LARGEST KNOWN RARE EARTH MINERAL DEPOSIT DISCOVERED

I apologize for the font. This is breaking over at BLN. http://www.pcreml.com/assets/pool/documents/SRE%20announcement%204Dec2013.pdf http://www.blacklistednews.com/North_Korea%E2%80%99s_Rare_Earths_Could_be_Game_Changer/32136/0/38/38/Y/M.html 4 December 2013 LARGEST KNOWN RARE EARTH MINERAL DEPOSIT DISCOVERED 4 December 2013 LARGEST KNOWN RARE EARTH MINERAL DEPOSIT DISCOVERED SRE Minerals Limited announces the results of exploration and studies in collaboration with the Korea Natural Resources Trading Corporation of the Democratic People’s Republic of Korea SRE Minerals Limited (“SRE” or “the company”) announced today their joint venture agreement with the Korea Natural Resources Trading Corporation for rights to develop all rare - earth - element (“REE”) deposits at Jongju, North Pyongan Province. The joint venture company known as Pacific Century Rare Earth Mineral Limited has the rights under the joint ventu re agreement which includes the exploration, mining, beneficiation and marketing of all REE deposits in the Jongju area for the next 25 years with a further renewal period of 25 years. Under the terms of the JV agreement SRE has also been granted permissi on for a National Rare Earth Mineral Processing Plant on site at Jongju, which is situated approximately 150 km north - northwest of the capital city of Pyongyang, within the North Pyongan Province, Democratic People’s Republic of Korea (“DPRK”). Leading Au stralian mining and geological consultancy, HDR Salva Resources Pty Ltd, has been SRE’s technical representative for the project and has been commissioned to access the mineralised potential of the Jongju REE target* with special reference to detailed mapp ing, extensive trenching and limited drilling. HDR Salva Resources (Pty) Ltd.’s initial assessment of the Jongju REE Exploration Target* indicates a total mineralisation potential of 6.0 Bt (216.2 Mt total rare - earth - oxides (“TREO”)) including light rare - earth - elements (“LREE”) such as lanthanum, cerium and praseodymium (mainly britholite and associated rare earth minerals). Approximately 2.66% of the 216.2 Mt TREO consists of heavy rare - earth - elements (”HREE”). A detailed classification of mineralised p otential present in the Jongju REE Target* is presumed to be: • 664.8 Mt @ >10.00% TREO, • 1.1 Bt @ 4.72% TREO, • 579.4 Mt @ 3.97% TREO, and • 3.63 Bt @ 1.35% TREO. Dr Louis Schurmann said: “The Jongju Target* would appear to be the World’s largest known REE occurrence.” Technical information in this announcement has been compiled by Dr Louis W. Schurmann, who is a Fellow of the Australasian Institute of Mining and Metallurgy and a Professional Natural Scientist with over 18 years of experience relevant to the styles and types of rare earth mineral deposits under consideration, and to the activities which has been undertaken to qualify as a Competent Person as defined by the Australasian Code for Report ing of Minerals Resources and Reserves (JORC) 2004. Dr Schurmann consents to the inclusion of information in this publication.