts topography but mostly is found at shallow depths, commonly between 50-200 ft below surface. The vanadium-rich unit is defined as vanadium pentoxide (V₂O₅) with grades above 0.3% V₂O₅, and commonly found between 0.3% and 0.8% V₂O₅. From the drill hole assay database, there are 1536 samples with grades >0.2% V₂O₅, 991 samples with grades >0.3% V₂O₅ and 265 samples with grades between 0.8% and 3.1% V₂O₅. Sample lengths were typically 5 foot sample intervals. Very limited sampling of the vanadium-rich unit has also shown elevations of silver, zinc and cobalt.

The Technical Report is re-issued from the original report that was completed for Energy Metal Corp. (EMC) in April 2010, however the 2010 mineral resource estimate has been declared a historic resource in the current Technical Report and will remain a historic resource until such time as Cornerstone has it updated with current metal pricing and costs. The Company is not treating the historic mineral resource estimate as current and as such they should not be relied upon.

In the Technical Report, SRK recommended a two-stage development plan with the Phase 1 program consisting of infill diamond drilling with 18 wide spaced holes totaling 1,317m (4,320’) and metallurgical testwork will serve to confirm the mineralized intervals and grades reported from the historic rotary drilling.

Technical disclosure regarding the Technical Report in this news release has been reviewed and approved by Dr. Bart Stryhas, PhD, CPG., and Mr. John Cooper, P.E. both Qualified Persons as defined by National Instrument 43-101.

Assignment Agreement and Underlying Option Agreement

Pursuant to the Assignment Agreement, AGEI assigned to the Company all of AGEI’s interest in an option agreement between AGEI and Golden Predator US Holding Corp. (“GPUS”) dated June 14, 2017 as amended September 12, 2017 (the “Option Agreement”). GPUS, the owner of the Property, is a private Nevada corporation that is a subsidiary of Golden Predator Mining Corp. (TSXV:GPY). The Option Agreement grants to Cornerstone the option to acquire a 100% interest in the Carlin Vanadium Project.

Pursuant to the terms of the Assignment Agreement, in consideration for the assignment, Cornerstone will pay to AGEI: (i) cash payments totalling US$50,000; (ii) an aggregate of 2,000,000 common shares of the Company (issuable in stages); and a 1.5% NSR (to be granted when Cornerstone exercises its option and acquires its interest in the Property).

At closing, the Company paid AGEI US$35,000 (being the balance of cash payments due) and issued to AGEI the initial tranche of 1,000,000 common shares due. A finder’s fee of US$5,000 and 100,000 common shares of the Company was also paid and issued in relation to this transaction. All common shares issued at closing are subject to a 4 month hold period in compliance with Canadian securities law.

Under the terms of the Option Agreement, in order to earn its interest in the Property, Cornerstone is required to make cash payments to GPUS and to incur exploration expenditures on the Property, all as set out in the table below.

The total consideration applicable to Cornerstone’s acquisition of the Property under both the Assignment Agreement and the Option Agreement, is set out below on a yearly basis:

	Cash	Securities	Exploration or Other Work Commitments
Year 1	US$35,000 to AGEI (paid) US$25,000 to GPUS (paid)	1,000,000 shares to AGEI (issued)	US$50,000 expenditures on Property
Year 2	US$50,000 to GPUS	1,000,000 shares to AGEI	US$125,000 expenditures on Property
Year 3	--	--	US$225,000 expenditures on Property
Year 4	US$1,910,000 to GPUS⁽¹⁾	--	US$250,000 expenditures on Property⁽²⁾ Cornerstone to complete a PEA
Ongoing	US$250,000/year to AGEI commencing after PEA published (as advance royalty payment or advancement against royalty buy-back payment)	--	US$250,000 expenditures on Property in Year 5⁽²⁾ US$122,00 expenditures on the Property in Year 6⁽¹⁾

Notes:

Total cash payments aggregating US$2M may be paid to GPUS at any time after Year 3, the payment of which will complete the option exercise requirements, at which time Cornerstone would then be deemed to have exercised the option and to have acquired a 100% interest in the Property (and any requirements to incur further expenditures would then terminate).
If aggregate cash payments of US$2M (see Note 1 above) have not been paid prior to such date.

At such time as Cornerstone has exercised the option in full and acquired a 100% interest in the Property, a 1.5% NSR will be granted to AGEI under the Assignment Agreement and a 2% NSR will be granted to GPUS under the Option Agreement. The AGEI 1.5% NSR may be purchased by the Company at any time for US$1,000,000 per 0.5% NSR. The GPUS 2% NSR may be purchased by the Company at the time of the option exercise for US$4 million.

Grant of Options

The Company also announces the grant of 200,000 incentive stock options to a director of the Company, subject to the terms and provisions of the Company’s stock option plan, at an exercise price of $0.31 per share, for a five year term.

About Cornerstone Metals Inc.

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Paul Cowley”

CEO & President

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the potential acquisition of the Carlin Vanadium project as described in the news release. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. In addition to other risks, the Company's potential acquisition may prove to be unsuccessful and the Company may be unable to complete such transaction, whether because due diligence was unsatisfactory or otherwise. Further, the Company may not attract capital in the future to finance the transaction costs or obligations under the Option Agreement, which could affect whether the Company proceeds with the exercise of its option thereunder. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Cornerstone Metals Inc. Appoints Director

Mon, 06 Nov 2017 23:49:00 +0000

November 6, 2017 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSXV – CCC) (“Cornerstone” or the “Company”) is pleased to welcome Dr. Radomir Vukcevic to its Board of Directors, effective immediately.

Dr. Vukcevic received his PhD in Metallurgy from the University of Clausthal, West Germany and taught for more than 20 years as Associate Professor in Metallurgy at RMIT, Melbourne and Witwatersrand University, Johannesburg and a Professor of Metallurgy at University of Western Australia, Perth, published several books on metallurgy and holds several industrial patents for mining-related technologies. Following his teaching career, Dr. Vukcevic spent over 35 years in real-world engineering experiences by providing technological, technical and equipment solutions to mining companies globally. He was in Senior Management of Alcoa AWA in Melbourne, Perth, and Pittsburgh for 14 years and Anaconda (Anglo American/Glencore) for 3 years. He was CEO/Principal, Mineral Processing and Marketing, Australia Ltd. providing technological solutions for mining and metallurgical companies such as BHP Billiton, Jinchuan Group (China), Heron Resources (Kalgoorlie, Western Australia), Moneo Metals (New Caledonia) and Acclaim Resources (Western Australia).

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Paul Cowley”

CEO & President

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cornerstone Metals Appoints Lawrence Page to Advisory Board and Grants Stock Options

Wed, 25 Oct 2017 20:43:00 +0000

October 25, 2017 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSXV – CCC) (“Cornerstone” or the “Company”) is pleased to announce the addition of Lawrence Page to its Advisory Board. Lawrence Page, Q.C.obtained his law degree from the University of British Columbia in 1964 and was called to the Bar of British Columbia in 1965, where he has practiced in the areas of natural resource law, corporate and securities law to the present date. Through his experience with natural resource companies and, in particular, precious metals development, Mr. Page has established a unique relationship with financiers, geologists and consultants and has been counsel for and a director of companies, which have discovered and developed producing mines in North America. Specifically, he has been a director and officer of companies which have discovered and brought into production the David Bell and Page Williams mines in Ontario, the Snip, Calpine/Eskay Creek and Mascot Gold Mines in British Columbia and the discovery of the Penasquito orebody in Mexico. Mr. Page is the principal of the Manex Resource Group of Vancouver, which provides administrative, financial, corporate, corporate finance and geological services to a number of public companies in the mineral resource sector. He currently serves as a director of Bravada Gold Corporation, Southern Silver Exploration Corp. and Valterra Resource Corporation.

Over the past year, the Company has taken significant steps to strengthen its boards of directors and advisors with the addition of experienced, highly regarded professionals in their respective fields of expertise. Collectively, the Company now has a broad skill set ranging from financing to mineral exploration, mine development, construction and operations, including mining and processing - a unique attribute compared with many of its peers.

The Company also announces the grant of a total of 645,000 incentive stock options to directors, officers, advisors and consultants of the Company, subject to the terms and provisions of the Company’s stock option plan, at an exercise price of $0.30 per share, for a five year term.

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Paul Cowley”

CEO & President

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cornerstone Metals Closes $1,100,020 Private Placement

Thu, 19 Oct 2017 09:26:00 +0000

October 18, 2017 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSXV – CCC) (“Cornerstone” or the “Company”) is pleased to announce that it has closed its non-brokered private placement previously announced September 22, 2017. The Company has issued an aggregate of 7,857,284 units at a price of $0.14/unit for gross proceeds of $1,100,020. Each unit is comprised of one share and one warrant. Each warrant will be exercisable into a share, at an exercise price of $0.24 per share, until October 18, 2020. Securities issued pursuant to the private placement will be subject to a four month hold period until February 19, 2018.

Insiders of the Company purchased a total of 687,500 Units under the Private Placement, which is considered a related party transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(a), respectively, of MI 61-101 in respect of such insider participation. No new insiders and no control persons were created in connection with the Private Placement.

In connection with the private placement, the Company paid cash finder’s fees totaling $17,645.60.

The proceeds of the private placement will be used to carry out exploration programs on the Company’s West Jerome property and its proposed new Carlin Vanadium Project and for general working capital. In accordance with Exchange requirements, funds allocated towards the Company’s new proposed Vanadium project may not be advanced until the Company has received TSXV approval for the acquisition of the project, failing which funds will be allocated to general working capital.

About Cornerstone Metals Inc.

Cornerstone owns 100% (subject to 1.5% NSR) of the West Jerome property, near Jerome, Arizona, on the west side of Freeport McMoRan patented lands. The property, in a Volcanogenic Massive Sulfide camp, is a high-grade, massive sulfide target located 2.4 km south of the past-producing United Verde (32 million tons grading 4.4% copper, 1.5 oz/t silver and 0.04 oz/t gold). The West Jerome property has attractive untested drill targets.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Paul Cowley”

CEO & President

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. In particular, this news release contains forward-looking information regarding the use of proceeds of the offering. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. These assumptions include, but are not limited to: future costs and expenses being based on historical costs and expenses, adjusted for inflation; and market demand for, and market acceptance of, the offering. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Cornerstone Metals Increases Private Placement to $1,100,000

Wed, 11 Oct 2017 21:44:00 +0000

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

October 11, 2017 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSXV – CCC) (“Cornerstone” or the “Company”) is pleased to announce that it is over-subscribed for its non-brokered private placement previously announced September 22, 2017 and September 29, 2017. Accordingly, the Company will be further increasing its private placement such that it proposes to now sell and issue up to 7,857,143 units at a price of $0.14/unit for gross proceeds of up to $1,100,000. Each unit will be comprised of one share and one warrant. Each warrant will be exercisable into a share for a period of three years at a price of $0.24/share. The proceeds of the private placement will be used to carry out exploration programs on the Company’s West Jerome property and its proposed new Carlin Vanadium Project and for general working capital. The Company may pay a finder’s fee of cash, common shares or warrants, or a combination thereof, to eligible persons in compliance with applicable securities laws and exchange policies. There is no material fact or material change about Cornerstone that has not been generally disclosed. This financing is subject to TSXV approval.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 as amended (1933 Act), or any state securities laws, and may not be offered or sold within the United States or to, or for account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About Cornerstone Metals Inc.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Paul Cowley”

CEO & President

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. In particular, this news release contains forward-looking information regarding the proposed private placement offering and the use of proceeds of such offering. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. These assumptions include, but are not limited to: future costs and expenses being based on historical costs and expenses, adjusted for inflation; and market demand for, and market acceptance of, the offering. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Cornerstone Metals Increases Private Placement to $1,000,000

Fri, 29 Sep 2017 21:14:00 +0000

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

September 29, 2017 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSXV – CCC) (“Cornerstone” or the “Company”) announces that it will be increasing its non-brokered private placement previously announced September 22, 2017, such that it proposes to now sell and issue up to 7,142,857 units at a price of $0.14/unit for gross proceeds of up to $1,000,000. Each unit will be comprised of one share and one warrant. Each warrant will be exercisable into a share for a period of three years at a price of $0.24/share. The proceeds of the private placement will be used to carry out exploration programs on the Company’s West Jerome property and its proposed new Carlin Vanadium Project and for general working capital. The Company may pay a finder’s fee of cash, common shares or warrants, or a combination thereof, to eligible persons in compliance with applicable securities laws and exchange policies. There is no material fact or material change about Cornerstone that has not been generally disclosed. This financing is subject to TSX Venture Exchange (TSXV) approval.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 as amended (1933 Act), or any state securities laws, and may not be offered or sold within the United States or to, or for account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

In addition, the Company is pleased to announce that TSXV has provided conditional approval to the Assignment of Property Option Agreement with Americas Gold Exploration Inc. (AGEI) previously announced September 22, 2017, subject to the Company fulfilling all of the filing requirements of the TSXV, which the Company is now working diligently to complete. Pursuant to the agreement, Cornerstone will acquire a 100% interest in AGEI’s underlying option agreement on the Carlin Vanadium Project, Nevada. Closing will occur upon receipt of TSXV final acceptance of the agreement.

About Cornerstone Metals Inc.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Paul Cowley”

CEO & President

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. In particular, this news release contains forward-looking information regarding the acquisition of the Carlin Vanadium Project, Nevada, the proposed private placement offering and the use of proceeds of such offering. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. These assumptions include, but are not limited to: future costs and expenses being based on historical costs and expenses, adjusted for inflation; and market demand for, and market acceptance of, the offering. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Cornerstone Metals Signs Definitive Agreement on Carlin Vanadium Project Acquisition and Announces $770,000 Private Placement

Sat, 23 Sep 2017 03:02:00 +0000

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

September 22, 2017 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSXV – CCC) (“Cornerstone” or the “Company”) is pleased to announce that further to its August 11, 2017 and September 5, 2017 news releases, it has now executed a binding Assignment of Property Option Agreement with Americas Gold Exploration Inc. (AGEI), a private Nevada corporation, pursuant to which it will acquire a 100% interest in its underlying option agreement on the Carlin Vanadium Project, Nevada. Closing will occur upon receipt of TSX Venture Exchange (TSXV) acceptance of the agreement.

The Company also announces a non-brokered private placement of up to 5,500,000 units at a price of $0.14/unit for gross proceeds of up to $770,000. Each unit will be comprised of one share and one warrant. Each warrant will be exercisable into a share for a period of three years at a price of $0.24/share. The proceeds of the private placement will be used to carry out exploration programs on the Company’s West Jerome property and its proposed new Carlin Vanadium Project and for general working capital. The Company may pay a finder’s fee of cash, common shares or warrants, or a combination thereof, to eligible persons in compliance with applicable securities laws and exchange policies. This financing is subject to TSXV approval.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 as amended (1933 Act), or any state securities laws, and may not be offered or sold within the United States or to, or for account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About Cornerstone Metals Inc.

Cornerstone’s objective is to advance exploration/development stage copper, precious and strategic minerals properties to production in the Americas. The Company’s Management and Board Core Competence is in exploration, permitting, development, construction, and operation of mining projects. Cornerstone owns 100% (subject to 1.5% NSR) of the West Jerome property, near Jerome, Arizona, on the west side of Freeport McMoRan patented lands. The property, in a Volcanogenic Massive Sulfide camp, is a high-grade, massive sulfide target located 2.4 km south of the past-producing United Verde (32 million tons grading 4.4% copper, 1.5 oz/t silver and 0.04 oz/t gold). The West Jerome property has attractive untested drill targets.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Paul Cowley”

CEO & President

For further information, please contact:

Paul Cowley

Tel: 604-340-7711 Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. In particular, this news release contains forward-looking information regarding the acquisition of the Carlin Vanadium Project, Nevada, the proposed private placement offering and the use of proceeds of such offering. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. These assumptions include, but are not limited to: future costs and expenses being based on historical costs and expenses, adjusted for inflation; and market demand for, and market acceptance of, the offering. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Cornerstone Metals Announces 2:1 Consolidation

Tue, 19 Sep 2017 20:57:00 +0000

September 19, 2017 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSXV – CCC) (“Cornerstone” or the “Company”) is pleased to announce that TSXV has approved the consolidation of its common shares on a 2 for 1 basis. The consolidation will take effect Friday, September 22, 2017. Assuming no other change in the issued capital of the Company, it is expected that upon completion of this consolidation, Cornerstone will have approximately 11,452,847 common shares issued and outstanding, reduced from 22,905,694 which are currently issued and outstanding. At the opening of trading on Friday, September 22, 2017, the CUSIP number of the Company will change to 21925M208, however, the Company’s name and trading symbol will remain the same. The Company’s outstanding options and warrants will also be adjusted on the same basis (2 for 1) as the common shares, with proportionate adjustments being made to exercise price. No fractional common shares will be issued, and no cash will be paid in lieu of fractional, post-consolidation common shares, options or warrants. The number of post-consolidation common shares to be received by a shareholder will be rounded down to the nearest whole common share (less than one-half of a share will be cancelled and more than one-half of a share will be changed to one whole share). A letter of transmittal will be mailed to all registered shareholders with instructions on how to exchange existing share certificate(s) for new share certificate(s). Additional copies of the letter of transmittal can be obtained through Computershare Investor Services Inc. Until surrendered, each certificate formerly representing common shares of the Company will be deemed for all purposes to represent the number of common shares to which the holder thereof is entitled as a result of the consolidation.

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Paul Cowley”

CEO & President

For further information, please contact:

Paul Cowley

Tel: 604-340-7711 Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Cornerstone Metals Completes Due Diligence – Moves to Definitive Agreement Stage on Carlin Vanadium Project Acquisition

Wed, 06 Sep 2017 03:06:00 +0000

September 5, 2017 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) is pleased to announce that it has completed its due diligence on the Carlin Vanadium Project and is proceeding to Definitive Agreement stage. The Company announced on August 11, 2017 it had entered into a non-binding Letter of Intent (LOI) with Americas Gold Exploration Inc. (AGEI), a private Nevada corporation, to acquire 100% interest in its underlying option agreement on the Carlin Vanadium Project, Nevada. The Carlin Vanadium Project has one of the largest known primary vanadium deposits in the U.S.A. The latest utility-scale battery storage technology to emerge on the commercial market is the vanadium redox flow battery.

The Carlin Vanadium Project is located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada, and is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium deposit was discovered by Union Carbide Corp. (UCC) in the 1960’s, which completed surface mapping, trenching and 152 rotary drill holes in 11,133m (36,525 feet) of drilling. The average drill hole spacing was 60m (200ft) apart within the more densely drilled areas. Drilling indicates a zone of mineralization approximately 55m (180 feet) thick striking north-south over 1,860m (6,100ft) in length and dipping 5°-30° east and west averaging 760m (2,500ft) of down dip extent from surface. By 1967, UCC completed a vanadium resource estimate that was completed prior to the adoption of NI 43-101.

SRK Consulting (U.S.) Inc. reported an NI-43-101 Inferred mineral resource within a Technical Report titled NI 43-101 Technical Report on Resources, EMC Metals Corp., Carlin Vanadium Project, Carlin, Nevada and dated April 30, 2010 (the “Technical Report”) on the deposit, following the guidelines of the CIM Definition Standards for Mineral Resources and Mineral Reserves. The Technical Report, which was prepared according to the disclosure requirements of NI 43-101 – Standards of Disclosure for Mineral Projects, outlined an Inferred mineral resource, at a 0.3% vanadium pentoxide (V₂O₅) cut-off-grade, of 28 million tons at a weighted average grade of 0.515% (V₂O₅), having a total metal content of 289 million pounds V₂O₅.

Notes to accompany Carlin Vanadium Mineral Resource:

The 0.3% V₂O₅ cut-off-grade (CoG) was chosen for resource reporting based on the reasonable potential for economic extraction under a conceptual open pit mining and milling scenario. The CoG was calculated using $2.30/short ton (“st”) mining cost, $35/st milling cost, $0.50/st admin cost, 65% recovery, 95% selling pay-for, 1% freight charge, 0% royalty and a $10.46/lb V₂O₅ value. The V₂O₅ price was based on a five year trailing average value. This analysis resulted in a break-even CoG of 0.30%. The results reported in the resource statement are rounded to reflect the approximation of grade and quantity, which can be achieved at this level of resource estimation. Tonnage and grade measurements are in US units. Grades are reported in percentages.

The historic Carlin Vanadium mineral resource estimate that was prepared by SRK for EMC Metals Corp. (EMC) had an effective date of April 9, 2010. Results of the study were disclosed previously by EMC in accordance with NI 43-101 and are considered historic in nature by the Company. This historical estimate was prepared using currently accepted methods and assumptions but the costs and prices assumed are not current. It is considered reliable since the geologic model developed by EMC geologists was used. The historical estimate uses the same resource classes described in Section 1.2 of NI 43-101. The historical estimate does not include any more recent data or estimates available to the Company. The work needed to upgrade the historical estimate as current mineral resources will be to use current costs and metal prices. A qualified person has not completed sufficient work to classify the historical estimate as current mineral resources. The Company is not treating the historical estimate as current mineral resources. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Paul Cowley, Cornerstone’s President and CEO, comments, “The project has an exceptional setting, location and infrastructure available to it. We are looking to finalize the acquisition expeditiously and begin work advancing the project.”

A Finder’s Fee is payable in relation to this transaction within guidelines of TSX-V policy. The acquisition and Finder’s Fee are subject to TSX-V approval.

About Cornerstone Metals Inc.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Paul Cowley”

CEO & President

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the potential acquisition of the Carlin Vanadium project as described in the news release. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. In addition to other risks, the Company's potential acquisition may prove to be unsuccessful and the Company may be unable to complete such transaction. Further, the Company may not attract capital in the future to finance the transaction costs or obligations under the assignment, which could affect whether the Company proceeds with the acquisition. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Cornerstone Metals Signs LOI to Acquire Carlin Vanadium Project

Fri, 11 Aug 2017 21:39:00 +0000

August 11, 2017 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) is pleased to announce that it has entered into a non-binding Letter of Intent (LOI) with Americas Gold Exploration Inc. (AGEI), a private Nevada corporation, to acquire 100% interest in its underlying option agreement on the Carlin Vanadium Project, Nevada. The Carlin Vanadium Project has one of the largest known primary vanadium deposits in the U.S.A. The latest utility-scale battery storage technology to emerge on the commercial market is the vanadium redox flow battery.

By 1967, UCC completed a vanadium resource estimate that is not NI 43-101 compliant. In April 2010, SRK Consulting (U.S.) Inc. reported an NI-43-101 compliant Inferred mineral resource and Technical Report for EMC Metals Corp. on the deposit. Since the necessary work to verify the 2010 estimate as current estimate under NI 43-101 has not yet been done by Cornerstone’s Qualified Person, Paul Cowley, P.Geo., the 2010 estimate should be considered historic and not be relied upon so has not been reported here. Drilling to date indicates a zone of mineralization approximately 55m (180 feet) thick striking north-south over 1,860m (6,100ft) in length and dipping 5°-30° west averaging 760m (2,500ft) of down dip extent from surface.

Located along the western flank of the Pinon Range, the Carlin Vanadium deposit has been interpreted to be a Syngenetic-type occurrence within the Paleozoic-age Woodruff shale, host to several other vanadium deposits in Nevada with similar characteristics. The Syngenetic-type occurrences are associated with black shales and are believed to have formed by evaporation, concentration and precipitation of vanadium from vanadium-rich seawater in a deep restricted inland sea basin.

Paul Cowley, President and CEO comments ”As vanadium plays an increasingly important role as a component of batteries used in the Renewable Energy industry, the Carlin Vanadium deposit with its apparent size, grade and location, provides our Company with a unique and strategic entry into this promising sector.”

Proposed Assignment Transaction

AGEI currently holds an option to acquire 100% of the Carlin Vanadium Project from the third party owner of the property. The LOI outlines the principal terms under which AGEI would assign its interest to Cornerstone. Upon execution of a formal assignment agreement, Cornerstone would assume all of the optionee’s obligations set out in the 5 year underlying option agreement, which include cash payments totaling US$75,000 and US$400,000 in work commitments over 2.5 years. In addition to these commitments, a US$2 million payment would complete the option exercise requirements, at which time Cornerstone would acquire a 100% interest in the project, subject to a 2% NSR in favour of the property owner, which could be bought out at the time of option exercise for US$4 million.

As set out in the LOI, in consideration for the assignment, Cornerstone will pay AGEI total cash payments of US$50,000 and issue to AGEI 2 million shares of Cornerstone, in two tranches. The LOI contemplates that Cornerstone will consolidate its share capital on a two old shares for one new share (2:1) basis prior to execution of the formal assignment agreement. Consequently, the consideration shares issuable to AGEI will be post-consolidation shares. It will be a further requirement of the assignment that Cornerstone produce a Preliminary Economic Assessment (PEA) on the project within 4 years. Once the underlying option agreement was fully exercised by the Company, AGEI would be granted a 1.5% NSR which could be entirely bought out at any time by Cornerstone for a total of US$3 million. Following the PEA, AGEI would receive US$250,000/year in cash, or in cash and shares (50/50) at Cornerstone’s discretion, until production. The post-PEA annual payments would be credited to the NSR buy-out amount or to any future NSR payments due to AGEI. A 60 day due diligence period has begun. The Company will provide an update when due diligence is completed.

About Cornerstone Metals Inc.

Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Paul Cowley”

CEO & President

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Forward-looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the potential acquisition of the Carlin Vanadium project as described in the news release. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. In addition to other risks, the Company's potential acquisition may prove to be unsuccessful and the Company may be unable to complete such transaction, whether because due diligence was unsatisfactory or otherwise. Further, the Company may not attract capital in the future to finance the transaction costs or obligations under the assignment, which could affect whether the Company proceeds with the acquisition. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Cornerstone Metals Appoints Senior Mining Advisor

Tue, 18 Apr 2017 21:40:00 +0000

April 18, 2017 - Vancouver, British Columbia –Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) announces the appointment of Michael Mracek, P.Eng., to its Advisory Board, effective immediately. Mr. Mracek is a professional mining engineer registered in the provinces of Ontario and British Columbia. A graduate of the University of Saskatchewan in 1970, he spent his summers working underground at Eldorado, United Keno Hill, and Placer’s Craigmont sublevel caving operation. He moved to Thompson, Manitoba in 1970 where he spent 10 years with Inco, learning his craft from the bottom up. In the 1980’s, he moved on to Dickenson, Amok Cluff Mining, and Terra Mines becoming a Chief Engineer, Mine Superintendent, and finally Mine Manager. In 1990 he moved to Timmins where he spent 5 years for Royal Oak as General Manager at several mines including: Pamour, Hope Brook, and Colomac. Commencing in 1996, spent 11 years overseas where he worked in Ghana, Armenia, and Tanzania for Ashanti Goldfields, Sterlite Gold, and Barrick Gold in various capacities including VP and General Manager. He returned to Canada as Chief Operating Officer for Tournigan Gold before returning to Ghana as VP and General Manager of Golden Star’s Wassa operation. Since 2011, he has provided consulting services through Mracek Consulting, working for major consulting firms, including SRK and SNC-Lavalin, advising on various studies, including feasibility studies. The Company is pleased to have Mr. Mracek join the group.

Over the past 6 months the Company has taken significant steps to strengthen its Boards of Directors and Advisors with the addition of experienced, highly regarded professionals in their respective fields of expertise. Collectively, the Company now has the advantage of a deep and broad skill set ranging from financing, to mineral exploration, to mine development, construction and operations, including mining and processing - a unique attribute compared to many of its peers.

About Cornerstone Metals Inc.

Cornerstone’s objective is to advance exploration/development stage copper and precious metals properties to production in the Americas. The Company’s Management and Board Core Competence is in exploration, permitting, development, construction, and operation of mining projects.

On Behalf Of Cornerstone Metals Inc.

per:

“Paul Cowley”

CEO & President

For further information, please contact:

Paul Cowley

Tel: (604) 340-7711

Email: [email protected]

Cornerstone Metals Appoints Metallurgical Advisor

Thu, 30 Mar 2017 06:14:00 +0000

March 29, 2017 - Vancouver, British Columbia –Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) is pleased to announce the appointment of Jacques McMullen, P.Eng., to its Advisory Board, effective immediately. Mr. McMullen holds a Bachelor Degree in Applied Sciences, Metallurgical Engineering (BASc) and a Master Degree of Applied Sciences in Mineral Processing (MASc.) both from Laval University, Quebec. He spent the initial 15 years of his career with LAC Minerals where he gained operations’ management experience to eventually be involved with the optimization of all Milling Operations of the Company. Joining Barrick Gold through the take-over of LAC, Mr. McMullen rose to Senior Vice President roles during his 18 year operating career with Barrick. While having been a Director on various Boards, namely Orvana Minerals, Minera S.A., Highland Gold and currently NewCastle Gold, he also presently acts as corporate technical advisor to Detour Gold Corporation. Through his technical exposure to a very large number of mining assets over the years, in operations, development and management of capital projects, he can identify key value drivers and gaps, and generate turn-around strategies to create shareholder value and catalyze business growth.

About Cornerstone Metals Inc.

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Paul Cowley”

CEO & President

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Cornerstone Metals Appoints Director and Advisor and Grants Stock Options

Thu, 13 Oct 2016 02:43:00 +0000

October 12, 2016 - Vancouver, British Columbia –Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) is pleased to announce the appointment of John Anderson to the Board of Directors, effective immediately. Mr. Anderson holds a B.A. from the University of Western Ontario and is the co-founder of Aquastone Capital Advisors LP, a U.S.-based gold investment fund. With over 15 years’ experience in the capital markets, Mr. Anderson’s specialty is identifying undervalued opportunities in the resource industry and investing capital into these situations. He has been involved in a number of small-cap companies, providing financing, investor relations, and corporate development services. Throughout his career, he has raised in excess of $500 million in equity for a number of public and private companies in the United States, Canada and Europe.

The Company is also pleased to announce the appointment of Bill Matheson to the Advisory Board, effective immediately.Bill Matheson has worked in the mining and industrial sectors for over 37 years in the roles of Field Engineer (Electrical/Instrumentation), Construction and Project Manager and advisor. From 1979 to 1994, Mr. Matheson worked at Canada Tungsten, Echo Bay Mines, Luscar Coal, Baker Mine, Cullaton Lake Gold Mines, Vista Mining, Cluff Lake, Hope Brook Gold, Teck Corona Hemlo, Tonkin Springs Gold Project, Cassiar Asbestos and Yanococha. Between 1994 and 2004, Mr. Matheson focused on multiple industrial projects including two nuclear power plants, three gas fired turbine power plants, one oil refinery, and two High Fructose Corn Syrup / Ethanol Refineries. Later, Bill was Construction Manager on the dismantle/relocation of the Equatorial SX/EW facility to the Lisbon Valley mine site in SE Utah, the complete construction of the Carlota Copper SX/EW project in Arizona, the start-up of the Franke Mine in Northern Chile, the second phase of the leach facility at Carlota Copper and the Phase II Project for CS Mining in SE Utah on their Agitated Leach, SX/EW facility. Bill has served on the Technical Committees for the Sierra Gorda Oxide Project and the Ajax Project for KGHM International.

The Company also announces that it has granted a total of 1,500,000 incentive stock options to directors, officers, and consultants of the Company, subject to the terms and provisions of the Company’s stock option plan, at an exercise price of $0.05 per share, for five year term.

About Cornerstone Metals Inc.

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Paul Cowley”

CEO & President

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Cornerstone Metals Cancels Acquisition of Topley Property

Fri, 13 May 2016 01:33:00 +0000

May 12, 2016 - Vancouver, British Columbia –Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) announces that further to its news release dated April 28, 2016 on the signing of a non-binding Letter of Intent on the Topley Property, management has completed its due diligence and the Company has decided not to proceed with the implementation of an option agreement on the Topley Property.

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Paul Cowley”

CEO & President

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Cornerstone Signs LOI to Acquire Topley Property

Thu, 28 Apr 2016 23:08:00 +0000

April 28, 2016 - Vancouver, British Columbia –Cornerstone Metals Inc. (TSX-V – CCC) (“Cornerstone” or the “Company”) is pleased to announce that it has signed a non-binding Letter of Intent ("LOI") with private interests (“Owners”) outlining the terms of a transaction. The Transaction is proposed to be implemented through an Option Agreement, pursuant to which the Owners will grant to CCC an option to acquire from them a 100% undivided interest in and to the Topley Property (“Topley”), subject to a 3% NSR. The LOI is subject to due diligence, which the Company will commence immediately, while it proceeds to finalize a definitive option agreement to be executed upon completion of successful due diligence.

The Topley Property, located 60 kilometres east-southeast of Smithers, B.C., is a precious and base metal mineral prospect known as Topley-Richfield (Au-Ag-Pb-Zn-Cu) with significant underground development from 2 levels completed from 1927 to 1929 and significant more recent evaluations occurring from 1979 to 2007 including over 8,000m of drilling. Mineralization is structurally controlled and occurs in two quartz-carbonate alteration zones.

Pursuant to the terms of the LOI, the Option will be exercisable upon CCC paying to the Owners an aggregate of $200,000 cash and issuing an aggregate of 1,100,000 common shares of CCC according to the following tabled schedule:

	Cash Payment	Share Issuance
On Signing the Option Agreement	$20,000	250,000
On 1st Anniversary	$20,000	250,000
On 2nd Anniversary	$30,000	150,000
On 3rd Anniversary	$40,000	150,000
On 4th Anniversary	$45,000	150,000
On 5th Anniversary	$45,000	150,000

Additionally, commencing on the sixth anniversary date, and every subsequent anniversary date, CCC will pay to the Owners $20,000 cash per year as an advanced NSR payment until commercial production begins on the Topley Property. The 3% NSR may be purchased from the Owners for $1 million per each 1% NSR. The advanced NSR payments will be credited towards an NSR buyout. On commercial production, bonus CCC shares of 500,000 would be issued to the Owners.

The execution of the Option Agreement will be subject to standard closing conditions for transactions of this nature, including but not limited to board and regulatory approvals.

About Cornerstone Metals Inc.

Cornerstone’s objective is to advance exploration / development stage copper and precious metals properties to production in the Americas. The Company’s Management and Board Core Competence is in exploration, permitting, development, construction, and operation of mining projects.

ON BEHALF OF CORNERSTONE METALS INC.

per:

“Paul Cowley”
CEO & President

For further information, please contact:

Paul Cowley
Tel: 604-340-7711
Email: [email protected]

Paul S. Cowley, P.Geo., President, CEO and director of the Company, is the Qualified Person as defined in NI43-101, who has reviewed and approved the technical content of this release.

_{Forward-looking information}

_{All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Except as required by law, Cornerstone does not intend to revise or update these forward-looking statements after the date hereof or to revise them to reflect the occurrence of future unanticipated events.}

Cornerstone Metals Inc.: Gravity Anomalies Established on West Jerome Project

Thu, 06 Aug 2015 03:38:00 +0000

August 5, 2015 – Vancouver, British Columbia –Cornerstone Metals Inc. (TSX.V: CCC) (“Cornerstone” or the “Company”) announces that Lowell Copper Ltd. (TSX.V: JDL) (“Lowell Copper”) has terminated the option agreement announced February 11, 2015 on Cornerstone’s West Jerome project in Yavapai County, Arizona (the “Project”). Lowell Copper conducted 2 gravity surveys by Zonge International Inc. (“Zonge”) over the Project, which generated two anomalies, one being open-ended. Zonge recommended further work to better define the open-ended anomaly, however due to market conditions and other priorities, Lowell Copper has preferred not to proceed further with the Project. As a result, Cornerstone retains a 100% interest in the Project, now supported by gravity anomalies.

The West Jerome property consists of approximately five square kilometres of claims on the west side of patented lands held by Freeport McMoran. The Project, a volcanogenic sulphide camp, contains a high-grade, massive sulphide target located 2.4 km south of the past-producing United Verde Mine (Phelps Dodge production records from 1889-1974 indicate 33 million tons grading 4.36% Cu, 1.53 opt Ag and 0.042 opt Au; 2.9 billion lbs of copper (this information is not necessarily indicative of the mineralization on the Project.)

The Project has excellent geological and geophysical support for a large VMS target. The property has two favourable stratigraphic horizons traced from the United Verde mine onto West Jerome. Both surface exposures and limited drilling have identified strong chloritic alteration typical of a VMS feeder pipe and geophysical surveys (electromagnetic and gravity) have identified anomalies coincident with the favourable stratigraphic horizons and chlorite alteration.

Paul Cowley, President and CEO of Cornerstone commented, “Although we are disappointed in losing Lowell Copper as a potential partner on the Project, we are pleased that the results of their work has advanced the Project by generating supportive gravity anomalies. Furthermore, we hold 100% of the Project.”

On Behalf of Cornerstone Metals Inc.

“Paul Cowley”

President and CEO

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Website: www.cornerstonemetals.ca

Paul Cowley, P.Geo., the Company’s President and Chief Executive Officer, is the Qualified Person as defined under National Instrument 43-101 and has approved the scientific and technical content of this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cornerstone Metals Inc. Appoints New Chief Financial Officer

Thu, 21 May 2015 20:55:00 +0000

May 21, 2015 – Vancouver, British Columbia –Cornerstone Metals Inc. (TSX.V: CCC) (“Cornerstone” or the “Company”) announces the appointment of Rebecca Moriarty, CA, as Chief Financial Officer and Corporate Secretary of the Company. The appointment follows the resignation of Robert McMorran from these positions. The board of directors wishes to extend its appreciation for Mr. Morran’s service to the Company.

Ms. Moriarty earned her B.Sc. (Geology) from Queens University in Kingston. She achieved her Chartered Accountant designation in 2002. During an eleven year period with PwC, she worked exclusively with resource companies. Since 2011 Ms. Moriarty has worked as a Senior Consultant with Malaspina Consultants Inc., continuing to work with resource companies, including Cornerstone.

On Behalf of Cornerstone Metals Inc.

“Paul Cowley”

President and CEO

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Website: www.cornerstonemetals.ca

Cornerstone Metals Inc. Closes Non-Brokered Private Placement

Tue, 07 Apr 2015 03:45:00 +0000

April 6, 2015 – Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (“Cornerstone” or the “Company”) announces that it has closed a non-brokered private placement of 6,250,000 units, at a price of $0.02 per unit, for gross proceeds of $125,000. Each unit consists of one common share and one transferable share purchase warrant. Each warrant will be exercisable to purchase one additional common share, at an exercise price of $0.05 per share, until April 6, 2017. Securities issued pursuant to the private placement will be subject to a four month hold to August 7, 2015.

The Company has paid a finder’s fee to Haywood Securities Inc. of 225,000 units for certain found subscriptions, subject to the same terms and conditions of the private placement units.

Proceeds from the private placement will be used for general working capital including: mineral leases ($25,000); accounting and audit ($45,000); general office expenses ($2,500); legal ($7,500); listing and filing fees ($11,000); management fees ($25,000); and transfer agent ($7,500).

On Behalf of Cornerstone Metals Inc.

“Paul Cowley”

President and CEO

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Website: www.cornerstonemetals.ca

Cornerstone Metals Inc. Increases Non-Brokered Private Placement

Tue, 31 Mar 2015 01:17:00 +0000

March 30, 2015 – Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (“Cornerstone” or the “Company”) announces that it has increased a non-brokered private placement, previously announced on February 23, 2015, from up to 5,000,000 units to up to 6,250,000 units, at a price of $0.02 per unit, for gross proceeds of up to $125,000. Each unit will consist of one common share and one transferable share purchase warrant. Each warrant will be exercisable to purchase one additional common share, at an exercise price of $0.05 per share, for a period of two years from issuance of the warrants. Securities issued pursuant to the private placement will be subject to a four month hold.

The Company may pay a finder’s fee to eligible finders, in accordance with regulatory policies.

The private placement is subject to TSX Venture Exchange approval.

On Behalf of Cornerstone Metals Inc.

“Paul Cowley”

President and CEO

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Website: www.cornerstonemetals.ca

Cornerstone Metals Inc. Announces Non-Brokered Private Placement

Tue, 24 Feb 2015 00:29:00 +0000

February 23, 2015 – Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (“Cornerstone” or the “Company”) announces a non-brokered private placement pursuant to which it will issue up to 5,000,000 units at a price of $0.02 per unit for gross proceeds of up to $100,000. Each unit will consist of one common share and one transferable share purchase warrant. Each warrant will be exercisable to purchase one additional common share, at an exercise price of $0.05 per share, for a period of two years from issuance of the warrants. Securities issued pursuant to the private placement will be subject to a four month hold.

Proceeds from the private placement will be used for general working capital.

The Company may pay a finder’s fee to eligible finders, in accordance with regulatory policies.

The private placement is subject to TSX Venture Exchange approval.

On Behalf of Cornerstone Metals Inc.

“Paul Cowley”

President and CEO

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Website: www.cornerstonemetals.ca

Cornerstone Metals Inc. Options West Jerome Project to Lowell Copper Ltd.

Thu, 12 Feb 2015 01:44:00 +0000

February 11, 2015 – Vancouver, British Columbia – Lowell Copper Ltd. (TSX.V: JDL) and Cornerstone Metals Inc. (TSX.V: CCC) ("Cornerstone" or the "Company") are pleased to announce that they have entered into a binding option agreement in respect of the grant of an option (the "Option") on Cornerstone's West Jerome project in Yavapai County, Arizona (the "Project").

Under the terms of the Option, Lowell Copper can acquire up to a 75% interest in the Project in exchange for Lowell Copper: 1) on the first anniversary and annually thereafter, issuing to Cornerstone C$40,000 worth of shares; 2) funding work expenditures as described below; and 3) issuing to Cornerstone C$15,000 worth of shares subject to the results of a gravity survey to be undertaken on the Project as part of the initial work program.

Lowell Copper can earn an initial 51% interest in the Project by incurring expenditures of C$600,000 on the Project within two years of the signing of the Option. To earn an additional 24% interest in the Project, for a total interest of 75%, Lowell Copper must incur an additional C$2,000,000 within two years of earning the initial 51% interest in the Project, after which a joint venture will be formed.

Paul Cowley, President and CEO of Cornerstone commented, "We are very pleased that a well-known, well-funded player in copper has recognized the potential of our West Jerome property."

The West Jerome property consists of approximately five square kilometres of claims on the west side of patented lands held by Freeport McMoran. The Project, a volcanogenic sulphide camp, contains a high-grade, massive sulphide target located 2.4 km south of the past-producing United Verde Mine (Phelps Dodge production records from 1889-1974 indicate 33 million tons grading 4.36% Cu, 1.53 opt Ag and 0.042 opt Au; 2.9 billion lbs of copper – this information is not necessarily indicative of the mineralization on the Project).

The Project has excellent geological and geophysical support for a large VMS target. The property has two favourable stratigraphic horizons traced from the United Verde mine onto West Jerome. Both surface exposures and limited drilling have identified strong chloritic alteration typical of a VMS feeder pipe and geophysical surveys (electromagnetic) have identified two strong anomalies coincident with the favourable stratigraphic horizons and chlorite alteration.

On Behalf of Cornerstone Metals Inc.
"Paul Cowley"
President and CEO

For further information, please contact:
Paul Cowley
Tel: 604-340-7711
Email: [email protected]
Website: www.cornerstonemetals.ca

Paul Cowley, the Company's President and Chief Executive Officer, is the Qualified Person as defined under National Instrument 43-101 and has approved the scientific and technical content of this news release.

Cornerstone Metals Inc. Closes Non-Brokered Private Placement And Appoints VP Exploration

Tue, 13 May 2014 02:10:00 +0000

May 12, 2014 – Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (“Cornerstone” or the “Company”) has closed a non-brokered private placement of 2,453,660 units at a price of $0.05 per unit for gross proceeds of $122,683. Each unit is comprised of one common share and one transferable share purchase warrant. Each warrant will be exercisable to purchase one additional common share at an exercise price of: $0.05 in the first six (6) months after issuance of the warrants, $0.075 in the period from six (6) months to twelve (12) months after issuance of the warrants, and $0.10 in the period from twelve (12) months to twenty four (24) months after issuance of the warrants. If during the exercise period of the warrants, subsequent to the expiry of the regulatory 4 month hold period, the closing price of the Company’s common shares is at least $0.15 per share for 20 consecutive trading days, the Company may accelerate the expiry time of the warrants to 20 calendar days from the date written notice is provided to the warrant holders. Securities issued pursuant to the private placement are subject to a four month hold until September 13, 2014.

Proceeds from the private placement will be used for general working capital.

The Company has paid a finder’s fee of 56,000 units to Haywood Securities Inc. The finder’s fee units are under the same terms as the units issued pursuant to the private placement.

The Company also wishes to announce that Thomas R. Kilbey has been appointed VP Exploration for the Company. Tom Kilbey has over 27 years of grassroots exploration, property evaluation, and mine/project development experience all over the United States and parts of Mexico. Tom has a B.Sc. from Univ. of Wisc.-Milwaukee and an M.S. geology from Arizona State. He has worked for majors (Amax, Cyprus, Newcrest, AngloGold) and juniors (Copper One, Romarco). Much of his major company experience includes developing and prospecting sediment hosted, skarn, porphyry gold and copper deposits along with epithermal gold vein systems and bulk mineable gold-silver resources. Tom is a Qualified Person and a C.P.G. with the American Institute of Professional Geologists.

On Behalf of Cornerstone Metals Inc.

“Paul Cowley”

President and CEO

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Website: www.cornerstonemetals.ca

Cornerstone Metals Inc. Announces Non-Brokered Private Placement

Wed, 26 Mar 2014 03:11:00 +0000

March 25, 2014 – Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (“Cornerstone” or the “Company”) wishes to announce a non-brokered private placement pursuant to which it will issue up to 3,000,000 units at a price of $0.05 per unit for gross proceeds of up to $150,000. Each unit will consist of one common share and one transferable share purchase warrant. Each warrant will be exercisable to purchase one additional common share at an exercise price of: $0.05 in the first six (6) months after issuance of the warrants, $0.075 in the period from six (6) months to twelve (12) months after issuance of the warrants, and $0.10 in the period from twelve (12) months to twenty four (24) months after issuance of the warrants. If during the exercise period of the warrants, subsequent to the expiry of the regulatory 4 month hold period, the closing price of the Company’s common shares is at least $0.15 per share for 20 consecutive trading days, the Company may accelerate the expiry time of the warrants to 20 calendar days from the date written notice is provided to the warrant holders.

Proceeds from the private placement will be used for general working capital.

The Company may pay a finder’s fee to eligible finders in accordance with regulatory policies.

The private placement is subject to TSX Venture Exchange approval.

In addition, the Company is looking for partners on its properties.

On Behalf of Cornerstone Metals Inc.

“Paul Cowley”

President and CEO

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Website: www.cornerstonemetals.ca

Cornerstone Metals Inc. Clarifies Technical Disclosure

Tue, 21 Jan 2014 08:04:00 +0000

January 20, 2014 – Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC) (“Cornerstone” or the “Company”) reports that, as a result of a review by the British Columbia Securities Commission (the “BCSC”), the Company is issuing the following news release to clarify certain technical disclosure.

Certain of the Company’s disclosure contained in its Corporate Presentation and as posted on the Company’s website included certain disclosures non-compliant with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The Company has now taken the following actions to clarify these non-compliant disclosures:

- - The Company has shut down its website and is in the process of amending the website relating to the Company’s disclosure

- - The Company’s website previously contained non-compliant disclosure which has been retracted and deleted, the specifics of which are set out below. The non-compliant disclosure should not be relied upon.

- - In those instances where the Company has clarified or revised previous disclosure, the Company advises readers not to rely on such previous statements as they may continue to be found in the public domain.

Non-Compliant Exploration Targets

Lone Mountain Project, New Mexico

On the Company’s website project disclosure for its Lone Mountain project and on slides 9 and 21 of its Corporate Presentation dated December 9, 2013, the Company has disclosed an exploration target for the Lone Mountain property, which is restricted by NI 43-101 section 2.3(1)(a) because it does not include the information and cautionary language required by section 2.3(2) of NI 43-101.

Accordingly, investors are cautioned that the exploration target at the Company’s Lone Mountain project in New Mexico is conceptual in nature. The Potential Estimate for the leachable copper zone at Lone Mountain has a range between 110 and 160 million tonnes at between 0.20% and 0.29% copper. The estimate was based on all drill data (43 holes, 100-250m spacing), modeled in 3D for the near surface leachable copper zone and applied simple weighted averages of assays within modeled solids. The quoted figures are reported as an exploration target. The potential quantities and grades are conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The Company has updated its website material and its Corporate Presentation to include this information and cautionary language required by NI 43-101.

Twin Peaks Project, Arizona

On slide 9 of the Company’s December 9, 2013 Corporate Presentation, the Company has disclosed an “exploration target” for the Twin Peaks property, which is restricted by NI 43-101 section 2.3(1)(a) because it does not include the information and cautionary language required by section 2.3 (2) of NI 43-101. The Company was in error and has deleted references to the exploration potential for the Twin Peaks property from its Corporate Presentation. The Company does not have an “exploration target” on Twin Peaks as defined by NI 43-101. Readers should not rely on the retracted statement because there is inadequate drilling and drill density at this time.

Selective Disclosure of Highest Values

On slides 9 and 16 of its December 9, 2013 Corporate Presentation, the Company disclosed previous exploration results for its Mimbres Project in New Mexico, by reporting only the highest or best values and used an “up to” basis for reporting values. This type of disclosure is not balanced or complete and may be misleading if high values are from selected samples or outliers. The Company has updated its Corporate Presentation to disclose a range of all available exploration results “from 15.2m @ 0.4% Cu to 43m @1% Cu” for the Mimbres Project.

Qualified Person

On the Company’s Website, December 9, 2013 Corporation Presentation, and Corporate Overview, the Company did not identify and disclose the relationship to the Company of the qualified person who prepared or supervised the preparation of, or approved of the technical information disclosed, as required by NI 43-101 Section 3.1.

All technical disclosure information included in such disclosures was prepared under the supervision of Paul Cowley, P.Geo., President and CEO of the Company, a qualified person consistent with NI 43-101. The Company has updated its Website and Corporation Presentation. The downloadable Corporate Overview has been removed in its entirety from the Company’s website.

On Behalf of Cornerstone Metals Inc.

“Paul Cowley”

President and CEO

For further information, please contact:

Paul Cowley

Tel: 604-340-7711

Email: [email protected]

Website: www.cornerstonemetals.ca

Paul Cowley, P. Geo., President & CEO of the Company, is the Qualified Person under NI 43-101 who has reviewed and approved the technical content of this news release.