Canada Rare Earths Inc. introduced Mr. Ron MacDonald as the company's new Executive Chairman and Director, Mr. Jean Sebastien Lavallee, P.Geo, as incoming President and CEO and Mr. Mark Baggio as a new Director of the Company. Both Mr. MacDonald and Mr. Baggio are well known for their interest in, and focus on, the emerging clean technology and energy sectors, with a specific interest in Asian battery markets. They are intimately familiar with the demand drivers in these markets and, as discussed below, have been involved with companies working to secure the key components required to feed this growing demand; lithium, vanadium, and now graphite. Mr. Ron MacDonald has extensive experience in the mining sector and is a regular presenter at conferences in Canada, Asia, and the United States on critical, strategic and rare earth markets. He spent two years as Senior Assistant to the Canadian Minister of Foreign Affairs and Deputy Prime Minister and two years as Chief of Staff to the Leader of the Government in the Senate of Canada. From 1988 to 1997, Mr. MacDonald was the Member of Parliament for Halifax, Nova Scotia, during which time he was appointed by the Prime Minister of Canada as Parliamentary Secretary of International Trade. Mr. Mark Baggio is the founder of Cansource Marketing Corp., Mr. Baggio has provided global strategic advice and marketing services to natural resource companies with the aim of building international markets and international product-expansion initiatives. In the last four years, Mr. Baggio has worked extensively in the rare and critical resource space, developing and implementing global market and financing programs for Canadian mining companies. The company has signed an option agreement to acquire approximately 564 square kilometers of prospective graphite bearing lands with a particular focus on the Quebec North Shore. This land package, which is broken down into 11 (eleven) distinct properties, includes historical exploration work that suggests significant graphite resource bearing potential exists across these lands.