(ASX:SPX)

ASX ANNOUNCEMENT 5 May 2017 WITHDRAWAL FROM MT REMARKABLE EARN-IN

Spectrum Rare Earths Limited ("SPX" or the "Company") refers to the announcement of 10th October 2016 in relation to the Company earning an interest in the Mt Remarkable prospect, located 200km southwest of Kununurra.

After further reviewing the gold opportunity at Mount Remarkable, SPX management has decided not to proceed with the earn-in programme. Some of the conditions precedent of the agreement between the parties are yet be satisfied, so that arrangements between them are at an end.

Company Chairman Alex Hewlett said "Whilst Mount Remarkable clearly has reasonable gold discovery potential, some of the challenges of doing business in the Kimberly have led the company to decide not proceed with the project."

The Company continues to search for mining and exploration opportunities with a focus principally on gold and base metals in western political jurisdictions.

For further Information, please contact:

Graeme Boden Tel: (08) 9384 3284

Principal Office

Suite 1, 827 Beaufort Street Mount Lawley WA 6052

Tel: 08 9272 1661 | Fax: 08 9284 3801

Email: info@spectrumrareearths.com.au Website: www.spectrumrareearths.com.au ABN: 94 115 770 226

Company Management Alex Hewlett: Chairman Alexander Moyle: Director Leon Charuckyj: Director

Graeme Boden: Company Secretary

Spectrum Rare Earths Limited published this content on 05 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 May 2017 00:38:18 UTC.

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