Nevada Vanadium Mining Corp. Announces Appointment of Ron Espell to Board of Directors

Vancouver, British Columbia--(Newsfile Corp. - March 10, 2023) -  Nevada Vanadium Mining Corp. ("Nevada Vanadium" or the "Company") is pleased to announce the appointment of Ron Espell to its board of directors. Mr. Espell has served the Company as Chief Executive Officer since November 2021, and will remain in that position as well as taking on the position as a director.

The Company also announces the resignation of Mr. Greg Hall as a director of the Company and extends its gratitude for his service to Nevada Vanadium.

Flying Nickel and Nevada Vanadium Mining Corp. ("Nevada Vanadium") also announce that further to their joint press release dated October 7, 2022, Flying Nickel and Nevada Vanadium continue to work diligently with their respective advisors towards completion of the proposed acquisition of all of the issued and outstanding common shares of Nevada Vanadium by Flying Nickel by way of a court-approved plan of arrangement (the "Transaction"). Flying Nickel and Nevada Vanadium have agreed to extend the Transaction closing date to July 31, 2023.

About Nevada Vanadium Mining Corp.

Nevada Vanadium Mining Corp. is a Canadian reporting issuer, holding a 100% interest in the Gibellini Vanadium project in Nevada, United States.

To find out more about Nevada Vanadium, visit www.nevadavanadium.com.

NEVADA VANADIUM MINING CORP.
ON BEHALF OF THE BOARD

"Ron Espell"
CEO

For more information about Nevada Vanadium, please contact Investor Relations: info@nevadavanadium.com

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, including statements which may contain words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, and statements related to matters which are not historical facts are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management's expectations regarding Company's future growth, results of operations, performance, and business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements.

These factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release and the documents incorporated by reference herein are reasonable, but no assurance can be given that these expectations will prove to be correct. In addition, although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events, or results not to be as anticipated, estimated, or intended. The Company undertakes no obligation to publicly release any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/157973