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Rare Earth Salts Announces Industry Veteran Joins as Director of Business Development

BEATRICE, Neb., Feb. 02, 2017 (GLOBE NEWSWIRE) -- Rare Earth Salts (“RES” or the “Company”), a leading mineral and applications technology company, today announced that Alastair Neill, an industry expert with an extensive sales background in the rare earth industry, has joined the Company as Director of Business Development. With RES expecting near-term production of high purity rare earth oxides, Alastair’s responsibilities include building the Company’s sales program and expanding RES’ business both in domestic and international markets.

"Alastair is a proven sales leader who will play a key role in executing our growth strategy. With our Company on the cusp of production, we are investing in our sales and feedstock supply programs to effectively service international market demand,” said Dr. Joseph Brewer, Chief Executive Officer of Rare Earth Salts. “This year we expect to demonstrate consistent production of high purity rare earth oxides at the lowest cost levels in the industry and we will lean on Alastair’s considerable experience to build strong industry partnerships.”

Alastair Neill has served on RES’ Board of Advisors since 2014 and is an international rare earth expert with more than 20 years of experience managing all facets of rare earth operations and sales. He has demonstrated a strong track record of driving revenue growth worldwide in the sector. At AMR Technologies (pre-cursor to Molycorp), Alastair led international sales and two China-based JVs, managing its P&L and overseeing 900 employees, including sales, production and R&D personnel. Ultimately, they grew the business to become the #2 supplier in industry and as a result, Alastair was recognized with the Supplier of Excellence Award from Engelhard Corporation (now BASF). At AMR, he oversaw sales for the Rare Earth Division in Japan, South Korea, North America and Europe achieving 80% market penetration in South Korea and overall global market share of 12%. With Dacha Strategic Metals, he developed and successfully implemented a program to purchase rare earths inside China to develop a strategic inventory outside the country. Most recently Alastair has been president of Trinity Management, an engineering consulting company for 10 years and has advised on a number of rare earth projects globally. Alastair holds a Bachelor of Engineering (Material Science) from University of Western Ontario and an MBA from York University.

About Rare Earth Salts

Rare Earth Salts is a leading industrial and applications technology company with the goal of achieving near term commercial production. The Company has developed a patent pending industrial technology proven to efficiently and economically separate and refine all 16 Rare Earth Elements to high purity. The process is environmentally friendly and projects significantly reduced cost versus standard processing. For more information visit: www.rareearthsalts.com.

Contact: Cameron Davies Chief Operating Officer 402-806-4400 416-420-2861 cameron.davies@rareearthsalts.com Alastair Neill Director, Business Development 402-806-4400 416-670-2868 alastair.neill@rareearthsalts.com

Source: Rare Earth Salts