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Rethinking rare earths, Medallion Resources' team of undisputed leaders in the rare-earth exploration industry has been examining the potential of large, low-cost sources that can provide significant near-term production and long-term supplies of rare-earths. The Company is now convinced that rare-earth sources almost totally ignored by others, mineral sand-based monazite deposits, are the only practical near-term solution to critical rare-earth supply issues. New rare-earth production from monazite can be developed relatively quickly and inexpensively since it is accessible in large quantities as a waste by-product of heavy mineral sand mining operations.

Medallion (TSXV:MDL; OTCQX:MLLOF; FSE:MRD) has 44,599,435 shares issued and outstanding.