Updated NI 43-101 Resource Estimate Expected October 2010
Based on these results, the Company is confident that it has exceeded its exploration target to delineate additional mineral resources in the range of 25 to 30 million tonnes of V2O5, which will increase its previously reported indicated resource estimate of 21.74 million tonnes of V2O5 at a grade of 0.759% and inferred resource estimate of 4.15 million tonnes of V2O5 at a grade of 0.655%. An updated National Instrument 43-101 compliant resource estimate is expected in October 2010.