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SVX Sino Vanadium

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Share Name Share Symbol Market Type
Sino Vanadium TSXV:SVX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Sino Vanadium Announces Management Changes

31/03/2011 9:05pm

Marketwired Canada


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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