Sino Vanadium Inc.
TSX VENTURE : SVX

Sino Vanadium Inc.

August 31, 2010 08:38 ET

Notice and Access: Sino Vanadium Posts Second Quarter 2010 Results

TORONTO, CANADA and XIAN, CHINA--(Marketwire - Aug. 31, 2010) -

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES

The Board of Sino Vanadium Inc. ("Sino Vanadium" or the "Company") (TSX VENTURE:SVX), a late-stage vanadium play focused on the production of vanadium-pentoxide (V2O5), today reported its second quarter 2010 financial results (unaudited). 

The complete statements plus MD&A are available both on SEDAR (http://www.sedar.com) and on the company's website (http://sinovanadium.com).

About Sino Vanadium

The Company owns 100% of the Daquan property in Shaanxi province, China. The property contains a vanadium deposit that has the potential to produce as much as 14% of the current world demand for vanadium. The deposit comprises an indicated resource of 15.9M tonnes at an average grade of 0.95% of vanadium pentoxide (V2O5) (330M lbs. contained V2O5) and an inferred resource of 18.7M tonnes at an average grade of 0.92% of V2O5 (370M lbs. contained V2O5) with a project net present value (NPV) (10% discount) of $878,318,000 as per its Preliminary Economic Assessment report, available on SEDAR (www.sedar.com). Patrick Donlon, of Wardrop Engineering Inc., is the qualified person who prepared the scientific and technical information supplied in the Company's PEA. Mineral resources that are not mineral reserves have no demonstrated economic viability and are too speculative geologically to be categorized as mineral reserves. China is the world's largest single consumer of vanadium, which it uses primarily for high-strength steel and titanium alloys. Sino Vanadium also sees strong future potential in the growth of the high-energy, high-power, extra-long-life battery industry. The Company's objective is to create shareholder value through the consolidation of vanadium development and production. For further information, please visit www.sinovanadium.com.

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 Company 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 Company'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, and potential acquisitions.

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