REM increases strategic holding in Bacanora

1 August 2014

Rare Earth Minerals Plc.

("Rare Earth Minerals", "REM" or "the Company")

REM increases strategic holding in Bacanora Minerals to 11.94%

Rare Earth Minerals (AIM: REM) announces that it has now increased its shareholding in its joint venture partner in the Sonora Lithium Project in Mexico, Bacanora Minerals Limited ("Bacanora"), to 11.94% from the previously reported 11.68% through further on-market purchases totalling £155,375 from 29 July to 31 July 2014.

This interest, when aggregated with REM's 30% direct interest in the Fleur- El Sauz Lithium Joint Venture and the 10% direct interest in the Megalit Joint Venture, results in a total economic interest in Fleur- El Sauz of approximately 38.36% and a total economic interest in Megalit of approximately 20.74%.

- Ends -

For further information please contact: 

Rare Earth Minerals plc +44 (0) 207 440 0647

David Lenigas

Kiran Morzaria

WH Ireland Limited (NOMAD & Joint Broker) +44 (0) 207 220 1666

James Joyce

Nick Field

Hume Capital plc (Joint Broker) +44 (0) 203 693 1470

Guy Peters

Jon Belliss

Square1 Consulting

David Bick +44 (0) 207 929 5599

Mark Longson