Ron MacDonald Appointed Executive Chairman of American Vanadium Corp.

AMERICAN VANADIUM CORP. ('American Vanadium? or the 'Company?) (TSX.V:
AVC) (OTC: RMRCF.PK) announces the appointment of Vice Chairman, Ron
MacDonald, to Executive Chairman of the Board of Directors of American
Vanadium, effective immediately. Mr. MacDonald will replace Brian
McAlister who will continue as a member of the Company′s Board of
Directors. Bill Radvak, President and Chief Executive Officer of
American Vanadium commented, 'We would like to thank Brian for his
leadership as Chairman during which we achieved the important milestone
of completing a feasibility study late last year.?

Mr. Ron MacDonald′s extensive career has included such positions as: the
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 and
elected Member of Parliament. In addition while President of the Council
of Forest Industries; Mr. MacDonald pioneered the development of Asian
markets for Canadian lumber products. He was also a contributing member
of the OECD Committee on ethical minerals, a contributor to the EU
Commission Framework 7 policy paper on "Scarcity of Strategic Minerals′
and a speaker at conferences in the USA, Canada and Asia on critical and
strategic markets.

'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. 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.?

The Basic Engineering phase of the Engineering, Procurement and
Construction Management ('EPCM?) contract awarded to Scotia
International of Nevada, Inc. and the leach pad and civil design and
additional geotechnical studies being conducted by AMEC Environment &
Infrastructure, Inc. as previously announced on November 7, 2011 are all
underway.

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. The Company′s Gibellini Project is unique in
its design 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
have been 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.

For American Vanadium

Bill Radvak, 604-488-5417

President &
CEO

bradvak@americanvanadium.com

or

Mike
Hyslop, 604-488-8795

Director, Corporate Development

mhyslop@americanvanadium.com

Web
site: www.americanvanadium.com