Ann: New test work for the Syerston/Flemington Resource, page-2

Scandium International Initiates Definitive Feasibility Study on Nyngan Scandium Project in Australia​

Vancouver, British Columbia (FSCwire) - Scandium International Mining Corp. (TSX:SCY) (“Scandium International” or the “Company”) is pleased to announce that it has selected the engineering firm Lycopodium Minerals Pty Ltd, of Brisbane, QLD, Australia, to prepare a Definitive Feasibility Study (“DFS”) on the Company’s Nyngan Scandium Project in New South Wales (NSW), Australia, expected to be completed in the first quarter of 2016.

Work on the DFS will be completed at Lycopodium’s offices, directed by Shane Clark who will be the study manager (Group Manager/Brisbane), along with a team of specialists with experience in hydrometallurgy specifically related to lateritic-type resources, as found at Nyngan and elsewhere in Australia. The DFS will include all elements of project description and design to generate an economic report suitable for seeking project construction financing in 2016. Process engineering and other project study elements will be advanced to a +/-15% accuracy level.

While Lycopodium will coordinate the overall project, significant contributions will be sourced from other engineering groups and consultants who have been a part of previous reports, including Altrius Engineering Services Pty Ltd (Brisbane, QLD), Rangott Mineral Exploration Pty Ltd (Orange, NSW), Mining One Consultants (Melbourne, Victoria) and R.W.Corkery & Co. Pty Limited (Orange, NSW). Knight Piesold Pty Ltd (Brisbane, QLD) will contribute engineering services on tailings dams, geotechnical work, and surface water management.

The DFS will incorporate and be based on considerable metallurgical test work independently prepared for the Company over the previous five years, along with engineering, project design work, environmental work on the property, mine planning and development work, and economic estimates done previously for management use, specifically as incorporated in the Amended Technical Report and Preliminary Economic Assessment on the Nyngan Scandium Project, NSW, Australia, effective date October 10, 2014, amended and restated issue date May 20, 2015.

Work on the Environmental Impact Statement (EIS) is expected to be completed in Q4 of 2015. The Company expects to submit mining license applications (MLAs) to the NSW Department of Trade and Industry also in Q4 of 2015. A small infill drilling program, targeted on the high-grade pit featured in the DFS, will begin as soon as practicable in September.

The Nyngan Scandium Project DFS has been commissioned and will be independently prepared to NI 43-101 compliant Technical Report standards, for filing on SEDAR.

George Putnam, CEO of Scandium International Mining Corp. commented:
“Initiating this DFS means the Company now has the platform to bring five years of test work, business development efforts and commercial understanding on the Nyngan scandium resource to both the investor community and to customers. We intend to demonstrate to all of our stakeholders the viability of our resource, and the game-changing nature of the laterite scandium occurrences in NSW Australia. We intend to bring scandium to waiting world markets with this project in 2017.”