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American Vanadium appoints Ron MacDonald as executive chairman

Last updated: 14:37 25 Jan 2012 EST, First published: 15:37 25 Jan 2012 EST

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American Vanadium Corp. (CVE:AVC) has appointed Ron MacDonald as executive chairman to the board, the company said Wednesday.

MacDonald’s appointment is effective immediately. He replaces Brian McAlister, who will continue as a member of the company’s board.

MacDonald has held positions such as former senior assistant to the Canadian minister of foreign affairs, deputy prime minister, chief of staff to the leader of the government in the Senate of Canada, parliamentary secretary of international trade as well as elected member of parliament.

In addition, while being the president of the council of forest industries, he pioneered the development of Asian markets for Canadian lumber products. He also was a contributing member of the OECD Committee on ethical minerals.

MacDonald was also a contributor to the European Union Commission Framework 7 policy paper on “Scarcity of Strategic Minerals” and a speaker at conferences in the U.S., Canada and Asia on critical and strategic markets.

Last November, American Vanadium said it started a detailed engineering program for its Gibellini project in Nevada by awarding an engineering and construction management contract to Scotia International of Nevada.

The property, a vanadium deposit located in Nevada, is made up of 232 unpatented lode claims and seven placer claims that total 4,254 acres.

Gibellini has a resource of 131.3 million pounds of measured and indicated vanadium grading 0.285 percent, and 48.96 million pounds inferred vanadium grading 0.172 percent.

The scope of the contract includes three different stages through start-up of the mining operation: basic engineering, detailed engineering, and construction management.

"The exciting part of the American Vanadium story is the fact that not only will we be the only mine in the U.S. producing vanadium for the steel industry but will also be the only producer of vanadium electrolyte necessary for vanadium flow batteries, which allow for the mass storage of renewable and conventional energy," said president and CEO, Bill
Radvak.

"Having the only vanadium mine in North America will provide us with a strategic opportunity to play a lead role in establishing that business on this continent and will provide the best return to our shareholders.

"With the filing of our plan of operations for the Environmental Impact Statement anticipated later this year, the permitting timeline will be longer than originally anticipated which dovetails with our strategy to build the vanadium flow battery business in America."

American Vanadium, formerly Rocky Mountain Resources Corp., is a Canada-based junior mining company, with its main focus on the development of its Gibellini project.

Vanadium is a critical alloying-metal used to strengthen steel and is also growing in importance in the emerging uses of mass energy storage and lithium-vanadium batteries.

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