Program Completed At The Hillock Creek Rare Earths Project

PHOENIX, AZ - American Rare Earths has completed its 38-hole, drilling program at its Halleck Creek rare earths project in Albany County, Wyoming. There has been 5726 meters drilled, as geological data continues to show enriched rare earth mineralization from surface to depth of drilling at 150m. 3,817 samples have been collected and shipped to ALS laboratories for analysis. There is a significant upside expected with consistent mineralization observed to 150m, a 50% increase beyond the current exploration target - the deposit continues east into neighboring Bluegrass prospect. The drilling confirms the Rare Earth Elements (REE) containing geological structure is significantly larger than previously thought. Geological data shows significant consistent REE mineralization across the observed samples, with the massive deposit remaining open at depth and likely continuing east into the company’s adjoining Bluegrass prospect.

Managing Director and Chief Executive Officer, Chris Gibbs, said, “We have a major deposit here, the size scale and consistency of the resource we are observing is similar to large-scale, long-life copper/gold porphyry mines which are common throughout the United States.

The exploration target of over a billion tonnes is now being authenticated based on this drilling program. The drill results together with the positive metallurgical studies amplify the significant value of Halleck Creek’s potential as a key domestic US rare earth supplier.”