Rare Earth Minerals PLC announced that the Field Work programme has commenced on the El Sauz and Fleur lithium concessions that form part of the Sonora Lithium Project in northern Mexico. The company will earn an initial interest of 10% in the Concessions with an option to earn up to 49.9% interest in the Concessions from Bacanora Minerals Ltd. as announced on 14 February 2013. Listed below are the field work activities planned at the Sonora Lithium Project. First phase of exploration funded by the Company consists of geological mapping and surface rock sampling at the El Sauz concession. Previous sampling by Bacanora located lithium-bearing clay units that averaged 5,537 ppm Li (2.9% LCE) over a true thickness of 4.5 meter sampled interval at one location on El Sauz. Object of the current programme is to fully delineate extent of lithium-bearing sediments and determine lithium contents of exposed clay units. An estimated 230 samples will be collected; the programme is scheduled to be completed by end of March, with analytical results to follow in early April. Results will be used to plan an extensive diamond drilling programme to test down dip potential of lithium surface showings. Drilling is expected to commence in late April or early May in conjunction with geological mapping and rock sampling at the adjacent Fleur concession.

Rare Earth Minerals plc announced that it has signed an agreement with Bacanora Minerals Ltd. to participate in drilling and project evaluation of the extensions of its new 60 million tonne La Ventana high grade Lithium discovery in northern Mexico. The farm-in licences cover the 34 square kilometre El Sauz and Fleur concessions adjacent to and along strike from Bacanora's La Ventana discovery. The La Ventana discovery is stated by Bacanora to contain 930,000 tonnes of Lithium Carbonate Equivalent (LCE) in the 60 Million Tonnes of ore. The El Sauz property consists of a continuous 120+ metre thick volcano-sedimentary section exposed in an area that covers 1,200 X 400 metres in several outcrops. The key terms of the Binding Memorandum of Understanding are: Rare Earth is to acquire an initial 10% interest in the El Sauz and Fleur Concessions from Bacanora by paying Bacanora $250,000 upfront and spending $500,000 on exploration and drilling over a 6month period; After the first 6 month period, REM then has the right, at its election, to increase that interest to 30% by paying Bacanora another $500,000 and spending a further $1,000,000 on drilling and exploration over a further 6 month period and Rare Earth will then have an exclusive right of first refusal to further negotiate terms to increase that interest in the Concession to a maximum of 49.9%, provided the terms comply with the company's stated investment strategy.

Rare Earth Minerals plc announced that it has applied directly with the Bureau of Minerals and Petroleum in Greenland for a strategic 38 sq km mineral exploration licence to explore for Rare Earth Minerals. The licences' north east boundary is approximately 500m from the Kvanefjeld rare earth element, uranium and zinc deposit. The exploration licence application area immediately abuts the exploration licence owned by Greenland Minerals and Energy which hosts the Kvanefjeld rare earth element, uranium and zinc deposit. Kvanefjeld plus two other of GGG's associated deposits in the Ilimaussaq Complex have JORC compliant Inferred and Indicated resources that total 956 Mt at 1.08% Total Rare Earth Oxides, 273 ppm U3O8 and 2,351 ppm Zn at a cut-off grade of 150 ppm U3O8. The project is currently undergoing a Feasibility Study for the Kvanefjeld deposit.