The Gold Report

Namibia Rare Earths Inc. TICKER: NRE:TSX, NMREF:OTCQX Namibia Rare Earths Inc. is a Canadian public company focused on the accelerated development of its 100%-held Lofdal rare earth project in Namibia. Lofdal is an early-stage, district-scale exploration project with widespread rare earth mineralization. The property has demonstrated a potential for the discovery of multiple rare earth deposits, including deposits that are exceptionally enriched with heavy rare earths. The company has allocated 22,500m of diamond drilling towards the delineation of a mineral resource and is well funded to carry out its strategic development program.

The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:

Michael Niehuser, Beacon Rock Research (4/15/13) "Namibia Rare Earths Inc. received initial metallurgical results from studies on samples from its Area 4 resource at its Lofdal project in Namibia, which successfully produced a yet-to-be-optimized heavy rare earth concentrate. . .we have concluded that these preliminary results from the initial metallurgical study could not have been more positive. . .considering the company has one of the world's most attractive heavy rare earth resources, we expect that the release of initial metallurgical results should be of interest, and considering the inadequate long-term supply of heavy rare earths, of immediate interest to potential qualified joint venture partners."

Henry Lazenby, Mining Weekly (4/3/13) "Namibia Rare Earths Inc. on Wednesday said it has produced a concentrate grading 8.39% total rare-earth oxide, with 96.1% heavy rare-earth enrichment, from a sample of the high-grade mineralization from its Lofdal project in northwestern Namibia."

The Gold Report Interview with John Kaiser (2/15/13) "I look for companies with interesting stories that are down and out. An interesting example is Namibia Rare Earths Inc., which is trading at its cash breakup value. Its $18M treasury was raised during the rare earth boom to fund exploration at its Lofdal project in Namibia. . .Namibia delivered a small, low-grade deposit at Area 4 with a very high 86% enrichment in the heavy rare earths. The property has potential to yield additional similar zones, but the current resource is sufficient as a potential near-term solution to non-Chinese demand for heavy rare earths such as dysprosium, terbium and yttrium.

". . .The junior is conducting metallurgical studies to see if the heavy rare earths can be liberated in a cost-effective manner. This bench scale study is not expensive, will be completed in Q2/13 and will dictate if Area 4 proceeds to the PEA stage. . .either management gets a green light to fast-track Area 4 as a short-term heavy rare earth supply solution, or it gets a red light, which signals it to look for other projects in Namibia where it has established itself. Namibia is operated by the Africa-experienced team of Gerry McConnell and Don Burton, and backed by the mining finance house Endeavour Mining Corp." More >

Michael Niehuser, Beacon Rock Research (2/7/13) "Namibia Rare Earths Inc. released final results from its 2012 exploration drill program at its heavy rare earth Lofdal project. . .the company reported several new discoveries at areas targeted, providing additional confidence in its exploration abilities at both Lofdal and elsewhere in Namibia. Most importantly, the metallurgical study is on schedule to be completed in Q1/13, which may lead to securing a qualified joint venture partner to advance development of a mine at Area 4."

The Metals Report Interview with Alex Knox (1/22/13) "Namibia Rare Earths Inc. just completed a drilling program and all the core samples are with its engineering consultant, Mintek in South Africa. We don't yet know what the results are. But, it has fascinating amounts of HREEs. While a typical HREE deposit is considered heavy if it has 30 or 40% REEs, the results of some of the exploration done by Namibia show that it has 70, 80 or even 90% REEs. So it is not going to have to market those LREEs that are presently going to be in at least equilibrium or oversupply. It will produce nothing but the HREEs that everybody needs. I find that story personally and geologically exciting. I suspect that the REEs could be in a form that could be easily extractable. But, again, we're waiting on the results of its ongoing exploration. I still think that's a fascinating story." More >

Namibia Rare Earths Inc. Content

NRE: Lofdal Project Rich in Heavy Rare Earth Oxides

'Stumbling Upon' HREEs

Corporate Presentation (4/21/13)

Fact Sheet (4/15/13)

Read about Namibia Rare Earths' in Resource World Magazine (11/13/12)

Mining Magazine Article about the Mining Sector in Namibia

• Read a MetalsNews.com Article about NRE's Excellent Rare Earths Discovery
• Read about NRE's Maiden Lofdal Resource Filing in Mining Weekly

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