Germany

Press Release

Ucore Grants Incentive Stock Options

June 30, 2014 – Halifax, Nova Scotia – Ucore Rare Metals Inc (TSX-V:UCU) (“Ucore” or “the Company”) advises that an aggregate of 500,000 options have been granted to consultants of the Company, subject to the approval of the TSX Venture Exchange. The options are exercisable at a price of $0.32 per share and expire five years from June 30, 2014. One third of the options will vest after six months, with one third vesting every six months thereafter until fully vested.

Included in the above total are 200,000 options which have been granted to Star Finance GmbH, an investor relations firm based in Switzerland which provides investor relations services to the Company.

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

Disclaimer

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is definied by the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.