American Vanadium

8/2/2019 American Vanadium

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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.

TSX.V: AVC 2


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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

TSX.V: AVC 5

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

TSX.V: AVC

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.

TSX.V: AVC 12

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
http://www.sumitomocorp.co.jp/english/


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VANADIUM IN CAR BATTERIESFOR GREATER PERFORMANCE

Audi A2

TSX.V: AVC 18

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

TSX.V: AVC 22

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

TSX.V: AVC 24

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

TSX.V: AVC 27

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

TSX.V: AVC 29


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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: [email protected]

www.americanvanadium.com

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