REE E Tech Resources Inc

Ucore Rare Metals Inc. (TSX VENTURE:UCU)(OTCQX:UURAF), ("Ucore" or the
"Company") is pleased to announce that, subject to final approval of the TSX
Venture Exchange, it has closed a non-brokered private placement consisting of
1,200,000 common shares of the Company to be issued on a flow through basis
pursuant to the Income Tax Act (Canada) (the "Tax Act") at a price of $0.21 per
share for gross proceeds of $252,000.


The gross proceeds from the issuance of the flow through shares, as defined in
the Tax Act, will be used on qualifying flow through mining expenditures related
to the Company's Canadian exploration projects, primarily, the Sandybeach Lake
project in Nunavut. The Company intends to renounce Canadian Exploration
Expenses (as defined in the Tax Act) with an effective date of no later than
December 31, 2013. The shares will be subject to a four-month hold period which
will expire on May 1, 2014.


About Ucore Rare Metals Inc.

Ucore Rare Metals Inc. is an early stage mine development company focused on
rare earth elements ("REE"), strategic and technology metals. With multiple
projects across North America, Ucore's primary focus is the Bokan - Dotson Ridge
REE property in Alaska. The Bokan - Dotson Ridge REE project is located 60 km
southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British
Columbia and has direct ocean access to the western seaboard and the Pacific
Rim, a significant advantage in expediting mine production and limiting the
capital costs associated with mine construction. The Bokan properties are
located in an area reserved for sustainable resource development.


Jim McKenzie, President and CEO 

This press release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical fact, that address future exploration drilling,
exploration activities, the intended use of proceeds of this financing, the
intention to renounce Canadian Exploration Expenses and events or developments
that the Company expects, are forward looking statements. Although the Company
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those
in forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include exploitation and
exploration successes, continued availability of financing, and general
economic, market or business conditions.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ucore Rare Metals Inc.
Mr. Jim McKenzie
President and Chief Executive Officer
(902) 482-5214

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