LL Canada Rare Earth Corp

Canada Rare Earth Corp. ("Canada Rare Earth" or the "Company") (TSX VENTURE:LL)
is pleased to announce a change in name from Rare Earth Metals Inc. to Canada
Rare Earth Corp. effective immediately.


ABOUT CANADA RARE EARTH CORP.

Canada Rare Earth Corp. is developing a vertically integrated business within
the global rare earth industry in conjunction with CEC Rare Earth Corporation.
("REC"). The relationship with REC provides the Company with access to REC's
experienced personnel as well as its business model which includes a full
spectrum of the rare earth industry including the designing, building and
establishment of operations for rare earth refineries outside of China as well
as the ongoing sales and marketing of refined rare earths. In addition to its
relationship to REC, the Company presently has several rare earth properties
exhibiting multi element potential (rare earths, Niobium, Beryllium, Zirconium
and Iron Ore). Additional information concerning the Company is contained in
documents filed by the Company with securities regulators, available under the
Company's profile at www.sedar.com. For more information, please visit the
Canada Rare Earth Corp. web site at www.canadarareearth.com.


ON BEHALF OF THE BOARD OF DIRECTORS OF CANADA RARE EARTH CORP.: 

Tracy A. Moore, CEO & President

For more information on the Company, Investors should review the Company's
filings that are available at www.sedar.com. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canada Rare Earth Corp.
Tracy A. Moore
CEO & President
(604) 638-8886
tmoore@canadarareearth.com


Canada Rare Earth Corp.
Michael Stares
Director
(807) 623-6840
mstares@canadarareearth.com
www.canadarareearth.com

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