Ann: Exceptional Vanadium Concentrate Grades at Airijoki

Airijoki Project Delivers Vanadium Magnetite Concentrates of Exceptional Grade and Thickness Highlights • Results have been received for vanadium magnetite concentrates produced from nine holes drilled into the southwest magnetic zone on the Airijoki Project in northern Sweden • The vanadium magnetite concentrates are very high grade and of exceptional thickness • Drill hole AIR18-007 produced a vanadium magnetite concentrate over a 178m downhole interval: § 178.0m @ 1.9% V2O5 (magnetite concentrate) from 12.0m depth, including; § 122.0m @ 2.2% V2O5 (magnetite concentrate) from 64.0m, and; § 30.0m @ 2.3% V2O5 (magnetite concentrate) from 150.0m • Drill hole AIR18-006 produced a vanadium magnetite concentrate over a 213m downhole interval: § 213.2m @ 1.8% V2O5 (magnetite concentrate) from 8.0m depth, including; § 152.2m @ 2.0% V2O5 (magnetite concentrate) from 69.0m depth, and; § 16.0m @ 2.2% V2O5 (magnetite concentrate) from 141.0m • Drill hole AIR18-008 produced a vanadium magnetite concentrate over a 112.0m downhole interval including: § 112.0m @ 1.6% V2O5 (magnetite concentrate) from 13.0m depth, including; § 71.0m @ 1.9% V2O5 (magnetite concentrate) from 54.0m depth, and; § 14.0m @ 2.3% V2O5 (magnetite concentrate) from 109.0m depth • Drill hole AIR18-003 produced a vanadium magnetite concentrate over a 48m downhole interval including: § 48.0m @ 1.7% V2O5 (magnetite concentrate) from 44.0m depth, including; § 16.0m @ 2.4% V2O5 (magnetite concentrate) from 78.0m • Results for vanadium magnetite concentrates from nine holes drilled into the northeast magnetic zone are expected to be delivered in late January/early Februar