AVC

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE
SECURITIES DESCRIBED HEREIN.


AMERICAN VANADIUM CORP. ("American Vanadium" or the "Company") (TSX
VENTURE:AVC)(OTCQX:AVCVF) is pleased to report that it has closed the second
tranche of its previously announced non-brokered private placement (the "Private
Placement"). It has issued a total of 3,530,000 units at the price of CDN$0.50
per unit (a "Unit") for total gross proceeds to the Company of approximately
CDN$1,765,000.


Each Unit consists of one common share in the capital of the Company (a "Common
Share"), one half of one warrant exercisable at $0.60 ("$0.60 Warrant") and one
half of one warrant exercisable at $0.80 ("$0.80 Warrant"). Each whole $0.60
Warrant entitles the holder thereof to purchase one Common Share (a "Warrant
Share") at a price of $0.60 until May 4, 2014 and each whole $0.80 Warrant
entitles the holder thereof to purchase one Warrant Share at a price of $0.80
until November 4, 2015. 


The Company paid a finder's fee of up to 6% cash and the issuance of up to 6%
Warrants on 560,000 Units sold. 


The net proceeds of the Private Placement will be used for sales and marketing
activities of the CellCube vanadium redox flow batteries, mine design,
environmental permitting and general working capital.


All securities issued in connection with the Private Placement will be subject
to a statutory hold period of four months plus a day from the date hereof in
accordance with applicable securities laws.


The Company also reports that it granted an aggregate of 745,000 options at the
exercise price of $0.60 each to its directors and officers. The stock options
are granted pursuant to the Company's Stock Option Plan, as amended and are for
a term of five years from the date of grant.


The securities have not been registered under the United States Securities Act
of 1933, as amended, or any state securities laws and may not be offered or sold
in the United States absent registration thereunder or an applicable exemption
from such registration requirements. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy any of the securities in
the United States.


About American Vanadium Corp.

American Vanadium is an integrated energy storage company that markets and sells
GILDEMEISTER'S CellCube vanadium redox flow batteries in North America. American
Vanadium is developing the only vanadium mine in the United States, providing a
critical source of vanadium electrolyte for CellCube energy storage systems. The
Company's Gibellini Vanadium Project, located in Nevada, is being designed to
economically produce vanadium electrolyte for the energy storage industry, as
well as vanadium products for the steel and alloying industries.


ON BEHALF OF THE BOARD 

Bill Radvak, President and CEO

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.


Forward-Looking Statements: This press release contains "forward-looking
information" within the meaning of applicable Canadian securities laws,
including statements with respect to obtaining shareholder approval, use of
proceeds, future plans and objectives for the Gibellini Project and the energy
storage business. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors, which may cause the actual results,
performance or achievements of American Vanadium to be materially different from
any future results, performance or achievements expressed or implied by the
forward-looking information. Forward-looking information includes estimates of
mine production rates and mine life, revenues from future mining operations,
capital and operating costs, and pay-back period. Factors that may cause actual
results to vary include, but are not limited to, changes in project parameters
as plans continue to be refined; future prices of vanadium; possible variations
in reserves, grade or recovery rates; changes to capital and operating cost
estimate, delays in obtaining governmental approvals or financing or in the
completion of development or construction activities. We may not have adequate
capital, financing or cash flow to sustain our business or implement our
business plans. Statements contemplating or making assumptions regarding actual
or potential sales, market size and demand, prospective business contracts,
customer orders or trends in the energy storage market constitute forward
looking statements. Our actual results may differ from those indicated in
forward looking statements as the energy storage and renewable energy generation
business is subject to significant economic, competitive, regulatory, business
and industry risks which are difficult to predict and many of which are beyond
our control. Our business performance may be adversely affected by a general
decline in the economy, unavailability of capital or financing for prospective
customers to purchase products and services from us, competition, changes in
regulations, a decline in the demand for energy storage and other risks.
Although American Vanadium has attempted to identify important factors that
could cause actual results to differ materially from those contained in forward-
looking statements, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements. American
Vanadium does not undertake to update any forward- looking statements, except in
accordance with applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
American Vanadium Corp.
Dan Schieber
Director, Corporate Finance
(604) 681-8588 X 106
dschieber@americanvanadium.com
www.americanvanadium.com

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