Rare Earth Metals Corp. - Drilling program starts at gold project Assean Lake Manitoba


VANCOUVER, Feb 13, 2003 (Canada NewsWire via COMTEX) --

(REM: TSX-VEN) Rare Earth Metals Corp. reports that drilling has commenced at the Company's Assean Lake gold project in north- central Manitoba. Up to 4,500 metres of diamond drilling is scheduled for this program to test new targets defined by an extensive geophysical and geochemical survey carried out during the summer of 2002. The survey has defined several targets on strike with the Hunt, B-52 and BIF gold zones. In addition, a number of the new targets have been defined on the north-shore of Assean Lake near the Lindal gold vein, which was discovered in the 1930's. In January, the Company completed a pulse EM survey to further refine these targets in advance of the drilling program.

Assean Lake is an advanced exploration project, with over 2 million dollars in drilling and surveying activity to date. The primary exploration targets at Assean Lake are shear-hosted gold and gold-enriched sulphide iron formation deposits. These are the typical mineralization styles for gold deposits on the Canadian Shield. Since the projects inception in February 2001, the Company has discovered three new 'blind'gold zones. The Hunt, BIF and B-52 zones bring the total number of gold zones on the property to seven. This gold mineralization has been discovered locally, over a 12 km strike length along Assean Lake Shear Zone. The ALSZ is a recently recognized 200km long deformation zone which is similar to shear zones associated with important gold mining camps elsewhere on the Canadian Shield.

The Hunt zone has been tested by a total of 26 diamond drill holes to a depth of 300 meters. It has been traced for 600 meters on strike and includes a 100-meter long high-grade shoot with intervals up to 9.37 g/t over 8.15 meters. The BIF occurs about 1 kilometer east of the Hunt zone and has only been tested by 2 diamond drill holes, with the best intersection being 4.26 g/t over 1.75 meters. The B-52 zone occurs another 2 kilometers on strike east of the B-52 zone and has been tested by 6 holes to a depth of 100 meters, with the best intersection being 10.2 g/t over 4.0 meters.

Secondary exploration targets at Assean Lake are nickel deposits of the Thompson-type that are also associated with sulphide iron formations.

The Assean Lake project is a joint venture between International Curator Resources Ltd. (60%) and Rare Earth Metals Corp. (40%). Curator is the operator. Rare Earth is a Vancouver-based gold exploration company. For more information about Assean Lake or the Company's other projects please contact us toll free at 1 866 816 0118 or locally at: (604) 628 5000.

On behalf of the Board of Directors John Roozendaal B.Sc. (Geol) President, Director

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For more information about Rare Earth Metals Corp. please review the company’s website or speak with a Company representative toll free 866 816 0118 or by emailing

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