Tantalus Rare Earths Ag: Mou with Cnf / appointment to the board

Tantalus Rare Earths AG ('TRE'), the German exploration company currently
exploring the large near surface rare earths occurrence in north-western
Madagascar (the 'TRE Project'), is pleased to announce the following:

David Rigoll

David Rigoll, TRE's largest shareholder, is appointed an Executive Director
of TRE. David Rigoll spent the first part of his career working in
investment banking and broking in Australia, Asia and London, with a
particular emphasis on mining. Through 2004/5 he located and secured
various iron ore and petroleum exploration projects. In 2006, he identified
a critical shortage of rare metals and rare earths and began a search for
an appropriate project which could provide accessible deposits of high
grade resources for metal supply. In 2008 he located and began development
work on the TRE project.

China Nonferrous Metal Industry's Foreign Engineering & Construction Co.
LTD. ('CNF')

On 13 April 2011 TRE signed a Memorandum of Understanding ('MOU') with CNF
under which both parties have agreed to see whether they can work together
in developing the TRE project in Madagascar. Pursuant to the MOU, CNF has
agreed to visit TRE's project in Madagascar and in addition to analyse the
REE bearing argillaceous laterite occurrences found there.

CNF is a leading Chinese company involved in the mining, processing and
trading of non ferrous metals. At its operations in China it is involved in
the processing of rare earth elements utilising its own technology.

The signing of the MOU is in line with the Board's previously announced
longer-term strategy to investigate various avenues to better understand
the characteristics of the REE bearing argillaceous laterite occurrences.

Jack Lifton commented that 'the REE bearing argillaceous laterites are
potentially comparable to the ionic absorption clays mined in southern
China that currently comprise the only producing sources of heavy rare
earths in the world. CNF today refines all of the REE's in its Chinese
operation using its own technology. TRE welcomes the potential cooperation
of CNF in determining the feasibility of producing heavy rare earth
elements as well as light rare earths elements from its REE bearing
argillaceous laterites in Madagascar.'


End of Corporate News

Unternehmen: Tantalus Rare Earths AG - ISIN: DE000A0SMSL4