The spring 2011 drill program will target both the Elk Creek Niobium Deposit and Rare Earth Element (REE) mineralization previously identified within the eastern part of the Elk Creek Carbonatite Complex. The Company has expanded upon the previously announced drilling plans, and now anticipates completing at least 5,000 m within several drill holes.

For the Elk Creek Niobium Deposit, the Company will test at least three locations; these holes are planned as "infill" holes to upgrade the resource category for the deposit, and to provide sufficient material for future metallurgical test-work.

The first drill hole is underway, and has targeted the eastern portion of the deposit below historic drill hole EC-11 (which returned values of 267m @ 0.71% Nb₂O₅); between vertical holes EC-27 (49m @ 0.57% Nb₂O₅) and EC-30 (150m @ 0.65% Nb₂O₅). Further details of these historic drill holes are available on the Company's news release dated February 22, 2011. 

Subsequent drill holes will step out from the REE mineralization previously reported for Hole EC-93 (155.5m of 2.70% TREO).

All drill core will be split and sampled according to a rigorous QA/QC protocol, including the insertion of field duplicates, laboratory pulp duplicates, blanks and certified reference standards.

Neil McCallum, P.Geol., of Dahrouge Geological Consulting Ltd., is the qualified person responsible for the technical information in this news release.

Information on additional drill holes will be contained in future news releases.

On Behalf of the Board,

Peter Dickie, President