CORRECTION FROM SOURCE: Sino Vanadium Inc. Announces Filing of Daquan Vanadium Project Preliminary Economic Assessment

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

A correction from source is being issued with respect to the release that was
disseminated on January 18, 2010 at 9:00 AM ET. The complete and corrected
release follows.


Sino Vanadium Inc. (the "Corporation") (TSX VENTURE:SVX) hereby announces that
the Preliminary Economic Assessment (the "Study") on its 100% owned Daquan
vanadium property prepared by Wardrop Engineering Inc. has been filed and is now
available at www.sedar.com.  For information regarding the Study please see the
Corporation's press releases of December 21, 2009 and December 23, 2009.


The following are the key economic indicators contained in the Study, as
reported on December 21 2009.




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                                                    Option 1       Option 2
Daquan Key Economic Indicators                                 Open Pit and
                                                    Open Pit    Underground
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Life of Mine                                 Years        10             20
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Tonnes Milled                                   kt    22,856         37,709
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Average Head Grade to Mill                 % V2 O5      0.94           0.82
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Mill Recovery                                    %        75             75
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Payable Metal (V2 O5 )                        klbs   321,224        506,837
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V2O5 Sale price                              $/lbs      8.83           8.83
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V2O5 Sale Price less Total Operating Cost    $/lbs      5.34           5.36
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Working Capital                              $'000    32,177         26,462
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Total Sustaining Capital                     $'000    43,182         62,627
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Total Life of Mine Capital Cost              $'000   345,826        450,492
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Initial Capital cost                         $'000   273,263        263,280
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Initial Capital $/lbs V2O5                   $/lbs      0.85           0.52
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Contingency                                      %     12.31          13.15
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Net Present Value                            $'000   631,788        878,318
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Internal Rate of Return                          %      45.3           52.3
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Payback Period                               Years      2.79           2.38
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Total Operating Cost (milled)                  $/t     49.09          46.92
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Total Operating Cost (lbs V2O5  Sold)        $/lbs      3.49           3.47
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Dr. Ma Zhaoyang, Chairman of Sino Vanadium, commented, "The Corporation is very
pleased with the positive results of this Study.  We are actively proceeding to
a Pre-Feasibility Study to further confirm the impressive project economics.   
Additional core drilling as recommended in the September 2009 NI 43-101Technical
Report are also in progress in order to upgrade and expand the existing resource
and confirm higher-grade zones of mineralization.


About Sino Vanadium

The Corporation owns 100% of the Daquan property in Shaanxi province, China. The
property contains a world class vanadium deposit that management first
recognized in 2007. The Corporation is working towards commissioning a
pre-feasibility study on the Property.  In the near-term the Corporation is
reviewing potential acquisitions of additional vanadium exploration and
development properties. The Corporation's objective is to create shareholder
value through the consolidation of vanadium development and production in China
and internationally. 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 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.