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Bill Radvak, President & CEORon MacDonald, Executive ChairmanMarch 2012
TSX.V: AVCOTC: AVCVF
FRA: 0UA
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SAFE HARBOR
American Vanadium Corp. (AVC) will strive to maintain the information in this presentation in anaccurate and timely manner. However, the information contained in this presentation should not besolely relied upon when making investment decisions. AVC does not warrant or make anyrepresentations as to the accuracy, completeness or content of this information or any otherinformation discussed or referenced in this presentation. This presentation contains statementswhich may be deemed to be "Forward-Looking Statements" within the meaning of Section 27A ofthe Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as
amended. We may also make written or oral forward-looking statements in our periodic reports, orin our annual report to shareholders, in our proxy statements, in our offering circulars and
prospectuses, in press releases and other written materials and in oral statements made by ourofficers, directors, or employees to third parties. Statements that are not historical facts, includingstatements about our beliefs and expectations, are forward-looking statements. These statementsare based on current plans, estimates and projections, and therefore you should not place unduereliance on them. Forward-looking statements speak only as of the date they are made, and weundertake no obligation to update publicly any of them in light of new information or future events.
Forward-looking statements involve inherent risks and uncertainties. We caution you that a numberof important factors could cause actual results to differ materially from those contained in anyforward-looking statement.
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BOARD OF DIRECTORS
Brian Bayley, Director
With over 25 years of business experience, Mr. Bayley has extensive knowledge in areas of asset backed lending, real estate, corporate restructuringand natural resources. Brian Bayley is currently a Director and Resource Lending Advisor of Sprott Resource Lending Corp. (formerly Quest CapitalCorp.), a TSX Exchange and NYSE Amex listed resource lending corporation. Previously, he was President and CEO of Quest Capital Corp. Mr. Bayleyholds an MBA from Queens University. Mr. Bayley is currently a director and/or officer on numerous other public companies.
Alan Branham, CPG, Director
Alan Branham has more than 20 years of international exploration experience, most recently as President of Midway Gold Corp. Prior to Midway, Mr.Branham was a senior geologist with Newmont Mining Corp. Mr. Branham earned a Masters of Science Degree in Economic Geology from WashingtonState University, a Bachelor Degree from Stanford University, California, and has participated in successful exploration projects in the Southwestern US,Mexico and Central America. Mr. Branham was involved with the discovery of several world-class gold deposits in the Carlin Trend in Nevada.
George Hawes, Director
Mr. Hawes is a private investor and is President of G.T. Hawes & Co., a private New York real estate and investment company. He is currently aDirector of Proginet Corporation, an enterprise security software company, and is a Director of Midway Gold Corp., a gold exploration and developmentcompany.
Dr. E. Kelly Hyslop, Director
Dr. Hyslop is retired after 25 years as a Physician and Clinical Professor in the Department of Medicine at UBC. He has also taught non-seismicgeophysics and geochemistry to the oil industry when with Barringer Research for 12 years. He is and has been involved in multiple startups, both earthscience and biotechnology companies, generally raising capital and advising in the inter-phase between science and finance; and then being involvedon the Boards of Directors of these companies.
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Ron MacDonald, Executive ChairmanMr. Ron MacDonald is the former Senior Assistant to the Canadian Minister of Foreign Affairs, Deputy Prime Minister, Chief of Staff to the Leader of theGovernment in the Senate of Canada, Parliamentary Secretary of International Trade and elected Member of Parliament. While President of the Councilof Forest Industries, Mr. MacDonald championed industry wide developments including the establishment of the softwood lumber industry in Asia. Hewas also a contributing member of the OECD Committee on ethical minerals, a contributor to the EU Commission Framework 7 policy paper on Scarcityof Strategic Mineralsand a presenter at conferences in the USA, Canada and Asia on critical and strategic markets.
Brian McAlister, BSc, Director
Brian McAlister is the President of Cornet Capital Corporation, a company owned and controlled by Mr. McAlister, which is engaged in the business ofassisting start-up corporations with capital raising, funding and other consulting activities. Over the past 27 years, Mr. McAlister has assisted in excessof 25 early stage companies in varied industries including biotechnology, enterprise software, and natural resources. Mr. McAlister holds a Bachelor ofScience Degree (1979) with a major in Finance from the University of Denver.
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THE TEAM
Michael Doyle, MGeol, Executive Vice President of Operations
Michael Doyle has more than 30 years of domestic and international mining experience in surface and underground operations, mostrecently as Executive Vice President of Allied Nevada Gold Corp. Prior to joining Allied Nevada Gold, Mr. Doyle held positions of SeniorVice President of Operations for Kinross Gold Corporation, Vice President and General Manager of Round Mountain Gold Corp, (Kinross-
Barrick joint venture) and General Manager of Gold Bar operations for Atlas Gold Corp. He graduated in 1977 from the University ofCalifornia at Santa Barbara with a degree in geology and was the past chairman of the Nevada Mining Association.
Paul Casey, MBA, Director of Business Development
Paul Casey has over 12 years experience in the highly regulated medical device industry and has managed several large projects fromconcept to market. His experience is in strategic business planning, business tactics and developing or structuring new businesspartnerships with multinational companies. He has masters degrees in science and business and will be focusing his efforts on thevertical integration of our vanadium products into multiple markets.
Michael Hyslop, Director of Corporate Development
Michael Hyslop was formerly as a licensed stock broker where he focused on venture capital financing in the resource sector. He hasconsulted for several resource companies since leaving the brokerage community, providing advice and support in business strategy,investor relations, social media, capital raises and alternative financing arrangements.
Mark Baggio, Advisor External Markets
As the founder of Cansource Marketing, Mark has provided global strategic advice and marketing services to natural resourcecompanies, including B.C.-based lumber corporations and a major Canadian fishery. In the last four years, he has worked extensivelyin the rare and critical resource space, developing and implementing global market and financing programs for Canadian miningcompanies particularly with respect to the Asian financial community. He was also a member of the OECD committee that developedthe new international due diligence guidelines, as well as contributor to the Electronic Industry Citizenship Coalition (EICC) committee
dealing with ethical sourcing of materials.
Bill Radvak, BASc, President & CEO, DirectorBill Radvak received a Mining and Mineral Process Engineering Degree (1986) from the University of British Columbia. He joined AVC inJanuary 2010 as President & CEO. Mr. Radvak is a co-founder and past Chief Executive Officer of Response Biomedical, a medicaldevice company he led from its evolution to a 90-employee company for which he raised in excess of $50 million in public offerings.
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CAPITAL STRUCTURE
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TSX.V: AVC January 30, 2012
Market Capitalization $21 million
Issued Shares 27 million
Fully Diluted Shares 32 million
Working Capital $4.5 million, No debt
Ownership40% Management and Insiders14% Institutions
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GIBELLINI PROJECT OVERVIEW
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Eureka County, Nevada
100% controlled
Only advanced vanadium project in US
Permitting & detailed engineering underway
5% of global production
Open pit, heap leach operation2500 feet
Feasibility Study (AMEC)(after tax)
Internal Rate of Return 43%
Net Present Value (7% discount) $170 million
Payback 2.4 years
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VANADIUM: THE CRITICAL ELEMENT
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Steel Rebar & structured beams required
to meet building codes Required for high speed tools and
surgical steels
Aerospace and defense industry Titanium vanadium alloys required
for aircraft, missiles, personneltransports, etc.
Chemicals & Pollution Control Required in production of synthetic
rubber, polyester, fiberglass, sulfuricacid, etc.
Critical component of catalyticconverters to remove sulfur dioxideand other pollutants
Energy Storage The grid scale Vanadium Flow Battery Lithium Vanadium Batteriesfor
Electric vehicles
7
Source: TTP Squared, Inc.
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VANADIUM IN STEELA GREEN METAL
High Strength, Low Alloy Steel (HSLA)
1 ton HSLA = 1.4 ton carbon steel
0.2% vanadium content in steel
Increases strength by up to 100%
Decreases weight by up to 30%
iron ore consumption
shipping costs
energy consumption
manufacturing costs
pollution
number of steel mills
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STEEL REGULATION
Specific Vanadium Consumption Rates in the BRIC countries are expected to equalize withworld averages by 2025.
A major pillar of Chinas 12th, 5-year economic plan is to produce higher quality steel.9TSX.V: AVC
Source: Vanadium Supply Chain, IFBF Presentation, June 15, 2010
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VANADIUM CONSUMPTION GROWTH
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Global Vanadium consumption is predicted to double by 2020
As of July 1, 2011, new buildings designed in China will no longer have Grade 2 rebarwhich does not have vanadium
This equates to an additional 27,000 Metric Tonnes of vanadium per year
This equates to ~40% increased in global demand of vanadium per year
Source: Roskill Consulting Group
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VANADIUM SUPPLY IN THE US
US imports 99% of its vanadium Over 80% comes from countries with geopolitical risk
US imports 100% for titanium alloys
Source: TTP Squared, Inc. Source: TTP Squared, Inc.
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ENERGY STORAGE
Upgrading the Grid
Energy consumption is growing
Grid infrastructure is decades old
Capital expenditures have been greatly delayed
Grid built for peak load
Energy Storage is not only expected to save immensecapital replacement and upgrade costs of the grid, butis expected to yield returns through increased energyefficiency in the grid.
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Making Renewable Energy Efficient
Intermittent supply from wind and solar
Energy provided at non-peak periods
Storage required to integrate new renewable
energy into the old grid.
the worlds largest supply
chain without a warehouse- Mark Jonson ARPA-e
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CHINAS 12th 5 YEAR PLAN COMMITMENTS
90% of Chinas energy consumed comes from coal, crude oiland other substances with large carbon contents. China obtainsmore than 50% of its oil from foreign sources and is exploringfor new coal will become more difficult in the future.
China is going to rely on energy storage, as well as renewablesources of energy such as hydro, solar and wind power to cutits carbon emissions.
By 2020, China is to get 15% of its energy from non-fossilsources. Chinese industry experts believe they will exceed the
planned proportion during the the five-year plan, given Chinaspace of development of renewable energy sources.
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CHINAS NATIONAL GOLDEN SUN PROJECT
World largest renewable energy project covering windpower, solar power, energy storage and SMART GRID powertransmission
US$1.9 Billion Zhangbei Demonstration Project Wind power capacity: 500MW Solar photovoltaic generation capacity: 100MW Energy storage capacity: 110MW
Goal
Liaoning Province has issued an advisory/guidancerequiring any new electricity plants or projects installsystems capable of storing 10% of the new plant/projectcapacity.
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STORAGE ACT of 2011
Storage Technology forRenewable and Green Energy Act
Bi-partisan bill introducedNovember 11, 2011
Tax incentives 20% investment tax credit of up
to $40 million for storagesystems connected to the electricgrid
30% investment tax credit of upto $1 million to businesses andhomeowners for on-site storageprojects
ENERGY STORAGE INVESTMENT
ENERGY STORAGE IN CALIFORNIA
Average annual electricity usage is >270,000 GWH
Average peak daily demand is about 65,000 MW
AB 2514 5% of peak demand in storage by 2015 3,250 MW of storage 52M lbs of vanadium
40% of global annual vanadium production15TSX.V: AVC
Piper Jaffray estimates energy storage investments are
expected to reach $225 billion by 2020
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VANADIUM IN ENERGY STORAGEFOR A GREENER FUTURE
President Obama
Vanadium Redox Fuel cellthats one of the coolest thing Iveever said out loud
Forum on Small Business: Closing SessionCleveland, OH, Feb 22, 2011
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Vanadium Flow Batteries (VFBs)
Over 10,000 cycles & more than 20 year life
Full cycle rapid charge and discharge
Power and energy independently scalable
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VANADIUM FLOW BATTERIES
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VANADIUM IN CAR BATTERIESFOR GREATER PERFORMANCE
Audi A2
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Nissan Leaf
Vanadium and tungsten replaces carbonin the electrode
NISSANS NEW 10 MINUTE
ELECTRIC VEHICLE CHARGEROCTOBER 2011
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VANADIUM DEMAND FOR ENERGY APPLICATIONS
By 2020 EIA predicts 1,028 Billion kWh ofrenewable energy
1% in VFB storage = 211,233 MT V2O5
By 2020 EIA predicts 23.9 Trillion kWh ofnon wind + solar global electricity generation
0.01% in VFB storage = 49,258 MT V2O5
By 2020 JD Power predicts that a cumulativetotal of 4.48 million passenger vehicles willbe fully battery operated
20kg of V2O5 per car
Estimated 2011 V2O5 production
129,000 MT V2O5
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VANADIUM MARKET
In 2012, the global vanadium market is estimated tohave a surplus which will then start to reduce
Production will not meet required consumption levelsuntil 2017
Any issues which stop or delay vanadium reachingthe market will cause a further deficit
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Source: Roskill Consulting GroupHistorical source: London Metal Bulletin
Forecast source: Roskill Consulting Group
VANADIUM PRICE FORECASTVANADIUM SUPPLY SHORTAGE
Vanadium price forecasts do not include futuredemand for energy storage applications
(V2O5 $/lb)
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VANADIUM PRODUCTION COST CURVE
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Source: TTP Squared, Inc.
Metric Tonnes Vanadium
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AMERICAS ONLY STRATEGIC RESOURCE
Only advanced vanadium project in the US
100% controlled, 2% NSR
Historic exploration drilling by Union Carbide, Noranda, Atlas
Feasibility Study and NI 43-101 Technical Report, 2011 (AMEC)
7 year reserve with excellent opportunity to upgrade additional resources
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2500 feet
Gibellini Hill
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September 2011 (AMEC)(after tax)
Internal Rate of Return (IRR) 43%
Net Present Value $170 million (7% discount)
Payback 2.4 years
Average Grade 0.302% V2O5
Strip Ratio (waste:ore) 0.22 to 1
Mining Operating Rate (ore and waste) 3.5 million tons per year
Average V2O5 recovery 65.9%
Average Annual Production 11.4 million lbs V2O5
Operating Cost $4.10 / lb V2O5
Capital Cost $95.5 million (incl. $10.7 million contingency)
Average V2O5Selling Price $10.95 / lb*
V2O5Selling Price Range $7.68 - $13.63 / lb*
FEASIBILITY STUDY HIGHLIGHTS
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* Roskill Consulting Group
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GIBELLINI HILL GEOLOGY
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AMEC Feasibility Study Summary
Class Tons(1,000 lbs) V2O5(%) Cut-off Grade(V2O5 %) V
2O5 Contained(pounds)
RESOURCETotal Measured & Indicated(inclusive of Reserves)
23,050 0.285 0.066 0.077 131,369,000
Total Inferred 14,226 0.172 0.066 - 0.088 48,960,000
RESERVEProven and Probable
19,969 0.302 0.131 0.153 120,510,000
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GIBELLINI HILL
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Long Section SW View
Final Pit w/Drill Holes North View
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GIBELLINI HILL OPERATING PLAN
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Infrastructure
Water 7 miles
Power 7 miles
Access road 2 miles
Nearest town 25 miles
Pit
Waste
Leach PadLouie Hill
Gibellini Hill
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Purple FlakeProduction
VanadiumElectrolyte
VanadiumPentoxide
PROCESS FLOW SHEETSULFURIC ACID HEAP LEACH
Two products made onsite
Cone Crusher
Agglomeration Heap Leaching
Barren PondSolvent
Extraction
PrecipitationV2O5
Production
No roasting
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No grinding
Ore
Pregnant
Solution Pond
Organic
Stripping
Resin Cleaning
2 cycles
ACID
ACID
ORGANIC
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5000 Feet
RESOURCE EXPANSION
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5 miles
Over 7,000 acres
377 unpatentedclaims
AMEC NI 43-101 Technical ReportInferred Louie Hill Mineral Resource Estimate
Effective May 20, 2011
Cut-off V2O5%Tons(Mt)
V2O5%V2O5(Mlb)
0.077 7.67 0.27 41.87
LOUIE HILL
Total 74 drill holes
Future plans to conduct both in-filldrilling and further metallurgical testingon the deposit to upgrade the resource
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Strong Financials Excellent capital structure
Strong Feasibility Study
Vanadium A critical element Increasing use in traditional markets
Forecasted upward price pressure
Green-technology Lighter stronger steel
Grid scale storage solution
US Production Developing Americas only vanadium mine
Strategic resource of national interest
Rapidly Evolving Story Multiple deal opportunities
THE INVESTMENT
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TSX.V: AVCOTC: AVCVF
FRA: 0UA
Bill RadvakPresident & CEO
Suite 1028, 550 Burrard Street
Vancouver, British Columbia, CanadaV6C 2B5
Telephone: (604) 488-5417Cellular: (778) 888-4101
Email: bradvak@americanvanadium.com
www.americanvanadium.com
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