Cadence Mineral Regulatory News (KDNC)

22 May 2015

Rare Earth Minerals Plc.

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

Sonora Lithium Project Drilling Results

Rare Earth Minerals Plc (LSE AIM: REM)) is pleased to announce the assay results of the 23 hole drilling campaign completed on the Sonora Lithium Project, Sonora Mexico ("the Project"), previously announced on 23 March 2015.

The campaign was primarily carried out on La Ventana and consisted of infill drilling. The geological intersections were utilised in the Mineral Resource Estimate published on the 14 May 2015.

In addition, we report the hole that was drilled to identify possible resource expansion targets to the west of the current delineated ore bodies at La Ventana and El Sauz / Fleur, which successfully intersected two clay beds at shallow depth and returned strong assay results of up to 2.3% LCE.

Highlights:

· A total of 2,946 metres were drilled in the 22 in-fill holes from La Ventana.

· Intercepts of the Upper Clay range from 26.10 to 50.83 metres in length and those for the Lower Clay range from 12.98 to 23.57 metres at La Ventana.

· Analyses received for 18 of the 22 holes indicate that the lithium content of both the Upper and Lower clays increase to the south at La Ventana as well as maintaining grade and thickness:

o Weighted averages (Table 1 below) for lithium content in the Upper Clay Unit varies from 955 ppm Li (0.5% LCE ) over 41.6 metres (hole LV-19) to 3,215 ppm Li (1.7% LCE) over 17.48 metres (hole LV-27);

o For the Lower Clay Unit lithium content varies from 1,143 ppm Li (0.6% LCE) over 19.20 metres (hole LV-18) to 5,830 ppm Li (3.1% LCE) over 20.42 metres (LV-27).

o Individual 1.5 metre long samples of clay range up to 10,000 ppm Li (5.32% LCE).

· The hole drilled on the Fleur concession intersected 7.16 metres of the Upper Clay unit, which averaged 3,107 ppm Li (1.7% LCE) and 25.30 metres of the Lower Clay, which averaged 4,242 ppm Li (2.3% LCE).

A map with the drill holes highlighted is available on the Company's website (www.rareearthmineralsplc.com)

David Lenigas, the Company's Chairman commented:

"We are delighted with the assay results from the La Ventana infill drilling programme, these numbers correlate well with our current geological model, in particular the higher grades in southern portion of Ventana and northern portion of Fleur."

"Additionally, the assay results in the exploratory hole at Fleur were very encouraging, given both the strong assay results and the intersection of the mineralised zone from only 17 metres below the surface, we believe this to be viable target for further exploration work, with the potential to deliver further mineral resources at low strip ratios."

Details of REM's ownership:

REM owns a direct interest of 15.4% in Bacanora (AIM:BCN), and through that holds an indirect interest in the La Ventana asset of 15.4%. In addition the 15.4% in Bacanora, when aggregated with REM's 30% direct interest in Megalit S.A de CV (the company holding the Buenavista, Megalit and San Gabriel concessions) and the 30% direct interest in Mexalit S.A de CV (the company holding El Sauz, El Sauz 1, El Sauz 2, Fleur and Fleur 1 concessions), results in a total economic interest in each of these companies of Megalit S.A. de CV and Mexalit S.A. de CV of 40.78%.

Table 1. Summary of Lithium-bearing intercepts - La Ventana

Table 2. Summary of Lithium-bearing intercepts - Fleur

The lithological intersections from these drill results were used in the MRE prepared by SRK Consulting (UK) Limited (as announced by the Company via its news release dated May 13, 2015), however as the assay results were not available at the time and therefore were excluded from the MRE calculations.

Qualified Person:

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

Ends

For further information please contact: 

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

David Lenigas

Kiran Morzaria

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

James Joyce

Mark Leonard

Square1 Consulting

David Bick +44 (0) 207 929 5599

Mark Longson

Glossary:

LCE: is the industry standard terminology for, and is equivalent to, Li2CO3. 1 ppm Li metal is equivalent to 5.32 ppm LCE / Li2CO3. Use of LCE is to provide data comparable with industry reports and assumes complete conversion of lithium in clays with no recovery or process losses.

ppm: parts per million