Geomega intersects 1.44 % treo over 485.45 meters in hole mvl-11-06 at montviel, including 2.09 % treo over 111.15 meters

GEOMEGA RESOURCES INC. ("GéoMégA") (TSXV: GMA) is pleased to report the assay results from 3 drill holes extending the rare earth mineralization in the core zone to the north on section 2+00 West and to the south on section 5+00 West.

Hole MVL-11-06 (azimuth 323°, dip -55°; depth: 519 m) was collared 135 meters south of previously released hole MVL-11-03 (see press release dated February 14, 2011), on section 5+00 West. The hole intersected 1.44% total rare earth oxide (TREO) over its entire 485.45 meter core length from 33.35 meters to 519 meters, including 2.09% TREO over 111.15 meters from 368.3 meters to 479.45 meters. This is the longest intercept over 2% TREO to date. The hole ended in mineralization with 1.97% TREO over the last 16.4 meters from 502.6 meters to 519 meters.

Apella Wins Landmark Lac Dore Decision; Lac Dore Vanadium-Iron-Titanium Deposit

Apella Resources Inc. (TSX VENTURE: APA)(OTCQX: APAFF)(FRANKFURT: NWN) is very pleased to announce that the Quebec Court, Mines Tribunal, Administrative and Appeal Division, has rendered a judgment in favour of Apella Resources Inc. awarding Apella all nine mining claims which it was seeking in the Lac Dore Vanadium-Iron-Titanium deposit. Combined with the nine claims previously awarded to Apella by the Ministere des Ressources Naturelles et de La Faune ("MRNF"), Apella's claims cover approximately 95% of the original 100 Mt Lac Dore Vanadium-Iron-Titanium deposit held by the Province of Quebec as a crown asset for more than 40 years.

Energy Fuels Acquires Calliham Uranium/Vanadium Mine in Sage Plain Area of Utah

Energy Fuels Inc. (TSX: EFR) ("Energy Fuels" or the "Company"), an advanced uranium and vanadium development company announced today that the Company has acquired a mining lease (the Calliham lease) consisting of approximately 320 acres in San Juan County, Utah, from Nuvemco, LLC for consideration of 1,064,895 shares of Energy Fuels common stock. There is a historical mineral resource estimate on the property of 520,000 lbs. U3O8 and 3.5 million lbs. V2O5 based on drilling done by Atlas Minerals and Umetco Minerals in the late 1970s and 1980s (which pre-dates the adoption of NI 43-101). These drilling results were documented by Umetco Minerals Corp. (successor to Union Carbide Corp.) in a report prepared in 1991 and in the Company's possession. In the opinion of Energy Fuels' geologists, these estimates are relevant because of the proximity of the property to the Company's proposed Pinon Ridge Mill and very reliable, given that Umetco was a highly professional and successful producer in the region, actually producing from the Calliham Mine for several years.

Dundee Securities Initiates Coverage on Quest Rare Minerals Ltd.-Sets a Buy Recommendation With a 12-Month Target Price of $8.88

Quest Rare Minerals Ltd. (TSX VENTURE: QRM) is pleased to report that Dundee Securities Corporation initiated investment research coverage on the Corporation today. The author of the report, entitled "Canada's Best Heavy Rare Earth Opportunity," Mr. Rodney Cooper, Senior Analyst, Mining, initiated a BUY, Speculative Risk recommendation for QRM at a 12-month target price of $8.88. A full copy of the Dundee Analyst Report has been posted to the Quest Rare Minerals website homepage at http://www.questrareminerals.com/pdfs/QRM%20Initiating%20coverage.pdf for viewing.