Sino Vanadium Provides Update on Progress of 100%-Owned Daquan Project

The Board of Sino Vanadium Inc. (TSX VENTURE:SVX), a late-stage vanadium play
focused on the production of vanadium pentoxide (V205), today provided an update
on certain Chinese regulatory matters related to their 100%-owned Daquan project
near Xian in China.


In advance of completion of the feasibility study for the project, management
has determined to take the necessary steps to update certain mining and
construction permits for the project, as currently laid out in the NI
43-101-compliant Preliminary Economic Assessment (PEA) filed on SEDAR
(www.sedar.com) on June 28, 2010.


To this end, management is proceeding with the necessary applications to Chinese
government authorities to amend the Daquan Project mining license, valid to July
2, 2030, to include both open-pit and underground mining, as recommended in the
PEA. While there is no assurance, management anticipates that all necessary
approvals will be received within the time frames currently being considered for
commencement of mining operations, being the second quarter of 2012.


In addition, the construction permit for the Project, which was due to expire in
September, 2010, has been extended to December 31, 2011. The feasibility study
is expected to confirm the construction schedule, which is currently aiming for
completion in the second quarter of 2012. While there is no assurance,
management anticipates that any further extension approvals will be received to
permit the timely completion of construction.


"Obtaining the required approvals is a time-consuming and complex process, in
our considerable experience ," said LIU Binqqiang, CEO of Sino Vanadium. "Given
our strong Chinese presence and solid legal support, we see securing the
extension of the construction license as supporting our preparation for the
feasibility study record of compliance."


Enrique Lopez de Mesa, President and COO of Sino Vanadium, said, "The Sino
Vanadium team members have been focused on ensuring that all elements are
aligned for the successful implementation of the next stage of our mining
project. We are very pleased at the speed with which our plans are being
advanced."


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.