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Australian Vanadium Limited (the Company) advises that Managing Director Vincent Algar has sold 3.6 million shares in the Company.

The sale, which was completed at an average price of $0.0162 a share, was undertaken to satisfy family taxation commitments.

Mr Algar retains an interest in 7,666,436 fully paid ordinary shares and 21,000,000 performance rights in the Company.

• [Editor:tianyawei]