Rare Earth Metals Inc. Exploration Update

About this update from Canada Rare Earth Corp.

[{"type":"text","content":"\nRare Earth Metals Inc. Exploration Update\n\n May 31, 2011 (Filing Services Canada) -- Rare Earth Metals Inc. (RA - TSX Venture), is pleased to announce an update on its 2011 exploration program at the Clay-Howells project located 40 kilometers north-northeast of Kapuskasing, Ontario. A recently completed drill program was designed to test a number of magnetic targets located outside of the Clay-Howells Main Iron/REE/Niobium Deposit. These outside targets consist of both discrete magnetic highs and magnetic lows associated with circular features within the 110 square kilometer Clay-Howells Alkaline-Carbonatite Complex.  Eight drill holes totalling 2154 meters of drilling were completed.Highlights from this set of drill results include:* Drill Hole CH -11-02 on a magnetic high anomaly situated approximately 3 km northeast of the Clay- Howells Main Iron/REE/Niobium Zone intersected 26.9 meters of 0.12% TREO, 51.55% Fe203, 0.07%Nb2O5.* Drill Hole CH -11- 06 on a magnetic high anomaly situated within a smaller ring structure 2 km east of the Clay-Howells Main Iron/REE/Niobium Zone intersected 6.9 meters of 0.57% TREO, 18.33% Fe203, 0.15%Nb2O5.* Drill Hole CH -11- 08 on a magnetic high anomaly situated 350 meters southwest of the Clay-Howells Main Iron/REE/Niobium Zone intersected 15.8 meters of 0.67% TREO, 48.41% Fe203, 0.05% Nb2O5 and a second zone of 23.4 meters of 0.46% TREO, 33.48% Fe203, 0.05% Nb2O5.A tabulation of the results follows:-----------------------------------------------------------------------DDH ID       From      To   Interval   TREO   HREO%   Fe2O3(T)   Nb2O5%                (m)     (m)       (m)      %                 %           -----------------------------------------------------------------------CH-11-02   269.00   295.90     26.9    0.12     6%     51.55      0.07  CH-11-06&#...

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