Canada Rare Earth Corporation

Canada Rare Earth Reports Results of Annual Meeting

March 21, 2017

Vancouver, BC – Canada Rare Earth Corp. (TSX.V: LL) ("Canada Rare Earth" or the "Company") is pleased to announce results of the annual general meeting held earlier today. All matters presented to our shareholders were overwhelmingly approved including the reappointment of Tracy A. Moore, Peter S. Shearing, Gordon J. Fretwell, Christopher Goodman, and William Purcell to the board of directors (the “Board”) and the addition of Mark Peters to the Board. Mark will also chair our audit committee.

Mark Peters is a Chartered Professional Accountant (CPA) with over 17 years experience in finance and taxation, working primarily with Canadian and US publicly trading and reporting corporations.  He is the CFO of Hunter Dickinson Services Inc. (HDSI), a diversified global mining group with over 25 years success in mineral development.  Mr. Peters is also CFO of Heatherdale Resources Ltd., a junior exploration and mining company with a copper-gold-zinc-silver asset in Alaska.  Prior to joining HDSI, Mark worked at PricewaterhouseCoopers LLP in both the audit and tax groups. 

On behalf of the Board

Tracy A. Moore, CEO and Peter Shearing, COO

ABOUT CANADA RARE EARTH CORP.

Canada Rare Earth is developing an international integrated business within the global rare earth industry. Our key focus is to generate revenues and positive cash flow from a variety of profit centres in the rare earth production and sales chain by sourcing, adding value and selling rare earths in all stages and forms. We are in the process of establishing our own mining, concentrating and refinery capabilities in addition to working with affiliated and third party organizations.

"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." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."  Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements.  These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances.  Actual events or results could differ materially from the Company's expectations or projections.”

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

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