First Vanadium Corp. announce that it has commenced the Induced Polarization (IP) geophysical survey over its identified gold system on the Carlin Vanadium-Gold Property on the Carlin Gold Trend of Nevada. The IP survey should scope out the size and configuration of the overall system and define higher sulfide concentration detailing within it. This is the first ever IP survey conducted over this compelling target. IP identifies areas of higher concentrations of disseminated sulfides which in Carlin-type gold systems are commonly associated with higher grade gold areas. Disseminated sulfides, in amounts typical of Carlin gold systems, have been visually logged in all seven reverse circulation holes testing the gold system. This, along with the assays, once received from all seven drill holes, will provide further guidance to subsequent drilling and evaluation of the large system. The survey will cover 1 square mile, over the area of drilling to date, and has been designed by Dave Mathewson and Jim Wright of Wright Geophysics. Jim Wright is a former Newmont geophysicist who specializes in Carlin-type systems. The survey is designed to penetrate as deep as 2,000 feet, to provide signals within the lower plate Rodeo Creek and Popovich rocks. These are the same rocks hosting the large deposits in the Carlin trend such as Gold Quarry and Gold Strike. The survey is expected to take approximately 3 weeks with final results available shortly thereafter. Jim Wright will receive data from the contractor daily in order to monitor its progress closely and adjust as he recommendations, for local anomaly detailing, to get the most out of the survey.