Vancouver, BC / ACCESSWIRE / November 28, 2014 / AMERICAN VANADIUM CORP. ("American Vanadium" or the "Company") (AVC.V) (AVCVF). Further to its press release of October 14, 2014, the Company announces that it has reduced the price of its previously announced non-brokered private placement ("Private Placement") from $0.40 per unit to $0.30 per unit. Each unit consists one common share and one half of a share purchase warrant (each whole warrant, a "Warrant"). The exercise price of each Warrant has also been reduced from $0.60 each to $0.50 each and the term amended from 18 months to two years from closing.

The Company reports that the TSX Venture Exchange has approved the extension of the closing of the Private Placement. It is anticipated that the Private Placement will close on or before December 18, 2014. Closing of the Private Placement is subject to the receipt of all applicable regulatory approvals.

The Company also reports that Murdock Capital Partners Corp., a consultant and corporate advisor, has met certain milestones pursuant to a consulting agreement dated May 1, 2014 and the Company has issued 60,000 common shares.

About American Vanadium Corp.

American Vanadium is an integrated energy storage company and the Master Sales Agent in North America for GILDEMEISTER energy solution's CellCube energy storage system. The CellCube is the world's only commercially available vanadium flow battery, providing long duration solutions over a 20+ year life for a broad range of applications including renewable energy integration and demand charge reduction. CellCube is a powerful, durable and reliable energy storage system that ensures a clean, emission-free energy supply at all times. American Vanadium is developing the Gibellini Vanadium Project in Nevada to be the only dedicated vanadium mine in the United States, providing a critical source of vanadium electrolyte for CellCube energy storage systems.

ON BEHALF OF THE BOARD

Bill Radvak, President and CEO

For further information, please contact: Mike Hyslop, Director, Business Development
(604) 681-8588 X 102
mhyslop@americanvanadium.com

www.americanvanadium.com

NEITHER THE 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 HEREIN.

SOURCE: AMERICAN VANADIUM CORP.