Statement re: Press Speculation

Rare Earth Minerals Plc.

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

Statement re: Press Speculation

REM notes the speculation in today's press regarding an update on its lithium operations in Mexico.  The Company expects to provide an update on its operations in due course.

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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

Mark Leonard

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

Guy Peters

Jon Belliss

Square1 Consulting

David Bick, Mark Longson                                                                  +44 (0) 207 929 5599