Greenland Minerals 'Zone 3' Rare Earth - Uranium Deposit Shapes Up With Solid Drill Intercepts

Summary below, for full ASX announcement go to: http://www.ggg.gl/docs/ASX-announcements/Zone-3-Drill-Results.pdf

Impressive results of the 2011 drilling at Zone 3 on the northern Ilimaussaq complex highlight the presence of a third significant multi-element deposit after Kvanefjeld and Zone 2. The drill results will form the basis of an initial mineral resource estimate for Zone 3, anticipated in the coming weeks. This will mark another significant step in the projects overall resource base, which already includes a metal inventory of 512 Mlbs U3O8, 9.2 Mt total rare earth oxide (TREO), and 4.36 Blbs zinc.

Significant 2011 Zone 3 Intercepts Include:

• Zone 3 intercepts firm up a third significant multi-element deposit within the project area
• The grade and continuity of multi-element intercepts support the aim of adding more resource tonnes at the upper end of the grade range
• Mineralisation at Zone 3 outcrops extensively, with higher grade portions near surface
• Zone 3 mineralisation hosted by lujavrite, and is consistent with that at Kvanefjeld and Zone 2
  *TREO = rare earth oxides in the lanthanide series, plus yttrium oxide

For full ASX announcement go to: http://www.ggg.gl/docs/ASX-announcements/Zone-3-Drill-Results.pdf

ABOUT GREENLAND MINERALS AND ENERGY LTD.
Greenland Minerals and Energy Ltd (ASX � GGG) is an exploration and development company focused on developing high-quality mineral projects in Greenland. The Company�s flagship project is the Kvanefjeld multi-element deposit (Rare Earth Elements, Uranium, Zinc), that is rapidly emerging as a premier specialty metals project. An interim report on pre-feasibility studies has demonstrated the potential for a large-scale multi-element mining operation. For further information on Greenland Minerals and Energy visit http://www.ggg.gl or contact:

Greenland Minerals and Energy Ltd will continue to advance the Kvanefjeld project in a manner that is in accord with both Greenlandic Government and local community expectations, and looks forward to being part of continued community discussions on the social and economic benefits associated with the development of the Kvanefjeld Project.

The information in this report that relates to exploration targets, exploration results, geological interpretations, appropriateness of cut-off grades, and reasonable expectation of potential viability of quoted rare earth element, uranium, and zinc resources is based on information compiled by Mr Jeremy Whybrow. Mr Whybrow is a director of the Company and a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Whybrow has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2004 edition of the �Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves�. Mr Whybrow consents to the reporting of this information in the form and context in which it appears.

The geological model and geostatistical estimation for the Kvanefjeld and Zone 2 deposits were prepared by Robin Simpson of SRK Consulting. Mr Simpson is a Member of the Australian Institute of Geoscientists (AIG), and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2004 edition of the �Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves�. Mr Simpson consents to the reporting of information relating to the geological model and geostatistical estimation in the form and context in which it appears.