Mr. John Lee reports

CLEANTECH ANNOUNCES $1.56 MILLION NON-BROKERED PRIVATE PLACEMENT

Cleantech Vanadium Mining Corp. has arranged a non-brokered private placement to raise gross proceeds of up to $1.56-million through the sale of up to 12 million units at a price of 13 cents per unit. Each unit consists of one common share of the company and one transferable common share purchase warrant entitling the holder to purchase one additional share at a price of 18 cents per share for a period of three years from the date of issuance.

Insiders of the company will be subscribing for up to three million units for gross proceeds of up to $390,000. The issuance of units to the insiders will be considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions.

As part of this insider participation, Oracle Commodity Holding Corp., an insider and control person of the company, has agreed to subscribe for one million units for gross proceeds of $130,000 under the offering. Prior to the closing of the offering, Oracle held 42,799,502 common shares of the company, representing approximately 28.28 per cent of the issued and outstanding common shares. Upon closing of the offering, Oracle will hold 43,799,502 common shares and a total of 2,737,857 common share purchase warrants (inclusive of 1,737,857 warrants held prior to the offering), representing approximately 26.82 per cent of the issued and outstanding common shares of the company on an undiluted basis, and approximately 28.02 per cent on a partially diluted basis, assuming the exercise of all warrants held by Oracle.

The company anticipates relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the units to be acquired by the participating insiders nor the consideration to be paid by such insiders is anticipated to exceed 25 per cent of the company's market capitalization. The company will file a material change report in respect of the related party transaction.

The company may elect to pay finders' fees to certain eligible finders in accordance with the policies of the TSX Venture Exchange.

The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The securities issued under the offering, including any finders' units, will be subject to a regulatory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws.

The company intends to use the net proceeds of the offering for general corporate purposes.

About Cleantech Vanadium Mining Corp.

Cleantech is a mining company focused on discovering, producing and supplying critical mineral resources from within and to the United States. The company has an option to acquire more than 17,550 acres of mineral rights with historic fluorspar resources across multiple projects in the Illinois-Kentucky fluorspar district. Cleantech also owns a 100-per-cent interest in the Gibellini vanadium mine project in Nevada.

We seek Safe Harbor.