TSX: NRE       Namibia Rare Earths Inc
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Business Background

Namibia Rare Earths Inc. is a Canada-based company, which is engaged in the acquisition, exploration and evaluation activities. The Company is engaged developing a portfolio of mineral exploration project in Namibia, primarily the Lofdal Rare Earths Project, which is held by Namibia Rare Earths (Pty) Ltd. The Company's project includes Lofdal Rare Earths Project, which consists of a license (exclusive prospecting license (EPL) 3400) located approximately 450 kilometers northwest of the capital city of Windhoek and over 25 kilometers northwest of the town of Khorixas in the Kunene Region of north-western Namibia. The Lofdal Rare Earths Project covers a total area of approximately 420 square kilometers centered on the Lofdal carbonatite complex. EPL 3400 provides for mineral rights to base and rare metals, and precious metals. The Company's Lofdal Rare Earths Project produces an average of approximately 1,500 tons per annum of separated rare earth oxides.

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