November 29, 2012 –Halifax, Nova Scotia – Ucor

November 29, 2012 –Halifax, Nova Scotia – Ucore Rare Metals Inc (TSX-V:UCU) (OTCQX:UURAF)(“Ucore” or “the Company”) is pleased to announce that it will be presenting atthe Alaska Strategic and Critical Minerals Summit on Friday, November 30, 2012.  The event is being sponsored by the State ofAlaska and the University of Alaska Fairbanks. The agenda for the summitincludes a progress report on the State of Alaska’s strategic metalsinitiative, announced by Governor Sean Parnell in September of 2011 andentitled “Secure Alaska’s Future – Strategic Minerals”.  The strategy includes the followinginitiatives:·         - The undertaking of an assessment of theState’s  strategic mineral potential;·         - The provision of incentives for developmentof strategic mineral occurrences;·   - Improvements to the structure and efficiencyof permitting processes in order to expedite mineral development;·         - Deepening coordination between public andprivate entities;·         - And attracting new investment for Alaska’smineral resources.  Speakers at the conferenceinclude Lt. Gov. Mead Treadwell; Department of Commerce, Economic Developmentand Community Affairs Commissioner Susan Bell; Department of Natural ResourcesDeputy Commissioner Ed Fogels; other State officials and representatives fromthe private sector.  United StatesSenator Lisa Murkowski, R-Alaska is expected to attend.The Company’s ChiefOperating Officer, Ken Collison will be discussing the Company’s recently releasedPreliminary Economic Assessment on the Bokan Mountain project.  Excerpts from the Company’s conferencematerials can be found at the following link:http://www.ucore.com/advantages“We are grateful to theorganisers for the opportunity to present at the Second Annual Alaska Strategicand Critical Minerals Summit,” said Jim McKenzie, President & CEO ofUcore.  “Alaska’s strategic mineralsinitiative demonstrates the State’s commitment to the development of its rareearth resources and to aid the United States in its efforts to develop anindependent supply of these critical materials.” AboutUcore Rare Metals Inc.Ucore Rare Metals Inc. is adevelopment-phase mining company focused on establishing rare metal resourceswith near term production potential. With multiple projects across NorthAmerica, Ucore’s primary focus is the 100% owned Bokan - Dotson Ridge REE propertyin Alaska. The Bokan - Dotson Ridge REE project is located 60 km southwest ofKetchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia andhas direct ocean access to the western seaboard and the Pacific Rim, asignificant advantage in developing near term production facilities andlimiting the capital costs associated with mine construction.The Bokan property isparticularly enriched with heavy rare earth elements, including the criticalelements dysprosium, terbium and yttrium. Approximately 40% (by weight) of therare earth elements contained on the Dotson Ridge property are heavy rare earthelements, as disclosed in the Company’s NI43-101 resource estimate technicalreport, filed on April 21st, 2011. The resource was completed by R.J. Robinson, a consultant from Aurora Geosciences.For further information,please contact Mr. Jim McKenzie, President and Chief Executive Officer of UcoreRare Metals Inc. at: (902) 482-5214 or visit http://www.ucore.com

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