Tantalus Rare Earths

Tantalus Rare Earths is a German incorporated holding company whose
subsidiaries are engaged in the exploration and development of rare
earths.

TRE’s shares are quoted on the Open Market of the Frankfurt Stock
Exchange. TRE’s principal asset is an exploration project located in
north-western Madagascar and comprises rare
earth-tantalum-niobium-zirconium-hafnium enriched dykes and sills and
Rare Earth Element (“REE”) bearing argillaceous laterites derived from
the weathering of underlying alkaline intrusives.

There are numerous indications that most of the alkaline intrusive
bodies within the concession are overlain by REE bearing argillaceous
laterites. TRE is therefore considering the whole area underlain by
alkaline intrusives (150 to 170 sq km) as prospective for secondary REE
mineralisation in the  weathering crust. The exploration program aims to
define the primary (vein/skarn hosted) and secondary (argillaceous
laterites) mineralisation present on the concession towards a NI 43-101
compliant mineral resource estimate and support a detailed feasibility
study towards mine development and production.