Cadence Mineral Regulatory News (KDNC)

28 July 2014

Rare Earth Minerals Plc.

("Rare Earth Minerals", "REM" or "the Company")

REM reports holding in Bacanora Minerals at 11.68%

New Early Warning Report on TSX-V

Rare Earth Minerals (AIM: REM) announces that REM has filed an Early Warning Report ("EWR"), under the Canadian TSX-V rules, to highlight that as a result of Bacanora Minerals Ltd ("Bacanora") Placing and REM's further market purchases the Company now owns 11.69% of Bacanora's issued and outstanding shares. These on market purchase totalled £1,072,898 and were made on the 25 July 2014. The full EWR is shown below and it's reporting is a specific requirement of the TSX-V for REM as a plus 10% substantial shareholder of Bacanora.

A copy of the early warning report pursuant to Canadian NI 62-103 required to be filed with the applicable securities commissions in connection with the acquisition of Shares described in this news release will be available for viewing under the Company's profile at www.sedar.com.

This interest, when aggregated with REM's 30% direct interest in the Fleur- El Sauz Lithium Joint Venture and the 10% direct interest in the 94,000 hectare Megalit Joint Venture, results in a total economic interest in Fleur- El Sauz of approximately 38.18% and a total economic interest in Megalit of approximately 20.51%.

David Lenigas, The Company's Chairman, commented:

"The AIM admission and associated placing by Bacnaora has allowed a wider audience to participate in what I believe is a globally significant Lithium project. As part of our strategy to increase our exposure to the Sonora Lithium Project we have continued to purchase additional shares in Bacanora.

- Ends -

For further information please contact: 

Rare Earth Minerals plc +44 (0) 207 440 0647

David Lenigas

Kiran Morzaria

WH Ireland Limited (NOMAD & Joint Broker) +44 (0) 207 220 1666

James Joyce

Nick Field

Hume Capital plc (Joint Broker) +44 (0) 203 693 1470

Guy Peters

Jon Belliss

Square1 Consulting

David Bick +44 (0) 207 929 5599

Mark Longson

EARLY WARNING REPORT UNDERNATIONAL INSTRUMENT 62-103

Name and Address of Offeror:

Rare EarthMinerals plc (the "Offeror")

Suite 3B Princess House

38 Jermyn Street

London,

SW1Y 6DN

Designation and number or principal amount of securities and the Offeror's security holdings percentage in the class of securities of which the Offeror acquired ownership or control in the transaction or occurrence giving rise to the obligation to file the news release, and whether it was ownership or control that was acquired in those circumstances:

On July 25, 2014, Rare Earth Minerals plc ("REM"), an investment company listed on the Alternative Investment Market of the London Stock Exchange (the "AIM"), completed the acquisition of 1,371,208 common shares (each a "Share") in the capital of Bacanora Minerals Ltd. (the "Company") at a price of $CAD 1.43 per Share on the open market through the facilities of the AIM and the TSX Venture Exchange (the "Dealings").

Prior to the Dealings, REM beneficially owned and exercised full control and direction over an aggregate of 7,772,000 Shares of the Company (the "Initial Shares"), representing an interest of 9.9% of the Company's issued and outstanding shares at the open of trading of BCN's common shares on the AIM on July 25, 2014. On the previous day, prior to the Company's placement of 14,393,940 common shares and the listing of its common shares on the AIM, the Initial Shares represented an interest of 12.19% of the Company's issued and outstanding shares. The Initial Shares were purchased in several instalments over the period beginning on September 13, 2013until July 14, 2014 at purchase prices ranging from $CAD 0.33 per Share to $CAD 1.19 per Share, and at a weighted average price of $CAD 0.58 per Share.

As a result of the Dealings, REM beneficially owns and exercises control over an aggregate of 9,143,208 Shares representing an interest of approximately 11.68% of the Company's issued and outstanding shares. This early warning report is further to the early warning reports of (i) May 22, 2014 announcing REM's beneficial ownership and control over an aggregate of 6,440,500 Shares, representing an interest of approximately 10.18% of the Company's issued and outstanding shares, and (ii) July 14, 2014 announcing REM's beneficial ownership and control over an aggregate of 7,772,000 Shares, representing an interest of approximately 12.19% of the Company's issued and outstanding shares.

Designation and number or principal amount of securities and the Offeror's security holding percentage in the class of securities immediately after the transaction or occurrence giving rise to the obligation to file the new release:

As of the date hereof, the Offeror beneficially owns and exercises full control and direction over a total of 9,143,208 Shares, which collectively represents approximately 11.68% of the Company's issued and outstanding common shares.

Designation and number or principal amount of securities and percentage of outstanding securities of the class of securities referred to in paragraph 3 over which:

The Offeror, either alone or together with any joint actors, has ownership and control:

Please refer to point 3 above.

The Offeror, either alone or together with any joint actors, has ownership but control is held by other person or companies other than the Offeror or any joint actor:

Not applicable.

The Offeror, either alone or together with any joint actors, has exclusive or shares control but does not have ownership:

Not applicable.

Market where that transaction or occurrence took place:

The Offeror purchased all of the Shares in the Dealings and the Initial Shares on the TSX Venture Exchange.

The value, in Canadian dollars, of any consideration offered per security if the Offeror acquired ownership of a security in the transaction or occurrence giving rise to the obligation to file a news release:

Please refer to point 2 above.

Purpose of the Offeror and any joint actors in effecting the transaction or occurrence that gave rise to the news release, including any future intention to acquire ownership of, or control over, additional securities of the reporting issuer:

The Offeror has acquired these securities for investment purposes and not for purposes of exercising control or direction over the Company. As of the date of this report, the Offeror intends to acquire additional securities of the Company. Generally, it is the Offeror's intention to evaluate the investment in the Company and to increase or decrease its shareholdings as circumstances require, depending on market conditions and other factors, through market transactions, private agreements or otherwise.

General nature and the material terms of any agreement, other than lending arrangement, with respect to securities of the reporting issuer entered into by the Offeror, or any joint actor, and the issuer of the securities or any other entity in connection with the transaction or occurrence giving rise to the news release, including agreements with respect to the acquisition, holding, disposition or voting of any of the securities:

Not applicable.

Names of any joint actors in connection with the disclosure required by this report:

Not applicable.

In the case of the transaction or occurrence that did not take place on a stock exchange or other market that represents a published market for the securities, including an issuance from treasury, the nature and value of the consideration paid by the Offeror:

Not applicable.

If applicable, a description of any change in any material fact set out in a previous report by the entity under the early requirements or Part 4 of National Instrument 62-103 in respect of the reporting issuer's securities:

Not applicable.

Description of the exemption from securities legislation being relied on by the Offeror and the facts supporting that reliance:

Not applicable.

DATED the 25th day of July 2014.

Rare Earth Minerals plc

"David Lenigas"

Name: David Lenigas 

Title: Executive Chairman