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April 25, 2019

Canada Rare Earth – In the Business of Rare Earths Trading Revenues and Collections

Vancouver, British Columbia: Canada Rare Earth Corp. (“Canada Rare Earth” or the “Company”) (TSX.V: LL) is developing an international supply chain business based on our commodity-trading platform and on existing, developing and planned processing facilities.

Tracy A. Moore, Chief Executive Officer of Canada Rare Earth highlighted, “we are achieving great strides in our international supply chain business. For example, between January 1 and March 31, 2019 we generated trading revenues of $465,000 with expenses of $420,000 resulting in gross profit of $45,000 (before amortization and royalties). In April, so far, we paid a deposit on a future shipment of $65,000 and we expect to be invoicing approximately $250,000 within the next 30 days. Our most recent achievements exceeded our historical average of $100,000 per month by a considerable margin. Our customer base is solid and expanding and is encouraging us to supply more, faster.”

Recently three of our directors (two of whom are also senior officers of the Company) subscribed for 4,464,000 shares for consideration of $223,200 of outstanding debt.

About Canada Rare Earth Corp.

Canada Rare Earth is generating revenues and gross profits as we develop our integrated supply chain business based on the rare earth industry and with increasing attention directed to valuable by-products. Our business involves sourcing, adding value and selling rare earths and other mineral products in all stages and forms utilizing proprietary, affiliated and third party sources and facilities.

On behalf of the Board
Tracy A. Moore, CEO and Peter Shearing, COO

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. Forward-looking statements in this release are made pursuant to the ‘safe harbour’ provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties.

 
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