Bill Radvak, President & CEO Ron MacDonald, Executive Chairman

March 2012

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SAFE HARBOR
American Vanadium Corp. (AVC) will strive to maintain the information in this presentation in an accurate and timely manner. However, the information contained in this presentation should not be solely relied upon when making investment decisions. AVC does not warrant or make any representations as to the accuracy, completeness or content of this information or any other information discussed or referenced in this presentation. This presentation contains statements which may be deemed to be "Forward-Looking Statements" within the meaning of Section 27A of the 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, or in 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 our officers, directors, or employees to third parties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake 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 number of important factors could cause actual results to differ materially from those contained in any forward-looking statement.

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BOARD OF DIRECTORS
Ron MacDonald, Executive Chairman
Mr. Ron MacDonald is 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. While President of the Council of Forest Industries, Mr. MacDonald championed industry wide developments including the establishment of the softwood lumber industry in Asia. 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 presenter at conferences in the USA, Canada and Asia on critical and strategic markets.

Brian Bayley, Director

With over 25 years of business experience, Mr. Bayley has extensive knowledge in areas of asset backed lending, real estate, corporate restructuring and natural resources. Brian Bayley is currently a Director and Resource Lending Advisor of Sprott Resource Lending Corp. (formerly Quest Capital Corp.), a TSX Exchange and NYSE Amex listed resource lending corporation. Previously, he was President and CEO of Quest Capital Corp. Mr. Bayley holds 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 Washington State 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 a Director of Proginet Corporation, an enterprise security software company, and is a Director of Midway Gold Corp., a gold exploration and development company.

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-seismic geophysics and geochemistry to the oil industry when with Barringer Research for 12 years. He is and has been involved in multiple startups, both earth science and biotechnology companies, generally raising capital and advising in the inter-phase between science and finance; and then being involved on the Boards of Directors of these companies.

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 of assisting start-up corporations with capital raising, funding and other consulting activities. Over the past 27 years, Mr. McAlister has assisted in excess of 25 early stage companies in varied industries including biotechnology, enterprise software, and natural resources. Mr. McAlister holds a Bachelor of Science Degree (1979) with a major in Finance from the University of Denver.

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THE TEAM
Bill Radvak, BASc, President & CEO, Director Bill Radvak received a Mining and Mineral Process Engineering Degree (1986) from the University of British Columbia. He joined AVC in January 2010 as President & CEO. Mr. Radvak is a co-founder and past Chief Executive Officer of Response Biomedical, a medical device company he led from its evolution to a 90-employee company for which he raised in excess of $50 million in public offerings.

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, most recently as Executive Vice President of Allied Nevada Gold Corp. Prior to joining Allied Nevada Gold, Mr. Doyle held positions of Senior Vice President of Operations for Kinross Gold Corporation, Vice President and General Manager of Round Mountain Gold Corp, (KinrossBarrick joint venture) and General Manager of Gold Bar operations for Atlas Gold Corp. He graduated in 1977 from the University of California 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 from concept to market. His experience is in strategic business planning, business tactics and developing or structuring new business partnerships with multinational companies. He has masters degrees in science and business and will be focusing his efforts on the vertical 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 has consulted 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 resource companies, including B.C.-based lumber corporations and a major Canadian fishery. In the last four years, he has worked extensively in the rare and critical resource space, developing and implementing global market and financing programs for Canadian mining companies particularly with respect to the Asian financial community. He was also a member of the OECD committee that developed the new international due diligence guidelines, as well as contributor to the Electronic Industry Citizenship Coalition (EICC) committee dealing with ethical sourcing of materials.
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CAPITAL STRUCTURE

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Market Capitalization Issued Shares

January 30, 2012

$21 million 27 million

Fully Diluted Shares

Working Capital Ownership

32 million
$4.5 million, No debt 40% Management and Insiders 14% Institutions

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GIBELLINI PROJECT OVERVIEW

Eureka County, Nevada

100% controlled Only advanced vanadium project in US

Permitting & detailed engineering underway

5% of global production

2500 feet

Open pit, heap leach operation

Feasibility Study
(after tax)

(AMEC)

Internal Rate of Return Net Present Value Payback

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43% $170 million 2.4 years

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(7% discount)

VANADIUM: THE CRITICAL ELEMENT

Steel

Aerospace and defense industry

Rebar & structured beams required to meet building codes Required for high speed tools and surgical steels Titanium vanadium alloys required for aircraft, missiles, personnel transports, etc. Required in production of synthetic rubber, polyester, fiberglass, sulfuric acid, etc. Critical component of catalytic converters to remove sulfur dioxide and other pollutants The grid scale Vanadium Flow Battery Lithium Vanadium Batteries for Electric vehicles
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Chemicals & Pollution Control

Source: TTP Squared, Inc.

Energy Storage

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VANADIUM IN STEEL
A GREEN METAL

High Strength, Low Alloy Steel (HSLA)

1 ton HSLA = 1.4 ton carbon steel

0.2% vanadium content in steel Increases Decreases strength by up to 100% 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

Source: Vanadium Supply Chain, IFBF Presentation, June 15, 2010

Specific Vanadium Consumption Rates in the BRIC countries are expected to equalize with world averages by 2025. A major pillar of Chinas 12th, 5-year economic plan is to produce higher quality steel.
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VANADIUM CONSUMPTION GROWTH

Source: Roskill Consulting Group

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 rebar which 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
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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
the worlds largest supply chain without a warehouse
- Mark Jonson ARPA-e

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 immense capital replacement and upgrade costs of the grid, but is expected to yield returns through increased energy efficiency in the grid.

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.
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CHINAS 12th 5 YEAR PLAN COMMITMENTS

90% of Chinas energy consumed comes from coal, crude oil and other substances with large carbon contents. China obtains more than 50% of its oil from foreign sources and is exploring for new coal will become more difficult in the future. China is going to rely on energy storage, as well as renewable sources of energy such as hydro, solar and wind power to cut its carbon emissions. By 2020, China is to get 15% of its energy from non-fossil sources. Chinese industry experts believe they will exceed the planned proportion during the the five-year plan, given Chinas pace of development of renewable energy sources.

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CHINAS NATIONAL GOLDEN SUN PROJECT

World largest renewable energy project covering wind power, solar power, energy storage and SMART GRID power transmission

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/guidance requiring any new electricity plants or projects install systems capable of storing 10% of the new plant/project capacity.

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ENERGY STORAGE INVESTMENT

STORAGE ACT of 2011 Storage Technology for Renewable and Green Energy Act Bi-partisan bill introduced November 11, 2011 Tax incentives
20% investment tax credit of up to $40 million for storage systems connected to the electric grid 30% investment tax credit of up to $1 million to businesses and homeowners for on-site storage projects
Piper Jaffray estimates energy storage investments are expected to reach $225 billion by 2020

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 production

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VANADIUM IN ENERGY STORAGE

FOR A GREENER FUTURE

President Obama Vanadium Redox Fuel cell thats one of the coolest thing Ive ever said out loud
Forum on Small Business: Closing Session Cleveland, OH, Feb 22, 2011

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

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VANADIUM IN CAR BATTERIES

FOR GREATER PERFORMANCE

Audi A2

Nissan Leaf

NISSANS NEW 10 MINUTE ELECTRIC VEHICLE CHARGER

OCTOBER 2011

Vanadium and tungsten replaces carbon in the electrode

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VANADIUM DEMAND FOR ENERGY APPLICATIONS By 2020 EIA predicts 1,028 Billion kWh of renewable energy
1% in VFB storage = 211,233 MT V2O5

By 2020 EIA predicts 23.9 Trillion kWh of non wind + solar global electricity generation
0.01% in VFB storage = 49,258 MT V2O5

By 2020 JD Power predicts that a cumulative total of 4.48 million passenger vehicles will be fully battery operated
20kg of V2O5 per car

Estimated 2011 V2O5 production

129,000 MT V2O5

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VANADIUM MARKET
VANADIUM SUPPLY SHORTAGE VANADIUM PRICE FORECAST
(V2O5 $/lb)

Source: Roskill Consulting Group

Historical source: London Metal Bulletin Forecast source: Roskill Consulting Group

In 2012, the global vanadium market is estimated to have a surplus which will then start to reduce Production will not meet required consumption levels until 2017 Any issues which stop or delay vanadium reaching the market will cause a further deficit
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Vanadium price forecasts do not include future demand for energy storage applications

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VANADIUM PRODUCTION COST CURVE

Metric Tonnes Vanadium

Source: TTP Squared, Inc.
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AMERICAS ONLY STRATEGIC RESOURCE Gibellini Hill

2500 feet

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
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FEASIBILITY STUDY HIGHLIGHTS September 2011 (AMEC)

(after tax)

Internal Rate of Return (IRR) Net Present Value Payback Average Grade Strip Ratio (waste:ore) Mining Operating Rate (ore and waste) Average V2O5 recovery Average Annual Production Operating Cost Capital Cost Average V2O5 Selling Price V2O5 Selling Price Range

43% $170 million (7% discount) 2.4 years 0.302% V2O5 0.22 to 1 3.5 million tons per year 65.9% 11.4 million lbs V2O5 $4.10 / lb V2O5 $95.5 million (incl. $10.7 million contingency) $10.95 / lb* $7.68 - $13.63 / lb*
* Roskill Consulting Group

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GIBELLINI HILL GEOLOGY

AMEC Feasibility Study Summary Class RESOURCE Total Measured & Indicated
(inclusive of Reserves)

Tons (1,000 lbs) 23,050 14,226 19,969

V2O5 (%) 0.285 0.172 0.302

Cut-off Grade (V2O5 %) 0.066 0.077 0.066 - 0.088 0.131 0.153

V2O5 Contained (pounds) 131,369,000 48,960,000 120,510,000

Total Inferred RESERVE Proven and Probable

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GIBELLINI HILL
Final Pit w/Drill Holes North View

Long Section SW View

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GIBELLINI HILL OPERATING PLAN

Gibellini Hill Pit Waste Louie Hill Leach Pad

Infrastructure Water Power Access road Nearest town

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7 miles 7 miles 2 miles 25 miles

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PROCESS FLOW SHEET

SULFURIC ACID HEAP LEACH Ore

Cone Crusher

No grinding

No roasting

Agglomeration

Heap Leaching

Pregnant Solution Pond

ACID Barren Pond Solvent Extraction ORGANIC

2 cycles

Vanadium Pentoxide

Organic Stripping
ACID Purple Flake Production V2O5 Production Resin Cleaning

Vanadium Electrolyte

Precipitation

Two products made onsite

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RESOURCE EXPANSION
Over 7,000 acres 377 unpatented claims
5 miles

AMEC NI 43-101 Technical Report Inferred Louie Hill Mineral Resource Estimate Effective May 20, 2011 Cut-off V2O5% 0.077 Tons (Mt) 7.67 V2O5% 0.27 V2O5 (Mlb) 41.87

LOUIE HILL Total 74 drill holes Future plans to conduct both in-fill drilling and further metallurgical testing on the deposit to upgrade the resource
5000 Feet
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THE INVESTMENT
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

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TSX.V: AVC OTC: AVCVF FRA: 0UA

Bill Radvak President & CEO

Suite 1028, 550 Burrard Street Vancouver, British Columbia, Canada V6C 2B5

Telephone: (604) 488-5417 Cellular: (778) 888-4101 Email: bradvak@americanvanadium.com

www.americanvanadium.com
Twitter American Vanadium Facebook American Vanadium
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LinkedIn American Vanadium Youtube American Vanadium

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