American Vanadium Commences Trading on OTCQX

AMERICAN
VANADIUM CORP. ('American Vanadium? or the 'Company?) (TSX.V:
AVC) (OTCQX:
AVCVF) announces that its common shares will commence trading on the
OTCQX marketplace, the premier tier of the OTC Markets, under the symbol
'AVCVF? effective today.

'Trading on the OTCQX will broaden American Vanadium′s exposure in
the United States providing an efficient platform and improved liquidity
for its shareholders,? said Bill Radvak, President and Chief Executive
Officer of American Vanadium.'The OTCQX will offer easy access
through their regulated U.S. broker-dealers.?

Dorsey & Whitney LLP will serve as American Vanadium′s Principal
American Liaison ('PAL?) on OTCQX, providing guidance on OTCQX
regulatory requirements.

About OTC Markets Group Inc.

OTC
Markets Group Inc. (OTCQX: OTCM) operates the world's largest OTC
marketplace for equity securities. Our OTC Link ^? trading
system delivers price transparency in over 10,000 securities and enables
direct interaction between broker-dealers that provide liquidity and
execution services. We organize the wide spectrum of OTC-traded equity
securities into three marketplaces to inform investors of opportunities
and risks - OTCQX - The Intelligent Marketplace for the Best OTC
Companies; OTCQB ^? - The Venture Marketplace; and OTC Pink ^?
- The Open Marketplace. Our information-driven platform makes it easy
for investors to trade at the best price through the broker of their
choice and empowers companies to build the best markets for their
investors. To learn more about our Open, Transparent, and Connected
marketplace, visit www.otcmarkets.com.

About American Vanadium Corp.

American Vanadium is currently developing the only vanadium mine in the
United States. This strategic asset gives the Company the opportunity to
vertically integrate itself and its vanadium production into the highest
value market, grid energy storage. American Vanadium will be seeking
major joint venture partners in the solar, wind and grid-scale battery
manufacturing industries.

The Company′s Gibellini Project, located in Nevada, is unique in its
design to economically produce vanadium electrolyte for the energy
storage industry, as well as vanadium pentoxide for the steel and
alloying industries. 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
and U.S. securities laws, including statements regarding the Company′s
development, future plans and objectives, including regarding the
Gibellini Project, and the expected benefits of the OTCQX listing. 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

www.americanvanadium.com