Namibia Rare Earths Inc. Announces Transition of Listing to the TSX Venture Exchange

HALIFAX, June 22, 2017 /CNW/ - Further to the press release of Namibia Rare Earths Inc. ("Namibia Rare Earths" or the "Company") (TSX: NRE) dated April 7, 2017, the Company has now received all necessary approvals to transition its listing from the TSX to the TSX Venture Exchange ("TSXV"). The common shares of the Company will be delisted from the TSX at the close of market on June 30^th and will commence trading on the TSXV at the open of market on July 4^th.

The transfer of the listing will provide continued trading liquidity for shareholders on a recognized trading platform and result in lower listing costs for the Company. The Company will continue to trade under the symbol "NRE" and no action is required by shareholders.

About Namibia Rare Earths Inc.

Namibia Rare Earths Inc. is focused on the accelerated development of the Lofdal Rare Earths Project in Nambia.

Web site: www.NamibiaRareEarths.com

No regulatory authority had approved or disapproved the adequacy or accuracy of this release. The foregoing information may contain forward-looking information relating to the future performance of Namibia Rare Earths Inc. Forward-looking information, specifically, that concerning future performance, is subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate securities commissions.

SOURCE Namibia Rare Earths Inc.