Shotgun Ridge expansion becomes focus of TNR Gold Exploration

TNR Gold Corp (TSE-TNR)

Vancouver B.C.: TNR Gold Corp. (the "Company" or "TNR") expanded their land position at the wholly owned Shotgun Gold project in Alaska. A total of 66 mining claims, each 160 acres, were located over and surrounding the Shotgun Ridge prospect for a total of 10,560 acres (4273.48 hectares). Sixteen of these claims were converted from Traditional Claims to MTRSC Mining Claims (meridian, township, range, section and claim) making the area of new acquisitions equal to 8000 acres (3237.48 hectares).

TNR acquired 100% of the Shotgun Ridge prospect in 2010 following a 50/50 joint venture with Novagold Resources Inc. ("Novagold"). The Traditional Claims were located over the Shotgun Ridge deposit and the Company elected to convert these to MTRSC Mining Claims to simplify administration of the land titles in accordance with Senate Bill 175.

Ground geophysical surveys conducted in 2011 and 2012 by TNR helped to identify structural controls on mineralization at Shotgun Ridge. Drill testing in 2012 confirmed the structural model of mineralization with two drill holes returning mineralized intervals in excess of 200 metres, SR12-56 returned 242 metres averaging 1.25 g/t gold and SR12-57 returned 209 metres averaging 1.02 g/t gold (news release dated 10 October 2012).

  Extrapolating the known mineralized structures into the area surrounding Shotgun Ridge, the Company identified additional areas where similar mineralization may be present and as a result acquired the mineral rights to these adjacent targets. A portion of future exploration work will be conducted in these new areas  beginning by revisiting previously identified gold showings in respect of the new structural models.

The Company is targeting a large tonnage low-grade porphyry system at Shotgun Ridge. Structural repeats, as interpreted from airborne magnetic data and ground geophysical surveys, provide TNR with encouraging targets for future drill testing.

John Harrop, PGeo, FGS, a Qualified Person for TNR Gold Corp. as defined by NI 43-101 has reviewed the technical information contained in this report.

About TNR Gold Corp.

Over the past twenty-one years TNR, through its lead generator business model, has been successful in generating high quality exploration projects around the globe. With the Company's expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its project portfolio.

TNR's subsidiary, International Lithium Corp. (TSX:ILC.V), demonstrated the successful application of TNR's business model in which TNR shareholders benefited from a unit distribution upon spin-out of TNR's lithium and rare metals projects. Gangeng Lithium Co. Ltd. Is a leading China based, multi-product lithium manufacturer, and strategic partner and investor in ILC. TNR remains a large shareholder in ILC at 25.5% of outstanding shares.

At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina; and teamed with the recent acquisitions of rare-earth elements and iron ore projects in Canada confirm TNR's commitment to continued generation of in-demand projects, while diversifying its markets and building shareholder value.

For further details on the Shotgun Ridge Project please view the PowerPoint presentation at http://www.tnrgoldcorp.com/i/pdf/TNR_Shotgun.pdf


On behalf of the board,

Gary Schellenberg
President


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. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

Ucore Rare Earths welcomes Alaska State Initiative to Support Bokan Metallurgical Research

HALIFAX, NOVA SCOTIA--(Marketwire - Sept. 25, 2012) - Ucore Rare Metals Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or "the Company") is pleased to report that the Mineral Industry Research Laboratory of the University of Alaska Fairbanks ("UAF" or "the University") has been awarded $297,000 by the Alaska Department of Commerce, Community and Economic Development.
UAF will be conducting research with respect to the processing and extracting of rare earth element-bearing minerals from ore material sourced from Ucore's Bokan Mountain deposit. The University will also conduct research on the procedure for the handling of waste rock. These specific process refinements will further enhance metallurgical testing carried out by Ucore. The announcement of this funding highlights the active role of the State of Alaska in the development of its enormous rare earth mineral potential.

"We're extremely pleased to have the University of Alaska Fairbanks team involved with the Bokan Mountain project," said Jim McKenzie, President and CEO of Ucore. "We welcome the opportunity to work with a very skilled and mining-experienced research staff at UAF, accessing the advanced human and technical resources available at that facility.

"UAF is the home of the College of Engineering and Mines," continued McKenzie. "That institution has provided immeasurable support to mine design projects throughout the state, expediting and improving both ore extraction and processing methodologies. UAF research involvement should also be indispensable as we advance into pilot scale testing in 2013. We'd additionally like to take this opportunity to thank Governor Parnell's office for its involvement in this initiative and for the ongoing support of the Bokan Mountain Heavy Rare Earth Project by the State of Alaska."

About Ucore Rare Metals Inc.

Ucore Rare Metals Inc. is a well-funded development-phase mining company focused on establishing rare metal resources with near term production potential. With multiple projects across North America, Ucore's primary focus is the 100% owned Bokan - Dotson Ridge REE property in Alaska. The Bokan - Dotson ridge REE project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia and has direct ocean access to the western seaboard and the Pacific Rim, a significant advantage in developing near term production facilities and limiting the capital costs associated with mine construction.

The Bokan property is particularly enriched with heavy rare earth elements, including the critical elements Dysprosium, Terbium and Yttrium. Approximately 40% (by weight) of the rare earth elements contained on the Dotson Ridge property are heavy rare earths elements, as disclosed in the Company's NI 43-101 compliant resource estimate, released in March of 2011.

Jim McKenzie, President and CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Jim McKenzie
Ucore Rare Metals Inc.
President and Chief Executive Officer
(902) 482-5214
www.ucore.com

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TNR Gold confirms Mineralization at Shotgun Ridge Drilling in Alaska

TNR Gold Completes Drill Program, Confirms Mineralization Model And Expands Target Area At The Shotgun Gold Project In Alaska (prnews)

VANCOUVER, British Columbia, Sept. 6, 2012 /PRNewswire/ -- TNR Gold Corp. (the "Company") (TSXV: TNR) is pleased to announce the successful completion of the 2012 exploration drilling and geophysical program on its 100% owned Shotgun Gold Project in Alaska. The 30-day exploration program included 814 metres of drilling in three holes. The geological features observed in the drill core confirm down-dip and along strike extensions of feeder zones discovered in earlier drilling campaigns.

Geophysical surveys that helped to identify the feeder zones were expanded along the ridge and elsewhere within the property during the 2012 work program to guide future drilling.

Drill Program Highlights
Three drill holes totalling 814 metres were completed on the Shotgun Ridge prospect. The drilling was designed to extend the mineralized feeder zones identified in drill hole 06-43 down-dip and along strike. Diamond drill hole 06-43 intersected 210 metres grading 1.3 g/t Au (grams per tonne gold). Higher-grade intervals, within this zone defined the position of structurally controlled feeder zones. The geology, sulphide mineralization and structural features encountered in the 2012 drilling are similar to that found in 06-43. Geochemical assay results are pending.

The feeder zone associated with the higher-grade assays in hole 06-43 was intersected in all three drill holes providing the Company with greater confidence in extending this zone along strike and to depth with further drilling.

"It is encouraging that we see continuity of the intrusive breccia in all three 2012 drill holes. DDH 12-57 was drilled approximately 50 metres NW of 06-43 and both 12-58 and 12-59 were collared approximately 30 metres behind 06-43, intersecting the targeted zone as much as 100 metres down-dip. These results confirm that the structural feature believed to host some of the better mineralization at Shotgun Ridge is continuous over some distance and correlates well with the ongoing interpretations of the geophysics thus is clearly open at depth." comments John Harrop, VP Exploration.

Geophysical anomalies that were interpreted as structural corridors hosting mineralization in the 2011 three-dimensional IP/resistivity survey data were found to be coincident with the interpreted mineralized feeder zones. Additional three-dimensional IP/resistivity surveys were carried out in the 2012 program to expand and further define the correlation between geophysical response and mineralization.

Geophysical Survey Highlights
Following the successful application of three-dimensional IP/resistivity surveys in 2011, SJ Geophysics Ltd. collected three additional grids during the 2012 field season. One grid was centred on a surface geochemical gold anomaly at the Winchester prospect, the southernmost target area along a 35 kilometres discontinuous mineralized trend running south from Shotgun Ridge.

Two other grids were designed to extend the 2011 survey at Shotgun Ridge. The data were collected in a manner where they could be merged with the 2011 surveys and modelled in three dimensions to produce a single comprehensive three-dimensional model of chargeability, resistivity, geology and geochemistry to be used for further target delineation. The geophysical data are being processed and results of the merged surveys are pending.

About the Shotgun Gold Project

TNR holds a 100% interest in the Shotgun property located 175 kilometres south of Donlin Creek within the Kuskokwim Gold Belt in southwestern Alaska. This area is emerging as a world-class gold district hosting more than 40 million ounces of aggregated gold resources. The Shotgun property includes a number of prospects, including Shotgun Ridge and nearby Winchester. Donlin is an intrusion-associated system and represents one of the largest undeveloped gold deposits in the world. The Company believes that there are several key similarities between prospects on the Shotgun property and that of the Donlin Creek gold deposit as well as other important intrusion-associated deposits.

John Harrop, PGeo, FGS, a Qualified Person for TNR Gold Corp. as defined by NI 43-101 has reviewed the technical information contained in this report.

About TNR Gold Corp.
Over the past twenty-one years TNR, through its lead generator business model, has been successful in generating high quality exploration projects around the globe. With the Company's expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its project portfolio.

TNR's recently listed subsidiary, International Lithium Corp. (TSX: ILC.V), demonstrated the successful application of TNR's business model in which TNR shareholders benefited from a unit distribution upon spin-out of TNR's lithium and rare metals projects.  Ganfeng Lithium Co. Ltd. is a leading China based multi-product lithium manufacturer and strategic partner and investor in ILC. TNR remains a large shareholder in ILC at 25.5% of outstanding shares.

At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina; and teamed with the recent acquisitions of rare-earth elements and iron ore projects in Canada confirm TNR's commitment to continued generation of in-demand projects, while diversifying its markets and building shareholder value.

On behalf of the board,Gary SchellenbergPresident

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. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements. Symbol: TNR:TSXVCUSIP: #87260X 109SEC 12g3-2(b): Exemption #82-4434
620 - 650 West Georgia StreetVancouver, British ColumbiaV6B 4N9, Canada Voice: (604) 687-7551Fax: (604) 687-4670 1-800-667-4470Caroline KlukowskiE-mail: ck@trngoldcorp.com

Website: http://www.tnrgoldcorp.com
SOURCE TNR Gold Corp.

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Scientist and inventor joins Ucore Rare Metals

HALIFAX, NOVA SCOTIA--(Marketwire - Aug. 13, 2012) -Ucore Rare Metals Inc (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or "the Company") is pleased to announce that Dr. Richard Hammen has been appointed to Ucore's Advisory Board.

Dr. Hammen is the inventor of Solid Phase Extraction ("SPE") technologies for the chemical separation of various materials. SPE is an innovative American technology, developed by Dr. Hammen in cooperation with the EPA and National Science Foundation. Dr. Hammen has been granted multiple US patents for these inventions and most recently has been focusing his research on the development of SPE products for the mining industry as President of IntelliMet LLC, of Missoula Montana.

Dr. Hammen has over 40 years of experience in the field of analytical chemistry. He is a former director of the Analytical Chemistry Laboratory at NASA / Caltech Jet Propulsion Laboratory. He was a founding employee of Vestar Inc., a biotech company started by Cal Tech faculty and affiliates, and former CEO of ChromatoChem Inc and ChelaTech Inc.

Dr. Hammen received a B.S. degree in Chemistry from Stanford University and subsequently a Ph.D. in Organic Chemistry from the University of Wisconsin. Dr. Hammen was a postdoctoral scholar at UCLA, and competed in World Championships on the US National Cycling Team.

"We're honored that a scientist of Dr. Hammen's caliber has agreed to join Ucore on an ongoing basis," said Jim McKenzie, President & CEO of Ucore, "His development of SPE as a uniquely American technology has the potential to significantly improve on traditional rare earth separation processes, and leap frog the United States as a competitive source of HREE's in the international arena. We welcome his addition to the Ucore team."

Background
Ucore Rare Metals Inc. is a well-funded development-phase mining company focused on establishing rare metal resources with near term production potential. With multiple projects across North America, Ucore's primary focus is the 100% owned Bokan - Dotson Ridge REE property in Alaska. The Bokan - Dotson ridge REE project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia and has direct ocean access to the western seaboard and the Pacific Rim, a significant advantage in developing near term production facilities and limiting the capital costs associated with mine construction.

The Bokan property is particularly enriched with heavy rare earth elements, including the critical elements Dysprosium, Terbium and Yttrium. Approximately 40% (by weight) of the rare earth elements contained on the Dotson Ridge property are heavy rare earths elements, as disclosed in the Company's NI43-101 compliant resource estimate, released in March of 2011.

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Jim McKenzie
Ucore Rare Metals Inc.
President and Chief Executive Officer
(902) 482-5214
www.ucore.com

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TNR Gold commences drilling at Shotgun Ridge property in Alaska

Vancouver, British Columbia -- July 2012 -- TNR Gold Corp. (the "Company") Further to the announcement on July 5th, 2012 pertaining to the launch of the Shotgun Gold project in Alaska, TNR is pleased to report that exploration and camp preparation is on schedule for a start of drilling planned for July 15th.

Objectives of the 2012 Shotgun Gold Project include:
• Infill drilling to support a new resource calculation after field season;
• Test new geophysical targets identified in 2011;
• Further test at depth feeder zones discovered in 2006, and
• Geophysical surveys of other ridges for new, structural, drill targets.

The geophysics contractor is setting up the first of several 3D resistivity and chargeability survey areas across the property at Winchester, the southern-most prospect of the Shotgun Project. Ground based magnetics are also planned in conjunction with the primary survey. Locations of additional geophysical grids will include extension of the 2011 survey at Shotgun Ridge to further define features identified at the edge of that survey.

In anticipation of the project financing earlier this year, TNR management utilized in-house and contract services to effectively complete planning and permitting while assembling a field team for geology, drilling, geophysics and support services. TNR continues to apply its strategic plan to be able to respond quickly to opportunities and build shareholder value.

Mr. John Harrop, VP of Exploration notes, "We are fortunate to be drilling a zone that is within Shotgun Ridge and not under a valley. This geometry means that there is less cover to drill through than we would encounter in a valley bottom and that translates to a cost saving in drilling, and better resolution in the geophysical surveys. Ultimately, should an economic deposit be proven here, we expect it to reduce the footprint and benefit mining efficiency."

About the Shotgun Gold Project

TNR holds a 100% interest in the Shotgun property located 175 kilometres south of Donlin Creek within the Kuskokwim Gold Belt in southwestern Alaska. This area is emerging as a world-class gold district hosting more than 40 million ounces of aggregated gold resources. The Shotgun property includes a number of prospects, including Shotgun Ridge and nearby Winchester. Donlin is an intrusion-associated system and represents one of the largest undeveloped gold deposits in the world. The Company believes that there are several key similarities between prospects on the Shotgun property and that of the Donlin Creek gold deposit as well as other important intrusion-associated deposits.

Previous work at Shotgun Ridge by NovaGold Resources Inc. in 1998 estimated an historical resource of 980,000 ounces grading 0.93 grams per tonne (g/t) at a cut-off of 0.5 g/t (This estimate was made prior to NI43-101 and has not been verified by a Qualified Person. It is provided for historical information and should not be relied upon).
John Harrop, PGeo, FGS, a Qualified Person for TNR Gold Corp. as defined by NI 43-101 has reviewed the technical information contained in this report.

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TNR Gold drilling At Shotgun Ridge Gold Project, Alaska as TSX Approves $3.5 Million Loan Agreement

Jun 12, 2012 by PR Newswire

 TNR Gold Corp. (the "Company") (TSX VENTURE EXCHANGE - TNR) is pleased to provide an update on the planned exploration program at its Shotgun property in Alaska. The program will commence immediately and will include an estimated 1500m of drilling at Shotgun Ridge prior to a resource calculation updating the historical estimate. 3D geophysical surveys are also planned for Shotgun Ridge and other areas within the property where there are extensive, but currently unexplained geochemical gold anomalies.

In addition to returning 210.5m gold grades averaging 1.29 g/t, including 27.4 m of 2.3 g/t Au, drill hole 06-43 significantly changed the Company's understanding of structural control at Shotgun Ridge and demonstrated that mineralization is still open at depth (Technical Report on the Shotgun-Winchester Project, SW Alaska, 2008). Following exploration at other prospects on the Property, the Company returned to Shotgun Ridge in 2011 to conduct a geophysical orientation survey across the area containing the drilling and historical resource. 3D resistivity and chargeability results show previously unknown structures within the ridge that appear to correlate well with geology and mineralization identified in drilling. The current program will use the 3D geophysical results to assist targeting mineralization to depth along southwest dipping feeder zones identified in hole 06-43. (Further details on the project can be found on our website at www.tnrgoldcorp.com/i/pdf/TNR_Shotgun_MAY2012_Public.pdf)

"Drill hole 06-43 has clearly been the most encouraging hole at Shotgun Ridge. We are optimistic that the current drilling program will continue to increase this mineralized zone at depth which will be reflected in the subsequent resource estimate" comments John Harrop, VP Exploration

About the Shotgun Gold Project
TNR holds a 100% interest in the Shotgun property located 175 kilometres south of Donlin Creek within the Kuskokwim Gold Belt in southwestern Alaska. This area is emerging as a world-class gold district hosting more than 40 million ounces of aggregated gold resources. The Shotgun property includes a number of prospects, including Shotgun Ridge and nearby Winchester. Donlin is an intrusion-associated system and represents one of the largest undeveloped gold deposits in the world. The Company believes that there are several key similarities between prospects on the Shotgun property and that of the Donlin Creek gold deposit as well as other important intrusion-associated deposits.

Previous work at Shotgun Ridge by NovaGold Resources Inc. in 1998 estimated an historical resource of 980,000 ounces grading 0.93 grams per tonne (g/t) at a cut-off of 0.5 g/t (This estimate was made prior to NI43-101 and has not been verified by a QP. It is provided for historical information and should not be relied upon).

John Harrop, P.Geo, is the company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.

Further to the Company's news release dated May 31, 2012, the TSX Venture Exchange has accepted for filing a loan agreement dated May 29, 2012 for $3.5 million .

About TNR Gold Corp.
Over the past twenty-one years TNR, through its lead generator business model, has been successful in generating high quality exploration projects around the globe. With the Company's expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its project portfolio.

TNR's recently listed subsidiary, International Lithium Corp. (TSX:ILC), demonstrated the successful application of TNR's business model in which TNR shareholders benefited from a unit distribution upon spin-out of TNR's lithium and rare metals projects. TNR remains a large shareholder in ILC at 25.5% of outstanding shares.

At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina; and teamed with the recent acquisitions of rare-earth elements and iron ore projects in Canada confirm TNR's commitment to continued generation of in-demand projects, while diversifying its markets and building shareholder value. 

On behalf of the board,
Gary SchellenbergPresident

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. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
620 - 650 West Georgia StreetVancouver, British ColumbiaV6B 4N9, Canada Voice: (604) 687-7551Fax: (604) 687-4670 1-800-667-4470E-mail: info@tnrgoldcorp.com
Website: http://www.tnrgoldcorp.com
Symbol: TNR:TSXVCUSIP: #87260X 109SEC 12g3-2(b): Exemption #82-4434
SOURCE TNR Gold Corp.

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Ucore Rare Metals Appoints Mine Permitting Manager for Bokan Mountain Project

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Ucore Rare Metals Inc.
TSX VENTURE : UCU
OTCQX : UURAF

March 19, 2012 08:41 ET

HALIFAX, NOVA SCOTIA--(Marketwire - March 19, 2012) - Ucore Rare Metals Inc (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or "the Company") is pleased to announce the appointment of Randy MacGillivray as Senior Mine Permitting Manager for the Bokan Heavy Rare Earth project on Prince of Wales Island in Alaska, USA.

Randy MacGillivray is an Environmental Geoscientist with over 20 years of environmental and geological management experience based in Alaska, Colorado, Idaho, Nevada, Canada, New Zealand, Chile, Guyana and Bolivia. Randy has mine project management experience involving the full-spectrum of permitting, compliance, reclamation, remediation, and water quality planning involving both active chemical and passive biological treatment systems.

Randy has experience in establishing and auditing environmental management systems, including community and First Nations consultation and engagement strategies. He has served as the Environmental Manager for Coeur Alaska at the Kensington Gold Project during the final round of permitting which obtained the successful Record of Decision and Corp of Engineers 404 operating permits. Randy graduated with a Bachelor of Science in Geology from the University of British Columbia and is a licensed Professional Geoscientist in British Columbia.

"We're excited to have attracted a senior representative with the depth of experience in permitting such a major Alaskan operation as Kensington," said Jim McKenzie, President & CEO of Ucore. "Few people would have the broad skill set and Alaska-specific knowledge that Randy brings to Ucore. He'll be working in close cooperation with the State of Alaska, the US Forest Service, and associated regulators to bring Bokan into production without delay. Randy represents the first of a comprehensive team of mine development specialists being assembled by Ucore COO Ken Collison, and we welcome him to the Ucore team."

Background
Ucore Rare Metals Inc. is a well-funded junior exploration company focused on establishing REE, uranium and other rare metal resources through exploration and property acquisition. With multiple projects across North America, Ucore's primary focus is the 100% owned Bokan - Dotson Ridge REE property in Alaska. The Bokan - Dotson ridge REE project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia and has direct ocean access to the western seaboard and the Pacific Rim, a significant advantage in expediting mine production and limiting the capital costs associated with mine construction.

The Bokan properties are located in an area reserved for sustainable resource development with an existing road network providing access to the main target areas. REE mineralization at the Bokan-Dotson ridge project occurs in a well-demarcated vein system related to a Mesozoic Bokan peralkaline granitic complex. However, a number of other occurrences of REE mineralization are also located within, or at the margins of the complex. Viewed in a geological and geophysical context, the Bokan complex is a distinctive circular structure and is highly prospective for rare earths deposits.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

Contact Information

Ucore Rare Metals Inc.
Mr. Jim McKenzie
President and Chief Executive Officer
(902) 482-5214
www.ucore.com

Ucore Rare Metals Releases 2011 Bokan Drill Results Pending Augmented Resource Calculation

HALIFAX, NOVA SCOTIA--(Marketwire - Jan. 23, 2012) - Ucore Rare Metals Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or "the Company") is pleased to announce finalized assay results from the 2011 drill program at the Bokan-Dotson Ridge rare earth element (REE) project in southeast Alaska. The 2011 drill program produced a total of 10,112 metres of core from 34 diamond drill holes. The data will be used to upgrade the status of the existing National Instrument (NI) 43-101 compliant resources from Inferred to Indicated and to increase the size of the existing mineral resources at Dotson Ridge. Together with the previous Ucore drill programs from 2007 to 2010, the Company has now completed 134 drill holes in total, comprising 19,662 meters of core at the Bokan property.

A map showing the location of the drill holes reported in this press release can be accessed on the Company's website (http://ucore.com/2011drillholes).
The following table summarizes significant intersected values from 27 out of 34 holes completed in 2011.

2011 Assay Drill Core Results

Hole	Depth From(m)	Depth to(m)	Width (m)	LREO (wt.%)	HREO (wt.%)	TREO (wt.%)	HREO/TREO (%)
LM11-92	151.93	153.72	1.79	0.53	0.52	1.04	50
LM11-92	167.36	171.1	3.08	0.27	0.15	0.42	36
LM11-92	179.27	181.67	2.4	0.32	0.20	0.51	38
LM11-101	154.63	156.65	2.02	0.59	0.20	0.79	25
LM11-103	184.4	186.56	2.16	0.39	0.30	0.69	43
LM11-105	147.55	151.26	3.71	0.62	0.24	0.86	28
LM11-106	189.5	192	2.5	0.48	0.15	0.63	24
LM11-106	296.2	298.7	2.5	0.29	0.19	0.48	40
LM11-107	109.26	113.55	4.29	0.14	0.18	0.32	57
LM11-108	139.65	141.17	1.52	0.31	0.33	0.64	51
LM11-109	153.87	155.72	1.85	0.18	0.23	0.41	56
LM11-110	222.45	226.77	4.32	0.32	0.33	0.80	51
LM11-112	76.42	79.32	2.9	0.58	0.17	0.75	22
LM11-112	121.01	123.26	2.25	0.19	0.28	0.47	60
LM11-112	125.07	131	4.68	0.22	0.16	0.38	42
LM11-113	160.8	161.6	0.8	0.45	0.53	0.97	54
LM11-113	164.03	166.38	2.35	0.41	0.34	0.75	45
LM11-114	156.36	157.05	0.69	0.33	0.24	0.57	42
LM11-114	209.63	210.65	1.02	0.55	1.51	2.06	73
LM11-114	219.81	222.02	2.21	0.56	0.30	0.86	35
LM11-115	142.72	144.66	1.94	0.67	0.51	1.18	43
LM11-115	153.24	154.45	1.21	0.59	0.44	1.03	42
LM11-116	126.24	128.75	2.51	0.52	0.22	0.74	30
LM11-116	132.31	133.76	1.45	0.42	0.11	0.53	21
LM11-116	151.53	156.8	2.79	0.28	0.34	0.62	55
LM11-116	161	162.5	1.5	0.32	0.32	0.64	49
LM11-116	173.9	175.6	1.7	0.46	0.38	0.84	45
LM11-117	217.62	236.55	5.71	0.27	0.37	0.65	58
LM11-117	249.95	255.75	3.85	0.39	0.17	0.56	30
LM11-118	94.98	96.04	1.06	0.63	0.24	0.88	28
LM11-118	144.68	146.77	2.09	0.33	0.23	0.56	41
LM11-119	191.1	193.5	2.4	0.26	0.10	0.36	28
LM11-119	258.74	261.26	2.52	0.29	0.15	0.44	34
LM11-119	268.24	270.5	2.26	0.34	0.15	0.49	32
LM11-120	178	179.93	1.93	0.49	0.26	0.75	35
LM11-121	215.57	217.63	2.06	0.31	0.21	0.52	40
LM11-121	222.46	225.35	2.89	0.43	0.34	0.77	44
LM11-122	55.16	56.5	1.34	0.33	0.30	0.63	47
LM11-122	80.07	82.17	2.1	0.26	0.28	0.54	52
LM11-122	86.12	87.69	1.57	0.41	0.40	0.81	49
LM11-123	82.47	85.69	3.22	0.37	0.32	0.68	46
LM11-123	96.75	99.62	2.87	0.18	0.21	0.40	53
LM11-123	123.07	126.43	3.36	0.62	0.47	1.09	43
LM11-124	112.1	113.81	1.71	0.26	0.19	0.46	43
LM11-124	129.4	132.88	3.48	0.39	0.28	0.67	42
LM11-125	180.83	182.17	1.34	0.29	0.16	0.44	35
LM11-125	184.42	186.69	2.27	0.48	0.56	1.04	53
LM11-125	203.59	205.79	2.2	0.38	0.30	0.68	44
LM11-126	86.52	88.42	1.9	0.99	0.36	1.36	27
LM11-126	96.15	99.54	3.3	0.62	0.28	0.90	31
LM11-127	161.35	162.91	1.56	1.60	1.47	3.07	48
LM11-127	197.78	199.54	1.76	1.37	0.70	2.06	34
LM11-127	228.67	234.23	2.67	0.35	0.16	0.51	31
LM11-128	151.46	161.13	4.94	0.42	0.29	0.71	41
LM11-128	162.84	165.85	3.01	0.56	0.28	0.84	33
LM11-128	175.13	193.88	3.05	0.73	0.32	1.05	31
LM11-129	268.9	271.66	2.76	1.07	0.55	1.62	34
LM11-129	319.94	321.2	1.86	1.57	0.64	2.22	29

• LREO = Light rare earth elements: La, Ce, Pr, Nd, and Sm as oxide
• HREO = Heavy rare earth elements: Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb, Lu, and Y as oxide
• TREO = Total rare earth oxides: LREO + HREO
• Totals may not equal due to rounding
• Major contributing rare earth oxides to LREO and TREO: La2O3, Ce2O3, Nd2O3
• Major contributing rare earth oxides to HREO: Dy2O3, Gd2O3, Y2O3

"The completion and analysis of the 2011 drill program is another significant milestone for Ucore," said Jim McKenzie, President and CEO of the Company. "The 2011 drill program is remarkable for being the most ambitious to date, generating more linear metres of core during one season than in all of the previous drill seasons combined. The sheer size of the 2011 program clearly demonstrates that Ucore is rapidly increasing the scale and intensity of its development activities at Bokan. What's more, the rare earth grades obtained this year surpass all prior years, with several intercepts ranging from 2-3% TREO. The total core volume generated this year has been more than sufficient to upgrade the bulk of the existing resource from Inferred to Indicated under NI 43-101 guidelines, as the Company counts down to the release of a Preliminary Economic Assessment in the near future."

The 2011 exploration program confirmed the integrity and continuity of the Dotson Zone. The zone has a strike length of more than 2,000 metres, with an average width of 50 metres, and contains at least 24 high-grade mineralized veins or vein-arrays. The zone remains open both at depth and on strike. 2011 drill results show that there are multiple wide and high grade intersections within the steeper holes, indicating that the already high grade mineralization is apparently strengthening at depth. The results both reinforce and augment the historical U.S. Bureau of Mines resource estimate and geological model for the area (Warner & Barker; USBM OFR 33-89). The USBM model inferred persistent rare earth mineralization in the subject zone both along the strike and at the depth, in combination with anomalously high ratios of heavy to total rare earth elements.

In addition to standard diamond drilling, the 2011 field program included the generation of numerous bulk surface samples. These bulk samples are serving as input material for plant-scale metallurgical and innovative X-ray transmission ore sorting testwork being conducted at Hazen Research Inc. of Golden Colorado and Commodas Ultrasort of Hamburg Germany, respectively (see Ucore press release "Ucore XRT Testing Shows Prospective Doubling of Mill Feed Grade" Oct 31, 2011). The 2011 field program additionally included comprehensive environmental baseline testing, as well as desktop engineering studies, as a prelude to mine planning and development commencing in 2012. Beyond the central exploration targets at Dotson Ridge, Ucore exploration geologists conducted surface work at several Bokan-area REE occurrences in 2011, using prior USBM studies as a means of generating outbound targets.

NI 43-101 Compliance
The diamond drill core was split on site, with half the core transported by commercial carriers to the Activation Laboratories analytical facility in Stewart, B.C., Canada and analyzed at their labs in Ancaster, Ontario. Check assay samples were submitted to ALS Laboratories in Anchorage, Alaska, USA and analyzed at ALS Laboratories in Vancouver, B.C. Sample containers were sealed and chain of custody was maintained throughout the transport. The QA/QC program included the insertion of certified standards, blanks and duplicates in the submitted sample shipment; and laboratory insertion and analysis of standards and blanks, duplicates and re-splits. Analyses were made by inductively-coupled plasma mass spectrometry with lithium metaborate fusion, reporting whole rock analyses as an additional quality control measure. Reported values are length-weighted averages from multiple samples. All widths reported are core intercepts and do not reflect true width of the mineralized structure. Jim Robinson, P.Geo. (NWT), an independent geologist with Aurora Geosciences, has prepared the technical data relative to the drill assays provided herein and is the qualified person responsible for their accuracy.

Background
Ucore Rare Metals Inc. is a well-funded junior exploration company focused on establishing REE, uranium and other rare metal resources through exploration and property acquisition. With multiple projects across North America, Ucore's primary focus is the 100% owned Bokan - Dotson ridge REE property in Alaska. The Bokan - Dotson ridge REE project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia and has direct ocean access to the western seaboard and the Pacific Rim, a significant advantage in expediting mine production and limiting the capital costs associated with mine construction.

The Bokan properties are located in an area reserved for sustainable resource development with an existing road network providing access to the main target areas. REE mineralization at the Bokan-Dotson ridge project occurs in a well-demarcated vein system related to a Mesozoic Bokan peralkaline granitic complex. However, a number of other occurrences of REE mineralization are also located within, or at the margins of the complex. Viewed in a geological and geophysical context, the Bokan complex is a distinctive circular structure and is highly prospective for rare earth deposits.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

Contact Information

Ucore Rare Metals Inc.
Mr. Jim McKenzie
President and Chief Executive Officer
(902) 482-5214
www.ucore.com

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