Ucore Produces 99.99% Dysprosium via SuperLig(R)-One Pilot Plant

HALIFAX, NOVA SCOTIA--(Marketwired - Aug. 15, 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 "Plant" or "SuperLig^®-One Pilot Plant".)

99.99% Dysprosium ("Dy") has been produced from pregnant leach solution ("PLS") derived from the Company's Bokan-Dotson Ridge project in Alaska by the SuperLig^®-One Molecular Recognition Technology ("MRT") Pilot Plant at the IBC Advanced Technologies, Inc. ("IBC") Utah facility.

The pure Dy was recovered from the samarium-dysprosium sub group ("Dy Sub-group") of the heavy rare earth element ("HREE") class consisting of samarium-lutetium (see Ucore Press Release ("PR") dated July 5, 2016.)

"This is a significant metallurgical achievement," said Jim McKenzie, President & CEO of Ucore. "The recovery of near quantitative purities of Dy at industrial scale, solely using American feedstock, and without the use of chemically-intensive SX technologies, are significant firsts for the industry. The isolation of Dy at an advanced pilot scale has also been one of mission-critical objectives of SuperLig^®-One since the early blueprint phase nine short months ago, and we're excited to complete this mission in such a concentrated time frame."

"Dysprosium is ranked among the most critically important metals to America by the USDOE¹," continued McKenzie. "This metal is deployed extensively in United States military, high technology and clean energy sectors, with 100% of the product currently originating from China. Together with commodities such as lithium and cobalt, dysprosium is also a lynchpin in the development of electric vehicles and hybrid EV's. With SuperLig® products designed to recover Li and Co already on the shelf, our Dy ligand rounds out an already compelling platform for the rapidly growing low-emissions automotive sector."

¹ http://energy.gov/sites/prod/files/DOE_CMS2011_FINAL_Full.pdf

With the production of Dy at pilot scale now complete, Ucore will engage with a qualified third party to authenticate the Dy separation process and purity levels set out in this disclosure.

Since announcement of the completion of SuperLig^® certifications; PLS analysis; automation control verification; water testing; process flow testing of the Plant; REE separation, as a group, from impurity metals ("Gangue Metals"); scandium separation from the group of REE; separation of the HREE class from the LREE class; and separation of the Dy Sub-group from the HREE class; the following results have been achieved using the SuperLig®-One Pilot Plant: