Ucore Provides Operational Update on Bokan

Ucore Rare Metals Inc (TSX VENTURE:UCU) (OTCQX:UURAF) ("Ucore" or "the Company")
is pleased to provide the following update on operational activities in progress
on the Bokan - Dotson Ridge Project in South East Alaska (Bokan).


Ucore has contracted with SRK Consulting of Vancouver, BC, to compile baseline
data and qualitative results from ongoing engineering studies to produce a
formal Plan of Operations (PoO) for the Bokan Project. The PoO will be submitted
to the United States Forest Service to facilitate delivery of an Environmental
Impact Statement (EIS) and initiate the review process set out in the National
Environmental Policy Act (NEPA). 


The collection of baseline water samples, commenced in 2012, continues on site.
A meteorological station is under construction to collect weather data required
for the permitting process. Representative samples of drill core have been
selected to initiate kinetic testing required to support state and federal
permitting initiatives. Barrel tests containing samples of sorted rock have been
installed on site in order to assess water quality runoff for the planned Rock
Management Facility (RMF). The RMF will contain rock rejected from the X-Ray
sorting equipment planned for the Bokan operation (see Ucore press releases:
June 25, 2013 and March 6, 2012). 


Ucore additionally reports that two drills are now in operation at the site. The
smaller of the two rigs is committed to infill drilling for the purpose of
upgrading the existing Inferred resource to the Indicated category under NI
43-101 guidelines. The larger of the two rigs will drill multiple deep holes
with the goal of expanding the existing Bokan-Dotson Ridge resource at further
depth. The larger rig will additionally drill a number of geotech holes and
groundwater monitoring wells to obtain supplementary data for use in the
engineering and permitting of the project. The comprehensive field program,
including all sampling, testing and drill work is being supervised by Project
Manager Jim Robinson, P. Geo., of Aurora Geosciences, Juneau, Alaska. 


In addition to the aforementioned field work, metallurgical test work is now
underway at Hazen Research of Denver, Colorado. This testing has the objective
of optimizing the process flowsheet already set out in Ucore's Preliminary
Economic Assessment (see Ucore press release dated January 15, 2013). The
finalized flowsheet will form the basis of the Bokan pilot plant scheduled for
later this year. The results of the pilot plant testing, together with the above
noted drill program, will be incorporated into the Bokan Feasibility Study,
scheduled for delivery in 2015.


Ucore continues to emphasize local employment and business opportunities
wherever possible. The Prince of Wales Tribal Enterprise Consortium (POWTEC) has
provided five personnel for the 2014 drill program using locally sourced
employees. Aurora Geosciences is providing five local personnel for project
management and technical services. Remote Made Easy of Ketchikan, Alaska, is
providing full-time expediting services, fuel and material supplies, and casual
labor on an on-call basis. In addition, Tyler Rental from Ketchikan is providing
ancillary equipment on a contract basis. 


"The summer of 2014 is an exceptionally busy time for Ucore", said Ken Collison,
COO of Ucore. "Our Bokan - Dotson Ridge project continues to progress quickly
with the support of permitting agencies at a federal and state level. We're
particularly pleased to see our plan to ensure that Ucore and our contractors
provide local employment is being carried out."


"Ucore is delighted to provide this operational update for our shareholders.
Very few heavy rare earth projects in the world are undertaking such an advanced
level of development, permitting and field operations in 2014", said Jim
McKenzie, President and CEO of Ucore. "Ucore is increasingly a stand-alone story
as the prospective go-to for supermetals critically required in US military,
green-tech and high tech arenas."


About Ucore Rare Metals Inc.

Ucore Rare Metals Inc. is a development-phase mining company focused on
establishing rare metal resources with near term production potential. With
multiple projects across North America, Ucore's primary focus is the 100% owned
Bokan - Dotson Ridge REE property in Alaska. The Bokan - Dotson Ridge REE
project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of
Prince Rupert, British Columbia and has direct ocean access to the western
seaboard and the Pacific Rim, a significant advantage in developing near term
production facilities and limiting the capital costs associated with mine
construction.


Ken Collison, COO of Ucore, has reviewed the technical data contained in this
press release and is the qualified person responsible for its accuracy.


This press release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address future exploration drilling,
exploration activities, development timelines, and events or developments that
the Company expects, are forward looking statements. Although the Company
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those
in forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include exploitation and
exploration successes, continued availability of financing, and general
economic, market or business conditions.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ucore Rare Metals Inc.
Mr. Jim McKenzie
President and Chief Executive Officer
(902) 482-5214
www.ucore.com
Ucore Rare Metals (TSXV:UCU)
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