Ucore Adopts Advance Notice By-Law

HALIFAX, NOVA SCOTIA--(Marketwired - June 26, 2015) - Ucore Rare Metals Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or the "Company") announces that its Board of Directors has adopted a By-Law implementing an advance notice provision in connection with shareholders intending to nominate directors in certain circumstances (the "By-Law").

The purpose of the By-Law is to establish a clear frame-work for the nomination of directors of the company and to ensure that all shareholders receive appropriate notice of director nominations. The By-Law also requires shareholders to disclose information concerning the proposed nominees that is mandated by applicable securities laws. The By-Law is intended to facilitate an orderly and efficient meeting process.

The By-Law establishes a procedure requiring advance notice to the Company in certain circumstances by any shareholder who intends to nominate any person as director of the Company. The By-Law fixes a deadline by which director nominations must be submitted to the Company prior to any annual or special general meeting of the shareholders of the Company and sets forth certain information that must be included in that notice to the Company. Only persons nominated in accordance with the procedures set out in the By-Law will be eligible for election as director of the Company.

In the case of an Annual General Meeting of the Shareholders ("AGM"), notice to the Company must be made not less than 30 days and not more than 65 days prior to the date of the AGM. In the event that the AGM is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the AGM is made, notice may be made not later than the close of business on the 10^th day following the date of the announcement.

In the case of a Special Meeting of the Shareholders (the "Special Meeting") called for any purpose which includes the election of directors, notice to the Company must be made not later than the close of business on the 15^th day following the day on which the first public announcement of the date of the Special Meeting is made by the Company.

The Advance Notice By-Law is in effect as of the date of this news release. The Company will seek shareholder ratification of the Policy at its next Annual and Special Meeting (the "Meeting"). If the By-Law is confirmed at the Meeting, it will continue in effect in the form in which it was so confirmed. If the By-Law is not confirmed at the Meeting, the By-Law will terminate and be of no further force and effect immediately following the termination of the Meeting.