Ucore Updates on the Separation of Individual Rare Earth Elements

HALIFAX, NOVA SCOTIA--(Marketwired - April 28, 2015) - Ucore Rare Metals Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or "the Company") is pleased to report additional results of its ongoing testing of the use of Molecular Recognition Technology ("MRT") for the separation of rare earth elements ("REE's") from Bokan-Dotson Ridge feedstock. The Company reports that the final REE separation, being the separation of Samarium ("Sm") and Gadolinium ("Gd") from each other, has been achieved with the following results:

Rare Earth Element	Purity1
Samarium (Sm)	99.2%
Gadolinium (Gd)	99.2%

1) Purity reported for solution prior to salt production

These results are in addition to the separations previously reported by the Company in its press release dated March 2, 2015.

"We are very pleased with the continued progress being made by IBC with respect to ongoing improvement in the MRT rare earth separation process," said Jim McKenzie, President & CEO of Ucore. "We look forward to completing pilot scale testing of this promising nano technology."

The testing was conducted on beneficiated material sourced from the Company's Bokan Dotson-Ridge property in Southeast Alaska. The pregnant leach solution ("PLS") was prepared by Hazen Research, Inc. of Denver Colorado, using the metallurgical process outlined in the Company's Preliminary Economic Assessment (see Ucore press release dated January 15, 2013).

Individual carbonate salts of Sm and Gd were produced utilizing a proprietary Molecular Recognition Technology ("MRT") circuit developed by IBC Advanced Technologies, Inc. of American Fork, Utah ("IBC"). Full load, wash and elution cycles were performed using IBC's SuperLig® resin in column mode. Elution was accomplished with a small volume of eluent (acid).

As announced by the Company on March 3, 2015, Ucore and IBC have entered into an agreement for the exclusive rights to IBC's SuperLig® Molecular Recognition Technology for rare earth separation, recycling, as well as tailings processing applications. (See Ucore Press release dated March 3, 2015)