American Vanadium Licenses Vanadium Electrolyte Intellectual Property from Battelle

AMERICAN VANADIUM CORP. ('American Vanadium? or the 'Company?) (TSX.V:
AVC) (OTC: AVCVF) announces it has signed a licensing agreement with
Battelle for use of a mixed acid electrolyte technology developed at
Pacific Northwest National Laboratory ('PNNL?) that increases the energy
density and operating temperature range of vanadium redox flow
batteries. Additionally, as part of a separate agreement, PNNL will
independently evaluate the development of American Vanadium′s
electrolyte, to be produced from its Gibellini Project in Nevada.

'Securing rights to this important intellectual property from a world
leading research institute such as Battelle is a strong first step in
our strategy to move up the value chain in the mass energy storage
industry by leveraging the development of our Gibellini Project,
America′s only vanadium deposit,? stated Bill Radvak, President & CEO of
American Vanadium. 'Grid scale energy storage is the foundation of
renewable energies like wind and solar and the future of American energy
distribution, and technical enhancements to vanadium flow batteries such
as this will only increase their value in this rapidly growing market.?

Peter C. Christensen, commercialization manager at Pacific Northwest
National Laboratory stated, 'We are pleased to sign this agreement with
American Vanadium to commercialize technologies funded by the Department
of Energy. Grid scale energy storage is a growing area of focus for this
Laboratory and the Department of Energy given the positive impact it
will make on the grid when widely deployed. This license and American
Vanadium′s work are significant steps in the right direction.?

Through the Laboratory′s Technology Assistance Program, researchers may
provide additional support for the development of American Vanadium′s
electrolyte to ensure its compatibility with both the licensed
technology as well as vanadium flow batteries currently being developed
and marketed worldwide.

About Battelle

Battelle is the world's largest independent research and development
organization. Headquartered in Columbus, Ohio, Battelle oversees 22,000
employees in more than 130 locations worldwide. Battelle has managed the
U.S. Department of Energy's Pacific Northwest National Laboratory in
Richland, Wash., since the laboratory's inception in 1965.

About American Vanadium Corp.

American Vanadium is currently developing the Gibellini Project, a
vanadium deposit located in Nevada, USA. Vanadium is a critical alloying
metal used to strengthen steel and is also growing in importance in
emerging uses such as mass energy storage and next generation
lithium-vanadium batteries. American Vanadium′s Gibellini Project is on
track to become North America′s only primary producer of vanadium and is
being designed to economically produce vanadium pentoxide for the steel
and alloying industries, as well as vanadium electrolyte for the mass
storage industry. A positive Feasibility Study and updated
National Instrument 43-101 Technical Report on the Gibellini Project
were completed by AMEC E&C Services, Inc. in 2011.

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 regarding the expected use of
proceeds from the Private Placement, and future plans and objectives for
the Gibellini Project. 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, actual results
of current exploration activities; conclusions of economic evaluations;
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. 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.

American Vanadium Corp.

Bill Radvak, 604-488-5417

President
& CEO

bradvak@americanvanadium.com

or

Mike
Hyslop, 604-488-8795

Director, Corporate Development

mhyslop@americanvanadium.com

or

Web
site: www.americanvanadium.com