Sino Vanadium Inc.
TSX VENTURE : SVX

Sino Vanadium Inc.

December 06, 2010 21:46 ET

Sino Vanadium Financing Update

TORONTO, ONTARIO and XIAN, CHINA--(Marketwire - Dec. 6, 2010) - Sino Vanadium Inc. (TSX VENTURE:SVX), a late-stage vanadium pentoxide (V205) play, announced today that it has withdrawn its prospectus offering. The prospectus, first announced July 26, 2010, was receipted October 21, 2010. The Company's requirement for capital will be met through other means, and management is actively pursuing a private placement.

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.

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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