Namibia Rare Earths Inc. received a preliminary metallurgical report from Mintek confirming that a xenotime concentrate can be produced from the fine grained mineralization at the Lofdal Rare Earth Project in northwestern Namibia, and that thorium can be removed from concentrates on site. A concentrate grade of 8.39% TREO with 96.1% heavy rare earth enrichment was produced from a representative sample of the high grade mineralization with a head grade of 1.37% TREO and achieved an overall recovery of 64.7%. Concentrates were also produced from sorted product and from fines. The report provides a number of recommendations to optimize grades and recoveries. Sample preparation of metallurgical samples is provided by Mintek (South Africa) and final analytical work is provided by Activation Laboratories Ltd. (Ancaster, Ontario) employing ICP-MS techniques suitable for rare earth element analyses and following strict internal QAQC procedures inserting standards and duplicates. The Mintek preliminary testwork has focused on beneficiation of xenotime concentrates from the high grade HQ core sample. The primary objectives were to determine the most efficient process flow sheet for beneficiation of the fine grained mineralization from Lofdal with acceptable recoveries, and to confirm the removal of thorium using conventional technologies. Modal analyses have determined that xenotime represents approximately 92% of the rare earth-bearing minerals and grinding testwork has determined that approximately 80% of the xenotime occurs as grains finer than 38 microns (um). The optimum grind was therefore determined to be -38 um(P(80) 38 um). The report also provides results from run-of-mine sorting testwork by Tomra Sorting Solutions GmbH of Germany (formerly Commodas Ultrasort) on representative high grade and low grade samples which have the potential to reduce volumes and increase head grade. Sorting testwork using x-ray transmission sensors was performed on 347 kg of HQ drill core from the two samples which upgraded the high grade material from 1.50% TREO to 2.86% TREO with a 57% mass reduction and upgraded the low grade material from 0.27% TREO to 0.50% TREO with a 75% mass reduction. Tomra have reviewed the sorting testwork following receipt of all analytical results and believe that an overall recovery of 90% is achievable with a 50% mass pull. Optimization on the high grade sorting will focus on reducing the grade of the sorted waste and, for the low grade material, focus will be on reducing the volume of material reporting to the sorted waste. There is potential for the application of other sorting sensor technologies on the Lofdal ores including radiometric and XRF sorters to further optimize results.

Namibia Rare Earths Inc. filed its Annual on Feb 25, 2013 for the period ending Nov 30, 2012. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Namibia Rare Earths Inc. announced that two new mineralized zones have been intersected by exploration drilling in Area 6, and one new zone in Area 5 at the company's Lofdal Rare Earth Project in northwestern Namibia. This brings the total number of discoveries at Lofdal to 17 over a two year period, one of which has been drilled into a 43-101 compliant resource at Area 4. Rare earth mineralization occurs in these new zones over very broad widths grading 0.2-0.7% TREO with moderate levels of heavy rare earth enrichment (10-25%). Highlights include: 0.70% TREO over 31.0 meters with 9.5% HREE enrichment from Area 6. Intercept widths are reported as down the hole widths and are not necessarily true widths. Interpreted dips of the mineralized zones vary from 45 to 80 degrees. As the Company awaits completion of the Mintek metallurgical test work on the Area 4 core samples, one geological team has been deployed to the Marinkas permit in southern Namibia to complete reconnaissance mapping and sampling of the Marinkas Quellen Carbonatite Complex. A second team will carry out orientation and prospecting of the Florida permit which is contiguous with Lofdal, with the objective of determining if certain airborne geophysical anomalies from government surveys are related to extensions of the Lofdal Carbonatite Complex.