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Namibia Rare Earths Reports Latest Exploration Results

Namibia Rare Earths Inc. (NRE.TO) reports the latest results from three deep exploration holes down-dip of the initial 43-101 resource estimate announced on September 19, 2012 on the Lofdal Rare Earth Project in northwestern Namibia. The initial 43-101 resource was reported to a maximum vertical depth of 150 meters. The deepest exploration hole now has intersected the deposit at a vertical depth of 350 meters returning 10 meters @ 0.44% TREO with 82.4% heavy rare earth enrichment (HREE) which included 2 meters @ 1.34% TREO with 94.1% HREE.

In addition, eight exploration holes were drilled to test a new target situated 1.5 kilometers northeast of the initial 43-101 resource area, NRE said. These holes intersected encouraging rare earth mineralization (0.1-0.3% TREO over 3-24 meters) with moderate levels of heavy rare earth enrichment1 (16-52% HREE), over a strike length of 450 meters

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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