Monthly Archives: December 2019

5-Day Deadline Alert: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against ADTRAN, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / December 11, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against ADTRAN, Inc. ("ADTRAN" or "the Company") (NASDAQ:ADTN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between February 28, 2019 and October 9, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before December 16, 2019.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. ADTRAN suffered from material weaknesses in its internal controls over financial reporting. Due to this weakness, E&O reserves were improperly reported, resulting in the Company's financial results being misstated. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about ADTRAN, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 569928

Camber Energy, Inc. Responds to Market Activity and Confirms No Material Undisclosed Information

HOUSTON, TX / ACCESSWIRE / December 11, 2019/ Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") based in Houston, Texas, announced today that it is aware of the recent unusually high trading volume and increase in share price of its common stock since December 9, 2019 on the NYSE American. Camber confirms that although it is customarily involved in ongoing discussions with multiple parties regarding potential transactions, it is not currently aware of any material undisclosed information which is binding on the Company, that may be contributing to the recent increase in trading volume and increase in market price. The Company is continuing to undertake those plans and efforts outlined in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2019, including, but not limited to under the section entitled "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations" – "Liquidity and Capital Resources".

The Company has no further updates to provide at this date. The Company has provided, and will continue to provide, complete disclosure and updates with respect to any material events affecting the business of the Company, as they occur.

About Camber Energy, Inc.

Based in Houston, Texas, Camber Energy's (NYSE American:CEI) primary focus is midstream and downstream pipeline specialty construction, maintenance and field services via its acquisition of Lineal Star Holdings LLC, the owner of Lineal Industries, Inc., as described in greater detail in the Current Report on Form 8‑K filed by the Company with the Securities and Exchange Commission (SEC) on July 9, 2019 (as amended). For more information, please visit the Company's website at www.camber.energy.

Safe Harbor Statement and Disclaimer

This press release may include "forward‑looking statements" which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward‑looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward‑looking words including "will," "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward‑looking statements. Although Camber believes that the expectations reflected in such forward‑looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. These include, but are not limited to, risks relating to the absence or delay in receipt of stockholder approval of the issuance of shares of our common stock in connection with the acquisition of Lineal Star Holdings, LLC and related transactions; change orders that are subject to change or cancellation, which may reduce the value expected from projects, or the timing of such projects; government approvals or third party consents; risks relating to funding we may never receive and/or the terms of such funding, if received; the risks of substantial and significant ongoing dilution of common stockholders pursuant to conversions of our Series C Preferred Stock, conversion premiums associated therewith and true‑ups thereon; risks related to over‑hang and significant decreases in our common stock trading prices as common stock shares issued upon conversion of our Series C Preferred Stock are publicly sold, compounded and exacerbated by successive conversions and sales; risks relating to the liquidation preferences and rights of our preferred stock; risks relating to the redemption rights of our preferred stock; risks relating to extensions and approvals provided by the NYSE American; risks relating to our ability to maintain our NYSE American listing due to falling stock prices and other matters; risks relating to significant downward pressure on our common stock trading prices caused by sales of our common stock by our Series C Preferred Stock holder and others; risks related to potential future acquisitions or combinations, the risks of not closing such transaction(s) and the ultimate terms of such acquisition(s), if closed; and other risks described in Camber's Annual Report on Form 10‑K, Quarterly Reports on Form 10‑Q and other filings with the SEC, available at the SEC's website at www.sec.gov. Investors are cautioned that any forward‑looking statements are not guarantees of future performance, actual results or developments may differ materially from those projected and investors should not purchase the stock of Camber if they cannot withstand the loss of their entire investment. The forward‑looking statements in this press release are made as of the date hereof. The Company undertakes no obligation to update or correct its own forward‑looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. The Company's SEC filings are available at http://www.sec.gov.

Media Contact:

Interdependence PR
camber@interdependence.com

SOURCE: Camber Energy

ReleaseID: 569938

Support.com Launches TechSolutions, On-Demand Tech Support for Any Device, Any Issue, Anytime

New offering introduces unlimited tech support gifting in time for the holiday season; Gives consumers a single destination for tech support for all connected devices with both free DIY self-support tools and access to live agents.

SUNNYVALE, CA / ACCESSWIRE / December 11, 2019 / Support.com, Inc. (NASDAQ:SPRT), a leader in technical support solutions for businesses and consumers, is elevating tech support with its new direct-to-consumer service, TechSolutions, which gives consumers one place to turn to for help in solving tech problems with all of their connected devices. TechSolutions helps consumers solve any tech issue, with any device, at any time, no matter where or when the device was purchased.

Support.com has been delivering tech support for both businesses and consumers for over 20 years — a heritage that has resulted in deep expertise across all devices in the connected home and the interoperability challenges that often come as a result. TechSolutions helps consumers resolve a wide range of tech issues, along the lifecycle of the device- including problems with setup/configuration, troubleshooting , learning new features, ensuring devices work well together, and even pre-sales questions such as product compatibility.

With TechSolutions, consumers can choose how they want to receive tech support – online DIY tools for thousands of common tech problems, known as Guided Paths®, or live agent support via phone and chat, available 24/7. Consumers can start in a Guided Path, and seamlessly escalate to live agent support without repeating steps. Consumers can also request a virtual house call where a tech expert remotely connects to their device to solve the issue for them. With Support.com's proprietary software, SeeSupport, agents can see exactly what the consumer sees using their smartphone or tablet camera, helping to solve even the most difficult technical problems.

Consumers increasingly face difficulty with their technology. More than one-third of consumers experience issues setting up or operating a connected device, often leading to product returns, according to CPX 360 Survey. Yet, at the same time, technology continues to be a popular choice for gift-giving. A Consumer Technology Association report on the 2019 holiday season predicts that over $97.1 billion USD will be spent on tech by the time the holidays are over, with laptops, smartphones, TVs, tablets, and wearables taking the top spots as most wanted tech gifts.

"Consumers need a reliable, trusted source for tech support for all of the new products they are acquiring this holiday season, and to help them make the most out of their technology, both old and new," said Rick Bloom, Support.com CEO. "We launched TechSolutions to better address consumer needs for tech support as technology continues to mature and proliferate, and to give consumers one place to turn to for help in solving any tech problem. And now, with the option of TechSolutions gift subscriptions, we're allowing consumers to give the gift of tech support to anyone on their list."

TechSolutions gift subscriptions come in options of 6, 12 or 24 months of unlimited tech pro support. It's the perfect gift for anyone getting a new tech product this holiday season – regardless of the brand or type of device, or for anyone who simply needs a helping hand with their technology. Consumers can visit https://www.support.com/gift-plans-and-pricing to get started with a TechSolutions gift subscription.

About Support.com

Support.com, Inc. (NASDAQ: SPRT) is a full-spectrum leader in outsourced call center and direct-to-consumer technical support solutions. With more than 20 years of providing high quality technical support services to consumers and small businesses through white-labeled partnerships or direct solutions, Support.com has the expertise, tools and software solutions to troubleshoot and maintain all the devices in the connected home. The company's skilled U.S.-based live agents and rich self-support tools troubleshoot more than 10,000 technical support issues consumers face on an ongoing basis. Support.com delivers high quality, turnkey technical support solutions for digital support experiences that drive customers to get the most out of their technology. For more information, please visit www.support.com.

Support.com Media Contact:

Caster Communications, Inc.

support@castercomm.com

O: 401-792-7080

SOURCE: Support.com, Inc.

ReleaseID: 569890

IMPORTANT DECEMBER DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Zendesk, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / December 11, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Zendesk, Inc. ("Zendesk" or "the Company") (NYSE:ZEN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission."

Investors who purchased the Company's securities between February 6, 2019 and October 1, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before December 23, 2019.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Zendesk suffered data breaches of its customer's private information dating back to 2016. At the same time, the Company suffered from lower demand for SaaS offerings in Europe and Australia. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Zendesk, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 569934

FINAL DEADLINE APPRAOCHING: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Twitter, Inc. and Encourages Investors with Losses in Excess of $250,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / December 11, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Twitter, Inc. ("Twitter" or "the Company") (NYSE:TWTR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between August 6, 2019 and October 23, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before December 30, 2019.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Twitter's settings related to targeted advertising were not working, despite the Company claiming to have "fixed" its issues. The Company's futile efforts to fix its problems actually adversely affected its ability to target advertising. This problem extended to Twitter's Mobile App Promotion ("MAP") product, resulting in a significant decline in advertising revenue. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Twitter, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 569926

The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of PLT, CGC and XYF

NEW YORK, NY / ACCESSWIRE / December 11, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Plantronics, Inc. (NYSE:PLT)
Class Period: July 2, 2018 to November 5, 2019
Lead Plaintiff Deadline: January 13, 2020

The PLT lawsuit alleges Plantronics, Inc. made materially false and/or misleading statements and/or failed to disclose during the class period that: (1) the Company had engaged in channel stuffing to artificially boost sales; (2) the Company's internal control over inventory levels was not effective; (3) the Company had not adequately monitored inventory levels ahead of multiple product launches, where the new models would displace demand for aging products; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Learn about your recoverable losses in PLT: http://www.kleinstocklaw.com/pslra-1/plantronics-inc-loss-submission-form?id=4834&from=1

Canopy Growth Corporation (NYSE:CGC)
Class Period: June 21, 2019 to November 13, 2019
Lead Plaintiff Deadline: January 20, 2020

Canopy Growth Corporation allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was experiencing weak demand for its softgel and oil products; (2) as a result, the Company would be forced to take a CA$32.7 million restructuring charge due to poor sales, excessive returns, and excess inventory; and (3) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Learn about your recoverable losses in CGC: http://www.kleinstocklaw.com/pslra-1/canopy-growth-corporation-loss-submission-form?id=4834&from=1

X Financial (NYSE:XYF)
Class Period: X Financial American Depositary Shares pursuant and/or traceable to the Company's September 19, 2018 initial public offering.
Lead Plaintiff Deadline: February 7, 2020

During the class period, X Financial allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) the Company's total loan facilitation amount was not growing, but rather was contracting; (ii) the number of investors actively using X Financial's platform was shrinking; (iii) demand from small- and medium-sized enterprises for the Company's preferred loans was plummeting; (iv) the Company's preferred loans had performed so poorly that it had begun drastically scaling back its preferred loans in the first quarter of 2018, several months before the initial public offering ("IPO"), and was in the process of phasing out such loans completely; (v) demand for the Company's card loans was also plummeting; (vi) the revenue and loan facilitation growth provided in the registration statement leading up to the IPO was achieved by relaxed credit and due diligence standards, under which the Company had underwritten tens of millions of dollars' worth of poor quality loans that suffered from a disproportionately high risk of default as compared to the Company's earlier loan vintages; (vii) the Company was suffering from accelerated delinquency rates from poor quality loans that it had underwritten in the first, second, and third quarters of 2018, which had caused the Company's delinquency rate to sharply rise; (viii) the Company's product mix had significantly deteriorated; (ix) the Company's net revenue was on track to decline by 22% during the third quarter of 2018; and (x) as a result, the Registration Statement was materially false and/or misleading and failed to state information required to be stated therein.

Learn about your recoverable losses in XYF: http://www.kleinstocklaw.com/pslra-1/x-financial-loss-submission-form?id=4834&from=1

Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

SOURCE: The Klein Law Firm

ReleaseID: 569925

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Armstrong Flooring, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / December 11, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Armstrong Flooring, Inc. ("Armstrong" or "the Company") (NYSE:AFI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between March 6, 2018 and November 4, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before January 14, 2020.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Armstrong artificially boosted its sales using a channel stuffing scheme. The Company failed to maintain effective controls on inventory. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Armstrong, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 569930

Golden Lake Exploration Closes Financing

VANCOUVER, BC / ACCESSWIRE / December 11, 2019 / Golden Lake Exploration Inc. (CSE:GLM) ("GLM" or the "Company") is pleased to announce that further to its press release dated December 3rd, 2019 the Company has closed the over subscribed non-brokered private placement. The total raised in the financing issuing 6,000,000 units (the "Units") at a price of $0.10 per Unit for aggregate gross proceeds of $600,000.00.

Each Unit is comprised of one common share (a "Share") and one Share purchase warrant (a "Warrant") of the Company. Each Warrant will entitle the holder to purchase one Share (a "Warrant Share") at a price of $0.15 per Warrant Share for a 24 month period after the Closing Date. Finders' fees of $9,975.00 were paid to arm's length parties. The shares and warrants comprising the units are subject to a 4 month hold period expiring April 12th, 2020.

About Golden Lake Exploration Inc.

Golden Lake Exploration Inc. is a junior public mining exploration company engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to acquire, explore and develop economic precious and base metal properties of merit and to aggressively advance its exploration program on the Jewel Ridge property.

ON BEHALF OF THE BOARD

"Mike England"
Mike England, CEO&DIRECTOR

FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995
TollFree:1-888-945-4770

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: Golden Lake Exploration Inc.

ReleaseID: 569923

Streamline Health(R) Adds Justin Ferayorni To Its Board of Directors

Long-Time Shareholder Brings Years of Healthcare Industry Investment Experience

ATLANTA, GA / ACCESSWIRE / December 11, 2019 / Streamline Health Solutions, Inc. (NASDAQ:STRM), provider of integrated solutions, technology-enabled services and analytics supporting revenue cycle optimization for healthcare enterprises, today announced it has added Mr. Justin Ferayorni to the Company's Board of Directors. Mr. Ferayorni, CFA, is the Founder and Chief Investment Officer of Tamarack Advisers, LP. Tamarack operates Tamarack Global Healthcare Funds, an SEC-registered hedge fund family focused on investing in healthcare-related equities.

Prior to founding Tamarack, Mr. Ferayorni served in several positions across the financial services industry focused on analyzing companies within the healthcare industry, including positions as a healthcare analyst and portfolio manager. In addition, Mr. Ferayorni was previously employed at Robertson Stephens & Co, where he worked on both corporate finance and merger and acquisition transactions. Tamarack has been a long-time investor in Streamline Health and participated in the Company's recent equity financing.

"We are pleased to have a person with Justin's knowledge of our industry and commitment to our Company join our Board of Directors," stated Tee Green, Chief Executive Officer, Streamline Health. "We look forward to his insights into the strategic changes occurring in the HCIT industry and his expertise in financing and investing."

About Streamline Health

Streamline Health Solutions, Inc. (NASDAQ:STRM) is a healthcare industry leader in capturing, aggregating, and translating enterprise data into knowledge­ – producing actionable insights that support revenue cycle optimization for healthcare enterprises. We deliver integrated solutions, technology-enabled services and analytics that empower providers to drive revenue integrity in a value-based world. We share a common calling and commitment to advance the quality of life and the quality of healthcare – for society, our clients, the communities they serve, and the individual patient. For more information, please visit our website at www.streamlinehealth.net.

Company Contact:

Randy Salisbury

SVP, Chief Marketing Officer

(404) 229-4242

randy.salisbury@streamlinehealth.net

SOURCE: Streamline Health Solutions, Inc.

ReleaseID: 569887

Vanadium One Commences a Preliminary Economic Assessment at The Mont Sorcier Iron Ore and Vanadium Project

TORONTO, ON / ACCESSWIRE / December 11, 2019 / Vanadium One Iron Corp. ("Vanadium One" or the "Company") (TSXV:VONE), ) is pleased to announce that it has retained the services CSA Global pty Ltd, a globally recognized independent consulting group to CSA Global Pty. Ltd. to assist in advancing the company's Mont Sorcier magnetite iron ore and vanadium project, located in Chibougamau, Que. Under the terms of the contract, CSA Global will provide technical, preliminary mine design and concentrator flowsheet and deliver a Preliminary Economic Assessment (PEA) and a National Instrument 43-101 technical report for the Mont Sorcier project. CSA Global already has significant knowledge of the Mont Sorcier project having completed the NI43-101 resource statement earlier this year. The Company expects to release the results of this work in Q1/2020.

To recap, Vanadium One published a NI 43-101 Technical report in June 2019 outlining its initial Mineral Resource Estimate at Mont Sorcier. The deposit has two major zones, known as the North Zone and the South Zone. The South Zone is estimated to host 113.5 million tonnes of Indicated Mineral Resources grading 30.9% Magnetite, with a potential to recover 35 million tonnes of concentrate grading 65.3% Fe and 0.6% Vanadium Pentoxide (V2O5). The South Zone is estimated to hold an additional Inferred Mineral Resource of 144.6 million tonnes grading 24.9% Magnetite, with a potential to recover 36.1 million tonnes of concentrate grading 66.9% Fe, 0.5% Vanadium Pentoxide (V2O5) and 1.0% TiO2. The North Zone is estimated to hold additional Inferred Mineral Resources of 376 million tonnes grading 27.4% Magnetite, with a potential to recover 142.2 million tonnes of concentrate grading 63.7% Fe, 0.6% Vanadium Pentoxide (V2O5) and 1.8% TiO2. All concentrate grades are calculated from Davis Tube Testing (DTT) results.

Table 1: Mineral Resource Estimate1 at Mont Sorcier Using a Cut-off Grade2 of 14% Fe.

Zone

Category4

Tonnage

Head grade

Grade in concentrate

Rock
(Mt)

Concentrate
(Mt)

Fe
(%)

Magnetite
(%)

Fe
(%)

V2O5
(%)

Al2O3
(%)

TiO2
(%)

MgO
(%)

SiO2
(%)

South

Indicated

113.5

35.0

22.7

30.9

65.3

0.6

0.3

1.2

3.8

2.8

Inferred

144.6

36.1

20.2

24.9

66.9

0.5

0.4

1.0

3.4

2.5

North

Inferred

376.0

142.2

27.4

37.8

63.7

0.6

1.0

1.8

3.5

4.2

Total

Indicated

113.5

35.0

22.7

30.9

65.3

0.6

0.3

1.2

3.8

2.8

Inferred

520.6

178.3

25.4

34.2

64.4

0.6

0.8

1.7

3.5

3.9

1 Numbers have been rounded to reflect the precision of Inferred and Indicated Mineral Resource estimates.

2 The reporting cut-off was calculated for a saleable magnetite concentrate containing 65% Fe with price of $US 90/t of dry concentrate, 50% of the price of V2O5 contained in the concentrate, a V2O5 price of $US 14/lb, a minimum of 0.2 % of V2O5 contained in the concentrate, an open pit mining operation, a cost of mining and milling ore of USD 13.80/t, a cost of transporting concentrate of USD 40/t; and a cost of tailing disposal of USD 1.5/t.

3 Vanadium One is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing or political factors that might materially affect these mineral resource estimates.

4 Resource classification, as defined by the Canadian Institute of Mining, Metallurgy and Petroleum in their document "CIM Definition Standards for Mineral Resources and Mineral Reserves" of May 10, 2014.

The technical information contained in this news release has been reviewed and approved by Pierre-Jean Lafleur, P.Eng. (OIQ), who is a Qualified Person with respect to the Company's Mont Sorcier Project as defined under National Instrument 43-101. The Mineral Resource Estimate (MRE) is the responsibility of CSA Global and Dr. Luke Longridge and Dr. Adrian Martinez, acting independently, are the Qualified Persons with respect to the MRE.

Cliff Hale Sanders, CEO of Vanadium One commented "With the strengthening of our balance sheet subsequent to the recent private placement, our next major objective is the completion of a Preliminary Economic Assessment that will be reported according to NI43-101 standards of disclosure of the Company's magnetite iron ore and vanadium project at Mont Sorcier.

The PEA is expected to tie together an exceptional ore body to the international iron ore concentrate markets by leveraging the extensive but underutilized infrastructure already in place, and a conventional magnetite separation concentrator facility. The PEA is expected to be completed in Q1/2020 and will accentuate the inherent value we see in the project."

About Vanadium One Iron Corp.:

Vanadium One Iron Corp. is a mineral exploration company headquartered in Toronto, Canada. The Company is focused on advancing its Mont Sorcier, Vanadium-rich, Magnetite Iron Ore Project, in Chibougamau, Quebec.

ON BEHALF OF THE BOARD OF DIRECTORS OF VANADIUM ONE IRON CORP.

Cliff Hale-Sanders, President & CEO
Tel: 416-819-8558

csanders@vanadiumone.com

www.vanadiumone.com

Cautionary Note Regarding Forward-Looking Statements:

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.

This news release contains "forward-looking information" including statements with respect to the future exploration performance of the Company. This forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements of the Company, expressed or implied by such forward-looking statements. These risks, as well as others, are disclosed within the Company's filing on SEDAR, which investors are encouraged to review prior to any transaction involving the securities of the Company. Forward-looking information contained herein is provided as of the date of this news release and the Company disclaims any obligation, other than as required by law, to update any forward-looking information for any reason. There can be no assurance that forward-looking information will prove to be accurate and the reader is cautioned not to place undue reliance on such forward-looking information.

SOURCE: Vanadium One Iron Corp.

ReleaseID: 569838