The Company's CEO, Brian Carter, commented, "The assay results of the drilling program are in line with the grades we expected for the red mudstones and are very similar to the grades encountered by Orbite Aluminae. While we only assayed for REE in one hole it again met our expectations. These results add further confirmation of the potential of the Cloridorme property in terms of size and grade."

"I would also like to inform our shareholders that we continue to make progress through the regulatory process for approval of our proposed amalgamation with Flemish Gold Corp."