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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 Team Expansion

11/05/2010 11:04pm

Marketwired Canada


The Board of Sino Vanadium Inc. ("Sino Vanadium" or the "Company") (TSX
VENTURE:SVX) is pleased to announce the expansion of its management team,
brought on to implement the Board's aggressively focused business plan to grow
Sino Vanadium and expand the Company's international presence. Sino Vanadium,
currently in the exploration stage, has the opportunity to acquire several
near-production properties, and has decided to augment its corporate and
technical team in order to speed the road to production on its cornerstone
Daquan property, pave the way for quick acquisitions, build a strong growth
trajectory, and strengthen its international profile. The expansion of the
management team includes the appointments of Enrique Lopez de Mesa as President
and Chief Operating Officer; Paul Sarjeant as Chief Technical Officer; Harvey
McKenzie as Chief Financial Officer; and Robin Sundstrom to provide
investor-relations services.


Pursuant to the appointment of the new members of management and the new
investor-relations provider, the Company issued a total of 1,550,000 options to
purchase common shares of the Company, with each option being exercisable at
$0.37 per common share for a period of five years and vesting as to 25% on the
date of grant and 25% every six months thereafter.


"Sino Vanadium has the potential to become a significant producer of vanadium
pentoxide (V2O5)," said Dr. Ma Zhaoyang, co-founder and Chairman. "With these
appointments, we are rounding out the team and providing additional resources
for the Company in terms of their collective Canadian, Chinese, and
international business and financial acumen, operational and technical
expertise, and industry knowledge. In tandem with the Board, this group will be
able to execute on near-term and future acquisitions and other opportunities
quickly and effectively."


"We are in the process of bringing into production a formidable V2O5 supplier,
and each individual in this new management group offers both the international
experience and the business skills helpful to advance our business plan," said
Mr. Liu Binqqiang, co-founder and CEO. "We are very pleased to welcome Enrique
Lopez de Mesa, Paul Sarjeant, Harvey McKenzie, and Robin Sundstrom to our team."


Brief bios on the additional team members appear below.

Enrique Lopez de Mesa, M.B.A., President and Chief Operating Officer
 
Mr. Lopez de Mesa is a senior mining and financial professional with significant
capital market experience. He has been active with such mining groups as Alpaca
Resources Inc., a Peruvian mining exploration company, and Southern Oregon Gold
Corp.; in addition he serves as director of two TSX-V listed resource companies,
among other previous public-company directorships. Previously he was a Canadian
Vice-President for the leading mid-market financial services company in Hong
Kong. His investment banking and corporate finance experience at PWC Securities
and Barclays PLC's investment bank includes debt and equity issues, M&A, and
valuations in a variety of sectors, completing more than 35 transactions for
upwards of C$1.5 billion. Mr. Lopez de Mesa will be working with existing
management to improve access to project and acquisition capital.


Paul Sarjeant, P.Geo, Chief Technical Officer 

Mr. Sarjeant is an mining executive with more than 25 years' experience, having
led several mining companies, including Grandview Gold; in addition he serves as
a director or technical consultant to a number of public and private mining
companies. Previously, he operated a successful securities business focused on
strategic planning and investment analysis with Wood Gundy and served as
President and CEO of Auric Resources, a precious metals exploration company
focused in Peru. He began his career with Echo Bay Mines Ltd. as a project
geologist working on projects in the NWT, BC, and Ecuador, and worked at the
Lupin Gold mine and other operations. Prior to leaving Echo Bay, he held the
position of Senior Geologist, International Exploration Group, responsible for
project evaluation and development outside of the Americas. Mr. Sarjeant will be
augmenting the company's technical team.


Harvey H. McKenzie, C.A., Chief Financial Officer 

Mr. McKenzie is a Chartered Accountant with more than 35 years' accounting
experience, including seven years with an international public accounting firm.
Most recently, he has spent more than ten years as the CFO for several Canadian
publicly listed exploration, development, and producing mining companies, most
notably with Iberian Minerals (with properties in Spain and Peru), Asian Mineral
Resources, and Eurasia Gold. Following his years in public accounting at
PricewaterhouseCoopers and Ernst & Young, his public-company experience includes
the TSX, TSX-V and AIM, which gives him a solid grasp of global reporting
standards, IFRS, and consolidation of reporting for worldwide entities. Mr.
McKenzie will add strength to the accounting, risk management, and governance
team.


Robin M. Sundstrom, M.A., Investor Relations and Communications 

As President of IRonside Investor Relations Inc., Ms Sundstrom has tackled every
aspect of investor relations, from proxy battles and financial reporting to
market surveys and shareholder relations. Her clients have included Harmony
Asset, the first dual-listed TSX/Hong Kong company, Dynatec, Iberian Minerals,
Cadillac Resources, and Sanwa Bank. As well as various charitable boards, she
sits on the board of a publicly listed company. Her contract is for $5,000 per
month plus 150,000 options to purchase common shares of the Company. Ms
Sundstrom will be providing communications expertise as well as assisting with
governance and disclosure protocols, and she will ensure that Company
information is available in both English and Mandarin.


The Board would like to thank Lena Masters, who will continue to provide
consulting services to assist with the management transition through June 15,
2010, for her service as CFO of the Company since its inception. 


The appointments of the new members of management and the new investor relations
provider remain subject to approval of the TSX-V.


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. (15.9mm t) at an average grade of 0.95% and an inferred resource of
370mm lbs. (18.7mm t) at an average grade of 0.92% of vanadium pentoxide (V2O5)
with an 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 consumer of
vanadium, which it uses for high-strength steel and titanium alloys and
high-energy, high-power, extra-long-life batteries. Currently, the Company is
reviewing potential vanadium property acquisitions. 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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