METALLURG VANADIUM CORPORATION ANNOUNCES NAME CHANGE TO AMG VANADIUM, INC.

Effective January 1, 2011, Metallurg Vanadium Corporation changed its corporate name to AMG Vanadium, Inc. This change is being made to better brand the company with its parent, AMG Advanced Metallurgical Group N.V. (AMG), and will have no direct effect on the local Cambridge operations.

                                                                    About AMG Vanadium, Inc.

AMG Vanadium, Inc. is a wholly-owned subsidiary of AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”), a global leader in the production of highly engineered specialty metal products and advanced vacuum furnace systems. Located in Cambridge, Ohio, AMG Vanadium, Inc. specializes in the environmentally beneficial conversion of oil refinery and power plant waste products into specialty metals used by global steel producers in automotive, energy transmission and infrastructure applications. By using materials which would otherwise be discarded as waste, AMG Vanadium encourages environmental stewardship, energy conservation and resource recovery, making it the environmental leader in this global industry. AMG Vanadium is the North American ferrovanadium market share leader and has two primary product lines: FEROVAN®, its ferrovanadium alloy used in the production of steel to improve its strength, and FeNiMoly® which is a valuable additive utilized in the production of stainless and carbon steels.