Trend Table for VR8 - Vanadium Resources Limited

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 4	D	Weak or Absent	Down	Down	Up	-35.00%
Mar 1	D	Weak or Absent	Down	Down	Up	-35.00%
Feb 29	D	Weak or Absent	Down	Down	Up	-31.58%
Feb 28	D	Strong	Down	Down	Up	-31.58%
Feb 27	D	Strong	Down	Down	Up	-29.73%
Feb 26	D	Strong	Down	Down	Up	-35.00%
Feb 23	D	Strong	Down	Down	Flat	-27.78%
Feb 22	D	Strong	Down	Down	Up	-31.58%
Feb 20	D	Strong	Down	Down	Up	-35.00%
Feb 19	D	Strong	Down	Down	Up	-29.73%