Sino Vanadium Financing Update

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play, announced today that it has withdrawn its prospectus offering.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.