Canada Rare Earth Corp.TSXV: LL

Standard & Poor's Announces Changes in the S&P/TSX Venture Composite Index

· Issued by Canada Rare Earth Corp. via CNW
Dec. 14, 2009 (Canada NewsWire Group) --

TORONTO, Dec. 14 /CNW/ -- Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Monday, December 14, 2009:


- The shares of East Energy Corp. (TSXVN:EEC) will trade under the new
name Rare Earth Metals Inc. The new ticker symbol will be "RA" and
the new CUSIP number 75382G 10 4. There is no consolidation of
capital.

Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.

About Standard & Poor's Index Services

Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents and the S&P GSCI, the industry's most closely-watched commodities index. For more information, please visit www.standardandpoors.com/indices.

About Standard & Poor's

Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for nearly 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit: www.standardandpoors.com.