Rare Earth Metals Inc. Outlines a Number of Heavy Rare Earth Targets on Its Dory Pond Area, Red Wine Property

THUNDER BAY, ONTARIO--(Marketwire - Nov. 8, 2011) - Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company") (TSX VENTURE:RA)(PINK SHEETS:RAREF)(OTCQX:RAREF) is pleased to report that final results have been received from its summer exploration program on the B3N/Dory Pond area of the Company's Red Wine Property in Central Labrador. Final results have now been received for the Dory Pond area drilling, prospecting and soil geochemistry surveys. The bulk of the Red Wine work was carried out on the Two Tom Deposit, located 30 km east of Dory Pond, where a 43-101 compliant resource is expected to be calculated by year end once the final drill assays are received.

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