Sino Vanadium Inc.
TSX VENTURE : SVX

Sino Vanadium Inc.

April 06, 2011 09:00 ET

Sino Vanadium Inc.: News Release

TORONTO, ONTARIO and XIAN, CHINA--(Marketwire - April 6, 2011) - Sino Vanadium Inc. ("Sino" or "the Corporation") (TSX VENTURE:SVX) announced today that, subject to regulatory approval, it has granted a total of 260,000 options to purchase common shares of Sino in accordance with the Corporation's stock option plan. These options expire five years from the date of grant, have an exercise price of $0.36 per share, with 25% vesting immediately and 25% vesting every 6 months thereafter (such that the options are fully vested eighteen months from the date of grant). Out of these options, 200,000 options were granted to an officer of the Corporation and 60,000 options were granted to a consultant of the Corporation. Sino has determined that exemptions from the various requirements of the TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 are available for the issuance of the options to the directors and officers of the Corporation (Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than 25% of Market Capitalization).

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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