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Press Release

Dostal’s Paper on Bokan Mineralization Accepted by Leading International Journal

August 11, 2014 – Halifax, Nova Scotia – Ucore Rare Metals Inc (TSX-V:UCU) (OTCQX:UURAF) (“Ucore” or “the Company”) is pleased to announce that the paper ‘The Early Jurassic Bokan Mountain granite complex (southeastern Alaska): Geochemistry, petrogenesis and rare-metal mineralization’ has been published by Elsevier in the journal Lithos (the “Paper”). ‘Elsevier’ is a world leading provider of academic information and ‘Lithos’ is the leading international English language journal publishing original research papers on mineralogy, petrology and geochemistry.

The Paper was authored by a three person team including Dr. Jaroslav Dostal, Department of Geology, Saint Mary’s University, Halifax and a member of Ucore’s Board of Directors; Dr. Daniel Kontak, Department of Earth Sciences, Laurentian University, Sudbury; and Dr. Susan Karl, U.S. Geological Survey, Alaska Science Centre, Anchorage. The Paper can be accessed at:

http://www.sciencedirect.com/science/article/pii/S0024493714002035

“We’re pleased to see that information on the significant rare earth element mineralization at Bokan continues to be furthered in the most advanced academic arenas,” said Jim McKenzie, President and CEO of Ucore. “We congratulate Dr. Dostal and his colleagues for their contribution to the knowledge of geochemistry and petrology at Bokan, and we’re delighted to have such an accomplished researcher as Dr. Dostal serve as a Director of Ucore. This paper, along with current research being conducted by the USGS, complements studies of Bokan geology dating back several decades, and contributing to its reputation as one of the most academically advanced and understood heavy rare earth deposits outside of China.”

Dr. Dostal has published more than 250 scientific papers and is the recipient of the 2005 Career Achievement Award of the Volcanology and Igneous Petrology Division of the Geological Association of Canada, and the 2007 Gesner Medal for Distinguished Scientist of the Atlantic Geoscience Society.

For additional information on academic research on Bokan, please visit: http://ucore.com/academic-papers

About Ucore Rare Metals Inc.

Ucore Rare Metals Inc. is a development-phase mining company focused on establishing rare metal resources with near term production potential. With multiple projects across North America, Ucore’s primary focus is the 100% owned Bokan – Dotson Ridge REE property in Alaska. The Bokan – Dotson Ridge REE project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia and has direct ocean access to the western seaboard and the Pacific Rim, a significant advantage in developing near term production facilities and limiting the capital costs associated with mine construction.

For further information, please contact Mr. Jim McKenzie, President and Chief Executive Officer of Ucore Rare Metals Inc. at: (902) 482-5214 or visit http://www.ucore.com

This press 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 exploration drilling, exploration activities, development timelines, 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 forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

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