Trend Table for VR8 - Vanadium Resources Limited

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 16	B	Strong	Up	Up	Up	-55.93%
May 15	B	Strong	Up	Up	Up	-61.19%
May 14	B	Strong	Up	Up	Up	-52.73%
May 13	B	Weak or Absent	Down	Up	Up	-44.68%
May 10	D	Weak or Absent	Down	Down	Down	-38.10%
May 9	D	Weak or Absent	Down	Down	Down	-36.59%
May 8	D	Weak or Absent	Down	Down	Down	-36.59%
May 7	D	Weak or Absent	Down	Down	Down	-36.59%
May 6	D	Weak or Absent	Down	Down	Down	-38.10%
May 3	C	Weak or Absent	Down	Up	Down	-39.53%