Sino Vanadium Inc.
TSX VENTURE : SVX

Sino Vanadium Inc.

March 31, 2011 16:05 ET

Sino Vanadium Announces Management Changes

TORONTO, ONTARIO and XIAN, CHINA--(Marketwire - March 31, 2011) - The Board of Sino Vanadium Inc. (TSX VENTURE:SVX), announced that Mr. Enrique Lopez de Mesa, President and Chief Operating Officer and Mr. Paul Sargeant, Chief Technology Officer, are no longer with the company. The current CEO, Mr. Liu Bingqiang, has been appointed President. 

Mr. Harvey McKenzie, the Chief Financial Officer of the company, has also tendered his resignation. The company has appointed Mr. Wingfield Ding as the company's new Chief Financial Officer, effective March 26, 2011. 

Mr. Ding is a Chartered Accountant with extensive financial and operational experience in China, Asia, and North America. He has years of experience in auditing Asian and North American companies, and has served as CFO for public companies in Canada and corporations with operations in China. The Board of Directors is very pleased to welcome Mr. Ding to the senior management of the company and believes that Mr. Ding will play an instrumental role in the future development of the company.

The company also wishes to advise that the investor relations agreement with Ironside Investor Relations Inc. has also been terminated. Mr. Tiger Chen, a Director of the Corporation and Mr. Winfield Ding, the new Chief Financial Officer, will take over investor relations duties for the company while management assesses several potential candidiates for this role.

About Sino Vanadium

The Company owns 100% of the Daquan property in Shaanxi province, China. The property contains a world-class vanadium deposit in an indicated resource of 330mm lbs. (15.9M t) at an average grade of 0.95% and an inferred resource of 370mm lbs. (18.7M t) at an average grade of 0.92% of vanadium pentoxide (V2O5) with a 10% NPV of $878,318,000, as per its NI 43-101-compliant report, available on SEDAR (www.sedar.com). Mineral resources that are not mineral reserves have no demonstrated economic viability. 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.

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