Sino Vanadium Inc. Announces Substantial Completion of Proposed Take Private Transaction

Sino Vanadium Inc. ("Sino" or "the Company") (TSX VENTURE:SVX): Further to its
press release of November 4, 2011, the Company is pleased to announce the
substantial completion of its previously announced management sponsored take
private transaction (the "Take Private Transaction") pursuant to the terms and
conditions of the support agreement dated November 3, 2011 between the Company
and Fit Plus Holdings Ltd.


At a special meeting of its common shareholders held today in Toronto, Ontario
(the "Meeting") the Company received all required shareholder approvals to
permit the redemption of certain of its common shares pursuant to the terms of
the Support Agreement (the "Redemption").


Immediately subsequent to the Meeting the Company's common shares were halted
from trading on the facilities of the TSX Venture Exchange (the "Exchange"), and
the C ompany proceeded with the Redemption. Pursuant to the Redemption, the
Company redeemed all common shares of the Company held by the Minority
Shareholders of the Company (as defined in the Support Agreement) at a price of
$0.27 per common share.


Further to the completion of the Take Private Transaction, and in accordance
with the terms of the Support Agreement, certain directors and officers of the
Company tendered their resignations as requested by Fit Plus.


In addition, the Company has made application to the Exchange for final approval
of the Take Private Transaction and the delisting of the common shares of the
Company from the facilities of the Exchange. Delisting of the Company's common
shares is expected to occur prior to December 15, 2011 and it is not expected
that the common shares will resume trading prior to such time. Upon confirmation
of the delisting, the Company intends to make application to the applicable
securities regulatory authorities to cease to be a reporting issuer in each
province in which it currently holds such status. Subject to receipt of the
above referenced approvals, the Take Private Transaction will be complete in
accordance with the terms of the Support Agreement.


Registered shareholders are reminded that they must complete and submit the
letter of transmittal that was sent to them with the Company's Notice and
Information Circular in respect of the Meeting in order to receive the
consideration they are entitled to pursuant to the Redemption. A copy of the
letter of transmittal can also be found on the SEDAR website at www.sedar.com.
Beneficial owners of common shares (e.g. shares held through brokers, investment
dealers, banks, trust companies or other nominees) should contact their broker
or such other intermediary holding shares on their behalf to arrange for the
delivery of the consideration to which they are entitled.


Forward-Looking Statements:

This news release contains forward-looking statements relating to the final
Exchange approval of the Transaction, the de-listing of the common shares from
the facilities of the Exchange and the Company's application to the applicable
securities regulatory authorities to cease to be a reporting issuer in each
province in which it currently holds such status. Such forward-looking
statements are subject to important risks, uncertainties and assumptions. The
results or events predicted in these forward-looking statements may differ
materially from actual results or events. As a result, you are cautioned not to
place undue reliance on these forward-looking statements.


The receipt of final Exchange approval, the completion of the de-listing of the
common shares from the Exchange and the approval of the Company's application to
the applicable securities regulatory authorities to cease to be a reporting
issuer in each province in which it currently holds such status are subject to a
number of terms and conditions, including, without limitation, the approval of
the Exchange and applicable securities regulatory authorities. These approvals
may not be obtained.


The forward-looking statements contained in this news release are made as of the
date of this release. Except as required by applicable law, the Company
disclaims any intention and assumes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. For additional information with respect to certain of these
and other assumptions and risks, please refer to the management circular filed
by the Company with the applicable securities commissions, which will be
available at www.sedar.com.