Canada Rare Earth Corporation

Canada Rare Earth Appoints Dr. “Jock” Harmer to Its Advisory Board

Issues Shares for Debt

Vancouver, BC, October 30, 2023 - Canada Rare Earth Corp. ("Canada Rare Earth" or "the "Company") (TSX.V: LL) is pleased to announce the appointment of Dr Robin Harmer, MSc, PhD to the Canada Rare Earth Advisory Board.

Dr. Robin Harmer, more commonly known as "Jock," holds an MSc in geology from the University of Natal and a Ph.D. in geochemistry from the University of Cape Town, both in South Africa. He is a Fellow of the SEG and Life Fellow of the GSSA; Professor Emeritus in the Geology Department, at Rhodes University; and a registered professional scientist with SACNASP. He is the 2021 recipient of the GSSA's Des Pretorius Medal, awarded for work in economic geology. 

Jock has been continuously involved in the Rare Earth market and sector since late 2008. He has worked in virtually all aspects of the industry, including exploration, Rare Earth mineralogy extraction strategies, advising on REE market conditions, and reviewing technologies to reduce the environmental impact, especially of extraction processes and technologies. 

In 2009, Jock co-founded and was CEO of Rare Earth International, which was acquired by  Southern Crown Resources (ASX), where as Managing Director he was responsible for the rights acquisition, exploration and evaluation of the Nkombwa Hill and Xiluvo RE projects. Later, he held the position of the Technical Director of Galileo Resources, managed their option on the Glenover Rare Earth project and carried on as an ad hoc advisor on the deposit until its successful sale in 2021. In addition, Jock worked on two Rare Earth deposits in Greenland for Nuna Minerals and the Wigu Hill deposit in Tanzania for Montero Minerals. 

Peter Shearing, CEO of Canada Rare Earth, stated, "The company is extremely pleased with Jock joining the Canada Rare Earth team. He has exceptional experience and knowledge in the Rare Earth sector, directly related to our strategic plans and objectives. I look forward to collaborating with Jock and am confident that our projects and initiatives will benefit greatly from his advice and input."

The Company also announces that, subject to approval from the TSX Venture Exchange, it will be settling $50,400 of debt under by issuing 1,680,000 shares at a deemed price of $.03 per share.

About Canada Rare Earth Corp.

Canada Rare Earth Corp. is developing an international integrated business focusing on essential and critical minerals, including rare earths. Our strategy is to generate revenues and positive cash flow as we acquire and develop our own properties and establish value-add processing capabilities.

Neither the 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.

For more information on the Company, interested parties should review the Company's filings that are available at www.sedarplus.ca.   

FOR FURTHER INFORMATION, PLEASE CONTACT: