Sino Vanadium Inc.
TSX VENTURE : SVX

Sino Vanadium Inc.

December 23, 2009 11:45 ET

Sino Vanadium Inc. Announces Revision to Release Regarding Daquan Vanadium Project Preliminary Economic Assessment

TORONTO, ONTARIO--(Marketwire - Dec. 23, 2009) –

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Sino Vanadium Inc. (the "Corporation") (TSX VENTURE:SVX) further to the press release of the Corporation dated December 21, 2009 announcing the results of the Preliminary Economic Assessment (the "Study") on its 100% owned Daquan vanadium property the Corporation wishes to provide the following clarification of that press release. 

As described in the previous release the Study proposes two mining options: an open pit mining option ("Option 1"); and an open pit mining plus underground mining option ("Option 2") and the Annual Metal Production In Concentrate section in the previous release only provided information with regard to the open pit portion of the combined open pit and underground production set out in Option 2. Below is a revised section showing the estimated annual metal production in concentrate for both Option 1 and Option 2.

Annual Metal Production in Concentrate

A V2O5 recovery of 75% was used to calculate the estimated annual metal production detailed below:

Year Option 1
Pounds of V
2O5
Option 2
Pounds of V
2O5
1 34,854,726 38,545,226
2 34,854,726 38,545,226
3 34,854,726 34,330,460
4 34,854,726 34,330,460
5 34,854,726 34,330,460
6 34,854,726 34,330,460
7 34,854,726 34,330,460
8 34,854,726 34,330,460
9 34,854,726 34,330,460
10 7,531,039 34,077,632
11   21,335,867
12   16,034,996
13   16,034,996
14   16,034,996
15   16,034,996
16   16,034,996
17   16,034,996
18   16,034,996
19   16,034,996
20   5,740,107
Total 321,223,572 506,837,264

Forward-Looking Statements

This document may contain "forward-looking statements" within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this document and the Corporation does not intend, and does not assume any obligation, to update these forward-looking statements.

Forward-looking statements relate to future events or future performance and reflect management of the Corporation's expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral resources, the realization of estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in resources, grade or recovery rates; accidents, labour disputes and other risks of the mining and exploration industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Corporation's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Corporation 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. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward looking statements.

NEITHER THE 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

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