EANS-News: Tantalus Rare Earths AG /

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Joint Ventures/Cooperation/Collaboration

Grünwald (euro adhoc) - THYSSENKRUPP AND TANTALUS SIGN MOU FOR JOINT
EVALUATION ON MADAGASCAR RARE EARTHS PROJECT

Gruenwald 12 November 2012 - ThyssenKrupp Metallurgical Products
GmbH ("ThyssenKrupp") and Tantalus Rare Earths AG ("TRE"), are
pleased to announce the signing of a Memorandum of Understanding
("MOU") providing for joint evaluation of the large near surface
Tantalus rare earth project in Madagascar and the exclusive European
supply of these rare earth products to ThyssenKrupp.

The Tantalus project is emerging as one of the largest clay hosted
rare earth resources outside of China, with 130Mio. tons of rare
earth oxide ("REO") bearing clays already identified from a small
portion of the project area on the Ampasindava Peninsula in
north-western Madagascar. Analysis of the Tantalus material has shown
that approximately 20% of the REO's are in the valuable "heavy"
category, and contain low levels of associated uranium and thorium.
Tantalus decided to increase work on the reserve and will start a
major environmental and social impact study in first half 2013.

The MOU will be followed by an off-take agreement for the exclusive
European supply of rare earth products / concentrate. While TRE
accelerates exploration and development of the Tantalus deposit and
commences the environmental and social impact studies required ahead
of mine development, the two companies will jointly indentify
potential financing parties for a rare earths trading platform and
discuss technical matters.

The MOU with ThyssenKrupp supersedes the previous LOI signed with
Rhodia.

Tantalus CEO Mr Juergen Schillinger said: "We are pleased to have
teamed up with one of the world's leading commodity trading companies
who is not only a strategic partner for the distribution of our
products, but can also assist Tantalus to optimize, including but not
limited to, the metallurgical processing of our rare earth
concentrates." Tantalus Rare Earth AG is listed on the open market of
the Frankfurt Stock Exchange and owns 100% of the Tantalus Rare
Earths Project.

MANAGEMENT BOARD
TRE AG

Further inquiry note:
Für weitere Informationen kontaktieren Sie bitte:

Juergen Schillinger, Chief Executive Officier
Tel: +49 (0) 89 693 960 66
Email: schillinger@tre-ag.com
www.tre-ag.com

David Rigoll, Director
Tel: +44 7500 068555
Email: rigoll@tre-ag.com

Paul Weigh
Blythe Weigh Communications
Tel: +44 (0) 20 71383204
oder +44 (0) 7989 129658

end of announcement euro adhoc
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company: Tantalus Rare Earths AG
Nördliche Münchner Str. 16
D-82031 Grünwald
phone: +49 (0)89 693 960 66
FAX: +49 (0)89 693 960 68
mail: contact@tre-ag.com
WWW: www.tre-ag.com
sector: Holding companies
ISIN: DE000A1MMFF4
indexes:
stockmarkets: Open Market: Frankfurt
language: English