Saturday, December 3, 2011

American Vanadium Corp.. announces positive feasibility study for Gibellini Vanadium Project

DJ PRESS RELEASE / DDP DIRECT American Vanadium Corp.. announces
positive feasibility study for Gibellini vanadium project
After-tax IRR of 43% and NPV of $ 170.1 million
(Ddp direct) All dollar values ​​are stated in U.S. dollars, unless
otherwise noted.
The Gibellini project would be the only mine in the U.S., primarily
in the vanadium would be degraded. It was planned as a day,
heap-construction project. The metallurgical tests were by McClelland
Laboratories, Inc. performed in Sparks (Nevada) under the direction of
The Roskill Consulting Group in London ("Roskill") reported in the
vanadium market outlook, they pay for AMEC as part of the feasibility
study prepared. "2012 is the global vanadium market in surplus, which
will begin in the next few years to sink in 2014, will reach the price
$ 10/Pfund pentoxide and $ 45/kg ferrovanadium, as the market prepared
for a potential deficit in 2015. Although predicted in prices fast
climbs, awaits Roskill, that they are below the record high in 2005
will remain. Taking into account the actual $ figures from 2010, the
vanadium prices expected to be during the entire forecast period,
below the 2005 figures. But could any problems that may prevent the
introduction of vanadium on the market, or delay, leading to a deficit
which would increase the prices. " The Roskill Consulting Group has
not taken into account in their calculations, a possible demand for
vanadium in relation to the flow battery or electric cars.

"We are very pleased to be able to give such a convincing economic
data to the project known," said Bill Radvak, President and CEO of
American Vanadium Corp.. "They provide us the foundation we need to
accelerate the development and expansion of the project. Our baseline
work has been no environmental material problems arise. We are now on
track to complete the action plan for review and comment by The
authority for the management of state-owned lands (Bureau of Land
Management) and the U.S. state of Nevada. The NI 43-101 technical
report will be available on SEDAR within 45 days. "
The feasibility study was conducted under the direction of Kirk
Hanson of AMEC. Hanson is defined by National Instrument 43-101, a
"qualified person" and has no affiliation with American vanadium.
Hanson has the contents of the press release in which the results of
the feasibility study are summarized agreed.
This press release was written by Alan Branham, a board member of the
company, tested and approved. He is a member of the American Institute
of Professional Geologists (CPG # 10 979), a Certified Professional
Geologist and a "Qualified Person" under NI 43-101.
About AMEC plc
AMEC plc is a company that specializes in high quality consulting and
engineering services and project management for natural resources,
nuclear energy, clean energy, water and environment. Designs with an
annual turnover of 2.5 billion GBP, delivers and maintains strategic
and complex AMEC Investments for its clients. The company employs more
than 21,000 employees in approximately 40 countries.
About American Vanadium Corp..
American Vanadium is currently developing the Gibellini Vanadium
Project, a vanadium deposit in the U.S. state of Nevada. Vanadium is
an essential metal alloy that is used for reinforcing steel and in the
growing fields of mass and energy storage lithium-vanadium batteries
for the next generation is becoming increasingly important. The
Gibellini vanadium project the company is offering unique
opportunities for economic extraction of vanadium in the steel and
alloy industries, as well as vanadium electrolyte for the mass storage
Bill Radvak, President and CEO
Forward-Looking Statements: This press release contains
"forward-looking statements" as defined in applicable Canadian
securities laws, including statements regarding the expected use of
proceeds from the private placement as well as regarding future plans
and objectives for the Gibellini project. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that could cause actual results, performance or expectations
of American Vanadium differ materially from those expressed or implied
forward-looking statements. Forward-looking statements involve
estimates of the capacity and life of the mine, the proceeds from
future mining projects, the investment and operating costs and the
period for amortization. Factors that could affect actual results,
include: actual results of current exploration activities, conclusions
of economic evaluations, changes in project parameters as the
development of plans; future vanadium prices, possible fluctuations in
the stocks, in the content or yield, changes in estimating capital and
operating costs, delays to obtain permits or funds by the government,
or delays in the completion of development or in construction work.
American Vanadium has done his utmost to identify important factors
that could cause actual results to differ materially from those
projected in the forward-looking statements. Nevertheless, there may
be other factors that lead to results that are predicted neither
planned nor can be estimated. There is no assurance that such
statements will prove to be accurate as actual results and future
events could differ materially from those expressed in forward-looking
statements could. The reader should therefore evaluate the
forward-looking statements in this press release with the necessary
caution. American Vanadium will not update forward-looking statements,
unless so required by applicable securities laws.

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