Announces Transition of Listing to the TSX Venture Exchange

Press Release

Namibia Rare Earths Inc.

Announces Transition of Listing to the TSX Venture

Exchange

Halifax, Nova Scotia June 22 , 2017 – 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 it s 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 30th and will commence trading on the TSXV at

the open of market on July 4th.

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 ac celerated development of the Lofdal Rare

Earths Project in Nambia.

For more information please contact -

Namibia Rare Earths Inc.

Don Burton, President

Tel: +01 (902) 835-8760

Fax: +01 (902) 835-8761

Email: [email protected]

Web site: www.NamibiaRareEarths.com

No regulatory authority had approved or disapproved the adequacy or accuracy of this release. The foregoing information may c ontain

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 wi th the appropriate securities commissions.

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