Rare Earth Metals Inc. Provides Update on Drilling from Lavergne-Springer Project

THUNDER BAY, ONTARIO -- (Marketwire - Feb. 8, 2012) - Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company") (TSX VENTURE:RA) (OTCQX:RAREF) (PINKSHEETS:RAREF) is pleased to give an update on its Lavergne-Springer Project in northwestern Ontario, located 70 km east of Sudbury. Forage Perfection Inc. of Notre-Dame du Nord, QC was contracted to complete a minimum of 2500 meters of drilling which started in mid-January.

Approximately 1600 meters within 6 holes have been completed to date with over 650 core samples submitted for geochemical analyses. Results have yet to be received but will be released as they become available. A minimum of 3 additional holes are planned to further test the Lavergne-Springer REE Mineralized Zone. The objective of the program is to move the project forward to a 43-101 compliant resource.

A total of seven holes were completed in the summer of 2011 to test the Lavergne-Springer REE Mineralized Zone over a strike length of 300 meters and produced drill widths varying from 79 meters to 360 meters with higher grade intersections up to 1.65% TREO over 90.2 meters in the most northerly hole (see previous press release dated Sept 15, 2011).

Reg Felix, P Geo., is a qualified person as defined in National Instrument 43-101, and has reviewed and approved the technical information forming the basis for release.


About Rare Earth Metals Inc.

Rare Earth Metals is a well-funded company with a focus on exploring for Rare Earth Element deposits. The Company's shares are listed on the TSX-V exchange under the symbol RA and the OTCQX exchange under the symbol RAREF. The Company presently has two advanced projects in Ontario and Newfoundland and Labrador, both exhibiting multi element potential (REEs, Niobium, Beryllium, Zirconium and Iron Ore) and proximity to available infrastructure. Its flagship properties are the Clay-Howells Prospect and the Red Wine Project. The Company has recently acquired additional properties in the Coldwell Complex near Marathon, Ontario and the Lavergne-Springer REE Prospect near Sturgeon Falls, Ontario. Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under the Company's profile at www.sedar.com. For more information please visit the Rare Earth Metals web site at www.RareEarthMetals.ca.


ON BEHALF OF THE BOARD OF DIRECTORS OF RARE EARTH METALS INC.:

Michael Stares
President and CEO



This release includes certain statements that may be deemed forward-looking statements. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. 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 the 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. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's filings that are available at www.sedar.com.

Company information distributed through the Market Access Program is based upon information that Standard & Poor's considers to be reliable, but neither Standard & Poor's nor its affiliates warrant its completeness or accuracy, and it should not be relied upon as such. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.

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

Rare Earth Metals Inc.
Michael Stares, President and CEO
(807) 623-6840
(807) 623-9526 (FAX)
www.RareEarthMetals.ca

Corporate Communications
Matt Witiluk, C.A.
(807) 623-6840
(807) 623-9526 (FAX)
matt@rareearthmetals.ca

Standard and Poor's Customer Contact:
Richard Albanese
(212) 438-3647
richard_albanese@standardandpoors.com

Standard and Poor's Media Relations Contact:
Michael Privitera
(212) 438-6679
michael_privitera@standardandpoors.com