Sino Vanadium Restates Financials and MD&A for the Years Ended December 31, 2008 and 2009 and the Quarter Ended March 31, 2010

The Board of Sino Vanadium Inc. (TSX VENTURE:SVX), a late-stage vanadium play
focused on the production of vanadium-pentoxide (V205), today announced the
Company has restated its financial statements and Management Discussion and
Analysis (MD&A) for the years ended December 31, 2008 and 2009 and the quarter
ended March 31, 2010. 


The restatement of the Company's consolidated financial statements resulted from
management's identification of non-cash accounting errors in its December 31,
2009 and December 31, 2008 annual consolidated financial statements and its
March 31, 2010 interim financial statements. The corrections relate to the
Company's reporting of mineral property acquisition and future income tax
liabilities in compliance with CICA Handbook Section 3465 - Income Taxes.


As a result of these corrections, the previously reported results changed to the
following:



                                        As at          As at          As at
                                     March 31,   December 31,   December 31,
                                         2010           2009           2008
----------------------------------------------------------------------------
Mineral properties as                                                       
 previously reported             $ 15,608,989   $ 15,961,687   $ 15,144,889
Mineral properties, restated       19,618,079     20,091,995     19,981,153
Future tax liabilities as                                                  
 previously reported                        -              -              -
Future tax liabilities,                                                    
 restated                        $  4,009,110   $  4,130,308   $  4,836,264



The Company noted that this technical correction has no impact on either cash
outlays required or the operation of its business.


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 project net present value (NPV) (10% discount) 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.