Canada Rare Earth Corp. announced the addition of Anthony Wong as Chief Financial Officer and Corporate Secretary for the company. Anthony has extensive public and private company experience including serving as independent director and chief financial officer for companies publicly traded on the Singapore and Hong Kong Stock Exchanges. The company thanks Michael Lee for his chief financial officer services over the past year and for ensuring an orderly transition to Anthony Wong. As part of Mr. Wong's compensation, he has been granted an option to purchase 500,000 shares of the Company at an exercise price of $0.085 per share exercisable for five years subject to an 18 month vesting period.