Tantalus Rare Earths AG: Tantalus Rare Earths AG Reports Determination of the subscription price - EUR 20.00 -

Gruenwald (ots) -

- Cross Reference: Original press release is available at
http://www.presseportal.de/dokumente -

Tantalus Rare Earths AG Reports Determination of the subscription
price - EUR 20.00 -

- Not for release, publication or distribution in the United
States of America, Canada, Japan and Australia -

The subscription offer is directed exclusively to existing
shareholders of Tantalus Rare Earths AG Grünwald, Munich District
(DE000A1MMFF4 ISIN, WKN A1MMFF)

Determination of the subscription price

The Board, pursuant to the authorization in § 4 para 6 of the
Articles of Tantalus Rare Earths AG on 24 March 2013, with the
approval of the Supervisory Board given on the same date, will issue
up to 350,000 new no par value bearer shares of Eur 1.00 each by
utilizing the authorized capital of up to EUR 350,000.00 (the 'New
shares'). As from 1 January 2013, the New Shares will have dividend
rights. The shareholders will also be granted statutory subscription
rights. The ratio is six (6) existing shares to one (1) New Share.
The corresponding reference offer was made on 5 April 2013 and
published in the Federal Gazette.

In accordance with policies approved by the Board and with the
approval of the Supervisory Board, the price range per New Share was
Eur 20.00 to Eur 30.00. On 17 April 2013, the Board of the Company,
with the approval of the Supervisory Board given on the same day, has
set the subscription price for each New Share at

EUR 20.00

The purchase price for the exercise of subscription rights must be
paid by no later than the last day of the subscription period, that
is on 22 April 2013. Unexercised subscription rights are
automatically rendered worthless after the expiration of the
subscription period.

Grünwald, in April 2013

Tantalus Rare Earths AG the Board

For a copy of the note please visit our website:

http://www.tre-ag.com/

About Tantalus Rare Earth AG ('TRE')

TRE is a German incorporated holding company whose subsidiaries
are engaged in the exploration and development of rare earths. TRE's
shares are quoted on the 'Primarmarkt' of the Dusseldorf Stock
Exchange.

TRE's principal asset is an exploration project in north-western
Madagascar and comprises rare
earth-tantalum-niobium-zirconium-hafnium enriched dykes and sills and
rare earth element ('REE') bearing lateritic clays derived from the
weathering of underlying alkaline intrusives.

There are numerous indications that most of the alkaline intrusive
bodies within the concession are overlain by REE bearing lateritic
clays. TRE is therefore considering the whole area underlain by
alkaline intrusives (150 to 170 sq km) as prospective for secondary
REE mineralisation in the regolith.

The exploration programme aims to define the mineralisation
present on the concession towards a JORC compliant measured Resource
and support initiation of the staged technical and economic studies
which could lead to mine development and production.

Further inquiry note:
Juergen Schillinger, Chief executive Officer
Tantalus Rare Earths AG
Tel: +49 (0)89 693 960 66
Mobile: +49 (0) 151 115 489 06
Email: schillinger@tre-ag.com
www.tre-ag.com

David Rigoll, Director
Tel: +44 7500 068555
Email: rigoll@tre-ag.com