Shareholder Conference Call

FOR IMMEDIATE RELEASE

12 March 2019

Rainbow Rare Earths Ltd ('Rainbow' or 'the Company') (LSE: RBW)

Shareholder Conference Call

Rainbow, the Rare Earth Element ('REE') mining company, is pleased to announce that it will host a shareholder conference call at 12.00pm UK time on Thursday 14 March 2019 following the release of its interim results for the period ended 31 December 2018. The call will be hosted by Chief Executive Officer Martin Eales who will be available to answer questions submitted by shareholders during and ahead of the call.

To participate in this conference call, please dial 0808 109 0701, (if you are calling from outside of the UK, please dial +44 (0) 20 3003 2701) and enter participant code 3656962# when prompted to do so. Please note that all lines will be muted with the exception of Rainbow's management, however the Company invites shareholders to submit questions to its public relations adviser, St Brides Partners Ltd, ahead of the call via email. Questions should be sent to [email protected]. Additionally, to send questions through the online chat function that will run concurrently with the call, please use the link below and log in as a participant; the password is: Rainbow

https://sbmf.webex.com/sbmf/onstage/g.php?MTID=e638acb0402d4c77e0290b6d15da8c33b

On the right-hand side of the screen you will find an option to submit questions during the call. The Q&A function will only be made live once the call has commenced. The management team will strive to answer as many questions as possible during the call. The Company plans to make a recording of the call available on the Company's website.

If you have any problems accessing the call, please contact St Brides Partners Ltd on [email protected] or call +44 (0) 20 7236 1177.

**ENDS**

For further information, please contact:

Notes to Editors:

Rainbow's focus is the Gakara Project in Burundi, one of the highest-grade (47%-67% Total Rare Earth Oxide) rare earths projects globally and the only African producer.

The Company began production of rare earth concentrates in Q4 2017 and has a ten-year distribution and offtake agreement with multinational thyssenkrupp Materials Trading secured for the sale of at least 5,000tpa of concentrate produced.

The Gakara basket is weighted heavily towards the magnet rare earths, including neodymium and praseodymium, which are driving demand and account for 70% of annual global REE sales due to their use in vital components in motors, generators, wind turbines, and electric vehicles.