Sino Vanadium Successfully Extends Its Registered Capital Requirement

The Board of Sino Vanadium Inc. (TSX VENTURE:SVX), a late-stage vanadium
pentoxide (V205) play, announced today that it has been successful in obtaining
an extension from the applicable Chinese governmental authority for meeting the
registered capital requirement of its wholly owned subsidiary, Shaanxi Wellkan
Resources Limited ("Shaanxi Wellkan"). Under the extension granted, Shaanxi
Wellkan does not need to meet its registered capital requirement until October
21, 2011.


The People's Republic of China (PRC) Ministry of Commerce requires certain
registered capital requirements to be met by certain deadlines. These
requirements are company specific, but are commonly applied in China to ensure
companies operating there are properly capitalized. Currently, Shaanxi Wellkan
has fully paid up registered capital requirements totaling RMB 27,356,700.
Shaanxi Wellkan was required to have fully paid up registered capital of RMB
120,000,000 (approximately $21.5 million) by October 21, 2010; this deadline has
now been extended to October 21, 2011.


Further information about the registered capital requirement and its impact on
the Corporation can be found in the Corporation's annual information form, dated
June 18, 2010, and available on SEDAR (www.sedar.com).


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.