First Vanadium Resumes Drilling on Its Gold System on Carlin Gold Trend, Nevada

Recent IP and drilling conducted by the Company resulted in the identification of a large-scale Carlin-type gold system on the property under the direction of proven mine-finder and Carlin gold expert Dave Mathewson.

First Vanadium has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80.

These statements relate to future events or the Company’s future performance and include the Company’s ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, and to finance and drill test the interpreted gold target.

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