The Board of Vanadium Resources Limited advised that the Company has restructured its board and management team in preparation for the next phase of development of the Steelpoortdrift Vanadium Project. The Company is pleased to confirm the appointment of Mr. Eugene Nel as CEO for the purposes of completing the Pre-Feasibility study. Mr. Eugene Nel is a metallurgical and process engineer with extensive global experience and has an intimate knowledge of the Steelpoortdrift Vanadium project, having played a pivotal role in the completion of the recent Scoping Study. To facilitate the appointments of Mr. Nel and Mr. Ciganek, Mr. Bill Oliver has decided to step down as CEO and Director of the Company, effective 18th December 2020. With completion of the Scoping Study and validation of the resource, the geological work over Steelpoortdrift has been completed.