FOR IMMEDIATE RELEASE

2 October 2017

Rainbow Rare Earths Ltd ('Rainbow' or 'the Company') (LSE: RBW)

Appointment of Joint Corporate Broker

Rainbow, the rare earth element mining company, is pleased to announce the immediate appointment of Arden Partners as joint corporate broker to the Company, acting alongside Hannam & Partners.

For further information, please contact:

Rainbow Rare Earths Ltd

Martin Eales

Tel: +44 (0) 20 3910 4550

St Brides Partners Ltd

Lottie Brocklehurst

Susie Geliher

Tel: +44 (0) 20 7236 1177

Arden Partners plc

William Vandyk

Benjamin Cryer

Tel: +44 (0) 20 7614 5900

Hannam & Partners (Advisory) LLP

Neil Passmore

Ben Newman-Sanders

Tel: +44 (0) 20 7907 8500

Notes to Editors:

Rainbow's focus is the Gakara Project in Burundi, one of the highest-grade (47%-67% Total Rare Earth Oxide) rare earths projects globally. The Company has raised US$8 million to fast-track the fully permitted Gakara Project to production ahead of targeted first sales of concentrate by the end of 2017. Rainbow has a ten-year distribution and offtake agreement with multinational thyssenkruppRaw Materials secured for the sale of at least 5,000 tpa of concentrate produced. The Gakara basket is weighted heavily towards the magnet rare earths, including neodymium and praseodymium, which are driving demand and account for 70% of annual global REE sales due to their use in vital components in motors, generators, wind turbines, and electric vehicles.

Rainbow Rare Earths Ltd. published this content on 02 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 October 2017 06:44:03 UTC.

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