RARE EARTH METALS INC. ANNOUNCES DELAY IN EXPLORATION PROGRAM
Thunder Bay, ON, February 17, 2010 – Rare Earth Metals Inc (“Rare Earth Metals” or the “Company”) (TSX Venture Exchange: RA) advises that the exploration program on the Company’s Clay-Howells project will be delayed pending discussions with an independent First Nations group. The Company has agreed to delay drilling activities pending discussions with various Government agencies and the native group in question. The Company has complied with all government regulations and owns 100% of the surface and mining rights to the patented land on which the drill program is being conducted. In the interim two diamond drill rigs remain on the property and on-site crews continue to conduct core logging and core sampling on the drill core recovered to date.
ON BEHALF OF THE BOARD OF DIRECTORS OF RARE EARTH METALS INC:
Michael Stares, President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Rare Earth Metals Inc
Michael Stares
President and CEO
(807) 623-6840
(807) 623-9526 (FAX)
www.RareEarthMetals.ca
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
This release includes certain statements that may be deemed forward-looking statements. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's filings that are available at www.sedar.com.
