Mr. Al Shefsky reports

PELE MOUNTAIN ENTERS INTO ACCESS AGREEMENT TO SAMPLE ELLIOT LAKE MINE TAILINGS FOR RARE EARTHS

Pele Mountain Resources Inc. has entered into an access agreement with Rio Algom Ltd. (RAL) granting Pele the right, at its cost, to access and take samples from one or more of RAL's Elliot Lake, Ont., tailings management areas, to test primarily for rare earths. Both federal and provincial regulators are aware that the sampling of the tailings is being undertaken by Pele, which is bound by a confidentiality agreement, and all next steps, if any, will follow all required public consultation and regulatory requirements.

We seek Safe Harbor.