Rare Earth Metals Corp., (REM – TSX.V), November 28, 2005, (the “Company”) is pleased to announce that the application of Harvest Gold Corporation (“Harvest”) for listing on the TSX Venture Exchange has been conditionally accepted, subject only to the filing of final documentation and confirmation that Harvest meets the minimum listing requirements.

As a result of this conditional acceptance the Company intends to proceed to seek the final court order (the “Order”) approving the Plan of Arrangement between Harvest Gold and the Company, as more fully described in the Company’s news release of June 2, 2005. The issuance of the Order and the filing of same with the Registrar of Companies for British Columbia are the final steps remaining to complete the reorganization of the Company whereby Harvest will be “spun-off” as a separate public company, with shareholders of the Company as at the record date of October 14, 2005 receiving one share in Harvest for every three shares they held in the Company as at that date.

It is proposed that the hearing of the application for the Order will take place Wednesday November 30, 2005 at 9:45 am P.S.T. in the Supreme Court of British Columbia, 800 Smythe Street, Vancouver, BC.

On behalf of the Board of Directors,

John Roozendaal B.Sc
President, CEO & Director
Rare Earth Metals Corp.
 

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

 
The TSX Venture Exchange has not reviewed this press release and does not accept

responsibility for the adequacy or accuracy of this release.