Hinterland Metals Inc.
TSX VENTURE : HMI

Hinterland Metals Inc.

October 07, 2009 09:00 ET

Hinterland Acquires Claims Adjacent to Strange Lake REE Property, Quebec

VAL D'OR, QUEBEC--(Marketwire - Oct. 7, 2009) - Hinterland Metals Inc. (TSX VENTURE:HMI) is pleased to announce that it has obtained a 100% interest in the LuLa Rare-Earth Element ("REE") property by map designation of 104 claims covering approximately 4954ha. The property is located roughly 200km northeast of Schefferville, Quebec. Registration of the claim titles is pending with Quebec's Ministry of Natural Resources and Wildlife.

This strategic acquisition is situated within the George River belt of northeastern Quebec and northwestern Labrador. It ties directly onto the northwest corner of the Strange Lake property held by Quest Uranium Corp. and is approximately 15km northwest of the Strange Lake REE, zircon, yttrium, niobium, beryllium deposit discovered by the Iron Ore Company of Canada in the late 1970's (historical resource estimate, pre-NI 43-101; Venkatswaran, 1983: 52 million tonnes @ 3.25% ZrO2, 0.56% Nb2O5, 0.66% Y2O3, 0.12% BeO and 1.30% Total Rare Earth Oxides ("TREO").

The property was staked primarily for potential REE, zircon, yttrium, niobium, beryllium mineralization based on its proximity to the Strange Lake deposit and preliminary data compilation of the area. Secondarily, the property lies approximately 125km west of the Voisey's Bay nickel-copper-cobalt mine operated by Vale in eastern Labrador so it may also be prospective for magmatic nickel-copper sulphide deposits. The Company has initiated an extensive data compilation of the LuLa property region.

The name "LuLa" was derived from lutetium and lanthanum, two metals that belong to the Rare-Earth Element group. The use of REE has increased dramatically over the past years in many modern technology applications, especially automotive catalytic converters, permanent magnets, and rechargeable batteries. Unfortunately, this new demand has strained supply, and there is growing concern that the world may soon face a shortage. This situation was exacerbated on September 1, 2009 when China, essentially the world's only supplier of REE, announced plans to reduce its export quota to 35,000 tons per year.

Mark Fekete, P.Geo is the designated "qualified person" as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for the preparation of this release.

Investors are invited to visit the Hinterland IR Hub at www.agoracom.com/IR/Hinterland where they can post questions and receive answers or review messages already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to HMI@agoracom.com where they can also request to be added to the investor e-mail list in order to receive all future press releases and updates in real time.

This release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulators. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of an unanticipated event.

Shares Issued 61,659,233

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.

Contact Information