Ucore Separates Dy and Ho Sub-Groups at 99%+ Purity via SuperLig(R)-One Pilot Plant

HALIFAX, NOVA SCOTIA--(Marketwired - July 5, 2016) - Ucore Rare Metals Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or the "Company") is pleased to update on the continuing performance of the SuperLig^®-One rare earth element ("REE") separation pilot plant (the "Pilot Plant," "Plant" or "SuperLig^®-One").

Pregnant leach solution ("PLS") derived from the Company's Bokan-Dotson Ridge project in Alaska has been treated by the SuperLig^®-One Molecular Recognition Technology ("MRT") Plant, at the IBC Advanced Technologies, Inc. ("IBC") Utah facility, to separate the sub-groups samarium-dysprosium ("Dy Sub-Group") and holmium-lutetium ("Ho Sub-Group") (collectively "Sub-Groups") from the heavy rare earth element ("HREE") class consisting of Sm-Lu ("HREE Class").

The separation of the two Sub-Groups was achieved at 99%+ purity and 99%+ recovery. The HREE Class was previously separated from impurity metals ("Gangue Metals") (see Ucore Press Release ("PR") dated May 9, 2016); scandium ("Sc") (see Ucore PR dated May 24, 2016); and light rare earth elements ("LREE"), consisting of lanthanum-neodymium plus yttrium ("LREE Class") (see Ucore PR dated June 7, 2016).

Ucore anticipates the separation of select individual Critical HREE ("Heavy CREE") in the near term, bringing the SuperLig®-One maiden test program to conclusion.

"SuperLig®-One has again delivered outstanding results through each phase of the initial test run," said Jim McKenzie, President and CEO of Ucore. "The MRT platform has consistently outperformed traditional REE separation methodologies, including solvent extraction, ion exchange, and precipitation ("Legacy Separation Technologies"), based on critical metrics such as efficiency, recovery, and near-quantitative levels of purity. The results bode well for the application of SuperLig®, not just for the separation of REE, but for a host of other increasingly high demand metals."

"The SuperLig® portfolio now includes fully developed and customized separation molecules for almost all of the burgeoning clean energy and technology metals, specifically REE, lithium, cobalt, tungsten and PGM's" continued McKenzie. All told, the comprehensive portfolio represents a broad field of vision and a remarkable potential for rapid growth across multiple metals sectors, via a hub and spoke growth platform. That vision will apply to a potential multi-metal co-venture with IBC, as contemplated by the Company's March 3, 2015 press release. We're excited by the possibilities and encourage our shareholders to review the wealth of information we've amassed on our web site regarding the breadth and depth of MRT's capabilities."