Alaska Legislation Sets Out $145 Million Bond Funding for Ucore's Bokan-Dotson Ridge - Seite 2

Several Representatives spoke out in favor of SJR8, including Representatives Costello, Kreiss-Tomkins, Johnson, and Millett. A video record of the discussion is available at the following link: http://ucore.com/resolution8 In discussing the prospective positive environmental aspects of the Bokan Project and China's domination of rare earth mining and downstream processing industries, Representative Craig Johnson noted, "I see a future for Alaska where we can become a state that processes these minerals….and this could be the future of Alaska." Representative Millett noted Alaska's potential to play a crucial role in the US Department of Defense's recent announcement to stockpile strategic rare earths such as dysprosium. She asked representatives to vote in favor of the Joint Resolution and to "…send a message to Congress that we are ready, willing, and able to serve their needs for rare earth elements". The Joint Resolution, introduced in the Alaska Senate by Senator Lesil McGuire with 15 co-sponsors, passed both the Senate (with all 20 Senators voting in favor) and the Legislature unanimously.

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About Ucore Rare Metals Inc.

Ucore Rare Metals Inc. is a development-phase mining company focused on establishing rare metal resources with near term production potential. With multiple projects across North America, Ucore's primary focus is the 100% owned Bokan - Dotson Ridge REE property in Alaska. The Bokan - Dotson Ridge REE project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia and has direct ocean access to the western seaboard and the Pacific Rim, a significant advantage in developing near term production facilities and limiting the capital costs associated with mine construction.

This press 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 exploration activities, legislative undertakings, 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 forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

Ucore Rare Metals Inc.
Mr. Jim McKenzie
President and Chief Executive Officer
[phone]
www.ucore.com