Rare Earth Industries Ltd.
TSX VENTURE : RND
FRANKFURT : 3CK1

Rare Earth Industries Ltd.

August 24, 2011 08:15 ET

Rare Earth Industries' President Alastair Neill Appointed to Critical Materials Industry Organization "REE World" Advisory Board

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 24, 2011) - Rare Earth Industries (the "Company" or "RND") (TSX VENTURE:RND)(FRANKFURT:3CK1)(WKN:A1JHA3) is pleased to announce that its President, Alastair Neill, has been appointed to the Advisory Board of international critical materials industry organization "REE World", along with other leading rare earth experts such as Dudley Kingsnorth, Jim Hedrick, and Russell Starr.

Mr. Hedrick and Mr. Starr are also members of RND's advisory board, and the Company would like to recognize these gentlemen for this achievement as well.

Tracy Welosky, CEO of Rare Metal Blog comments, "We are honored that Alastair has agreed to serve on the REE World Advisory Board. With over 15 years of experience in the rare earths industry, his knowledge adds significant depth and leadership to the REE World Advisory Board."

For the complete details of the newly-established advisory board and the REE World Organization, please view following website: http://www.sys-con.com/node/1947182.

ABOUT REE WORLD

Rare Earth Element World (REE World) is an international organization dedicated to providing industry executives and investor market intelligence, and news and media highlights for the rare earths, rare metals and critical metals sector. REE World is committed to providing industry executives and investors with an organized voice on issues and events of importance in this rapidly growing sector. With some of the most significant industry players on REE World's Advisory and Management Board; REE World's goal is to observe and provide commentary for members on relevant global policies.

ABOUT RARE EARTH INDUSTRIES:

Rare Earth Industries Ltd. ("RND") is a mineral exploration company with the objective of building an industrial enterprise focused on the high-value processing and separations of rare earth elements and rare metals. The Company was formed by executives from the fields of specialized rare earths geology, mine development, chemical processing, and marketing and distribution of finished rare earths products. RND is focused on developing an environmentally sustainable supply chain for rare earths and rare metals sourced entirely outside of China. Rare earth elements are used in magnets for electric vehicles, display screens for electronics, rechargeable batteries and other high-demand products. RND is publicly traded on the TSX Venture Exchange under the symbol RND. For more information, visit www.rareearthindustries.com.

Safe Harbor Statement

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. 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 market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.

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