RARE EARTH METALS CORP.
TSX VENTURE : REM

RARE EARTH METALS CORP.

May 23, 2006 10:44 ET

Rare Earth Metals Corp. Reports the Appointment of Mike Muzylowski to its Advisory Board

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 23, 2006) - Rare Earth Metals Corp., (TSX VENTURE:REM) (the "Company") is pleased to announce the appointment of Mike Muzylowski to its advisory board. Mike has 40 years of experience in mineral exploration and development including involvement in the discovery of fifteen ore bodies during his career. Thirteen of those mining operations are in the province of Manitoba where REM holds four separate property packages.

Mike's many achievements were recognized in 1988 when he received the award for Developer of the Year from the Prospectors and Developers Association of Canada.

Of particular importance to Rare Earth Metals is Mike's extensive experience in exploration for copper-zinc massive sulphide deposits in the Flin Flon-Snow Lake Greenstone belt. Since 1995, he has held the position of President of Callinan Mining which has significant holdings in the Flin Flon-Snow Lake belt. REM has recently acquired through option agreements and staking, a large strategic land position in the Snow Lake copper-zinc massive sulphide mining camp.

After graduating from the University of Manitoba with a B.Sc. in geology in 1955, Mike joined Hudson Bay Exploration and Development Co. Ltd. and held various positions including Chief Geophysicist, Senior Project Geologist and Assistant Superintendent of Exploration and Development.

From 1970 to 1984 he was a senior executive for Granges Exploration overseeing the eventual sale of the company to MIM, and was the discoverer of the Trout Lake Ore body at Flin Flon, Manitoba. This deposit has been in continuous production since 1984. That year, Mike became President and C.E.O. of Granges taking revenues from $4 million to $65 million per year. Later, he became Chairman and C.E.O. of Hycroft Resources, which had a large open pit, heap leach gold deposit, and was responsible for increasing production to over 100,000 ounces of gold per year.

President John Roozendaal states, "As REM explores for Manitoba's next VMS deposit, we could ask for no better an addition to our team of advisors than Mike Muzylowski. His knowledge and experience exploring for Copper-Zinc deposits in this belt is extensive and we have tremendous respect of his achievements in this area. We look forward to a long and successful working relationship with Mike."

ON BEHALF OF THE BOARD

Rick Mark, CEO, Director

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