American Vanadium and Gildemeister to Join Forces to Deliver Leading Energy Storage Solutions for America

  American Vanadium and Gildemeister to Join Forces to Deliver Leading Energy
  Storage Solutions for America

Business Wire

VANCOUVER, British Columbia -- February 19, 2013

American Vanadium Corp. (“American Vanadium”) (TSX.V: AVC) (OTCQX: AVCVF),
www.americanvanadium.com, a mining company developing its world class
Nevada-based vanadium deposit, has entered into a business relationship with
GILDEMEISTER energy solutions of Germany - a part of GILDEMEISTER group
(www.gildemeister.com) - which holds a leading position worldwide as a
producer of cutting machine tools as well as integrated energy solutions for
the production, storage and utilization of renewable energies. American
Vanadium and GILDEMEISTER have unveiled their memorandum of understanding to
explore various joint venture and partnership arrangements with the objective
of being a leading provider of energy storage and micro grid solutions in
North America. Senior officials of both companies are in New York this week to
meet with senior state, municipal and transit officials.

“Utilizing GILDEMEISTER’s fully developed and commercialized CellCube energy
storage systemand American Vanadium's stably priced supply of high purity
vanadium electrolyte, the companies together present a unique opportunity to
cooperate in the US torapidly supply the growing energy storage and renewable
energy market,” said Ron MacDonald, Executive Chairman of American Vanadium.

“The companies will examine various business models that will allow for the
rapid and economic adaption of Vanadium Redox Flow Batteries,” said Lars
Möllenhoff, (Managing Director of Cellstrom GmbH, part of GILDEMEISTER energy
solutions). “We have commercialized a unique energy storage solution with our
CellCube, a powerful, durable and low maintenance large scale vanadium redox
flow battery that can be incorporated into everyday energy systems. Our
battery system ensures a clean, emission-free energy supply at all times,
characterized by high reliability, high stability and very fast reaction
times.”

About GILDEMEISTER

GILDEMEISTER holds a leading position worldwide as a producer of cutting
machine tools. The range it offers includes innovative high-tech machines and
services as well as software and energy solutions. The Energy Solutions
business division comprises four areas: Components, SunCarrier, CellCube and
WindCarrier. GILDEMEISTER is a globally operating enterprise; 95 domestic and
international sales and service locations maintain direct contact with our
customers. Some 6,466 employees contribute to the success of our enterprise.

About American Vanadium Corp.

American Vanadium is developing the only vanadium mine in the United States.
The Company’s Gibellini Project, located in Nevada, is being designed to
economically produce high purity vanadium products including vanadium
electrolyte for the energy storage industry. American Vanadium will focus on
producing vanadium electrolyte, powders, crystals and oxide pellets for
premium markets such as grid scale flow battery systems, chemical and
pollution control applications as well as for the aerospace and defense
industries. A positive Feasibility Study and updated National Instrument
43-101 on the Gibellini Project were completed by AMEC E&C Services in 2011.

American Vanadium trades on the TSX Venture Exchange as a tier-one company
under the symbol “AVC”, the OTCQX Market under the symbol “AVCVF” and the
Frankfurt Stock Exchange under the symbol “0UA”.

ON BEHALF OF THE BOARD

Bill Radvak, President and CEO

For further information,       Bill Radvak, President & CEO
please contact:
                                   Phone: (604) 681-8588 X 101
                                   Email: bradvak@americanvanadium.com
                                   
                                   or
                                   
                                   Mike Hyslop, Director, Corporate
                                   Development
                                   Phone: (604) 681-8588 X 102
                                   Email: mhyslop@americanvanadium.com
                                   
                                   Web site: www.americanvanadium.com
                                   

  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 future plans and objectives for the Gibellini Project and the energy
storage business. 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.

Contact:

American Vanadium Corp.
Bill Radvak, 604-681-8588 X 101
President & CEO
bradvak@americanvanadium.com
or
Mike Hyslop, 604-681-8588 X 102
Director, Corporate Development
mhyslop@americanvanadium.com
www.americanvanadium.com