Quantum Rare Earth Developments Corp. is the Focus of Conservative Speculator Report

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/17/11 -- Quantum Rare Earth Developments Corp. (TSX VENTURE: QRE)(OTCQX: QREDF)(FRANKFURT: BR3) ('Quantum', the 'Company') is the focus of a recent special report in Larry Oakley's Conservative Speculator financial newsletter. (To see the entire editorial, request a password by email from Oakley at up415@aol.com.)

According to the investment report, the U.S. currently imports 100 percent of its supply of the strategic metal, niobium, for its industrial needs. The report noted that Quantum's property at Elk Creek, Nebraska, has a 43-101 inferred resource of about 0.5 billion kilograms of niobium. In addition, deposits of Rare Earth Elements have also been found at Quantum's 14-square-mile tract at Elk Creek.

The investment report cited demand for niobium in:

1.  High-strength steel for bridges, buildings, car bodies, oil and gas
    pipelines, railroad tracks, and ship's hulls.
2.  Super alloys used in the aerospace industry.
3.  'Green' technologies such as fuel cells, electric-hybrid engines.
4.  Permanent magnets used in MRI machines and wind turbines.
5.  TV screens, computer monitors, and other visual displays.

Only two companies now provide over 90 percent of the niobium to the world, the report said, in Brazil and Canada.

In addition to Elk Creek, Quantum has acquired prospective rare earth sites at Archie Lake, Saskatchewan, and two rare earth exploratory properties in the vicinity of Mount Weld, Australia.

Quantum Rare Earth Developments Corp., based in Vancouver, British Columbia, is a junior exploration company with a focus on seeking out potentially economic deposits of Niobium and Rare Earth Elements (REE) in North America and elsewhere in the world. Quantum has a strong management team developing the Elk Creek Carbonatite property, a project with a large NI43-101 compliant Niobium resource as well as substantial drill intercepts of Rare Earth Elements.

On Behalf of the Board,

Peter Dickie, President, CEO

Cautionary note: This report may contain forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has filed a National Instrument 43-101 report on the Archie Lake property, on the Elk Creek Carbonatite property, and intends to file additional NI 43-101 reports on additional properties as soon as the information is available. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as 'reserves' unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

'Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.'

Contacts:

Quantum Rare Earth Developments Corp.

Peter Dickie

President, CEO

(604) 568-7365

(604) 568-7506 (FAX)
www.QuantumRareEarth.com