Mr. Al Shefsky reports

PELE MOUNTAIN APPOINTS MARTIN S. COOPER AS VICE PRESIDENT OF ABORIGINAL AFFAIRS

Pele Mountain Resources Inc. has appointed Martin S. Cooper to the position of vice-president of aboriginal affairs.

Mr. Cooper is a professional archeologist with over 30 years of experience in the area of aboriginal cultural heritage and engagement. He is a partner and senior archeologist with Archaeological Services Inc., one of the largest cultural heritage firms in Canada. Mr. Cooper has been a director of Pele Mountain Resources for the past 18 years, where he has managed Pele's aboriginal engagement and land management programs.

Al Shefsky, president of Pele, stated, "The appointment of Mr. Cooper to the position of vice-president of aboriginal affairs highlights Pele's commitment to effective and meaningful engagement with aboriginal communities as Pele advances its early-to-market, critical-rare-earth strategy in Elliot Lake."

Mr. Cooper has been instrumental in establishing Pele's corporate culture of respect for inherent and treaty rights. Pele understands and recognizes the principles of sharing and mutual benefit as envisioned in the 1850 Robinson Huron Treaty as a basis for collaboration on sustainable development in the territory.

In keeping with the modernization of the Mining Act and the spirit of the treaty, Pele believes the time has come to acknowledge first nation jurisdiction as it relates to sustainable development in the territory. Accordingly, Pele welcomes the invitation to engage in the Serpent River First Nation environmental review panel process.

Following a recent round-table discussion on sustainable development in the territory, which included Pele's participation, Chief Isadore Day, Wiindawtegowinini of Serpent River First Nation stated: "Our vision is to move forward together in the territory and to ensure that economic development advances in a way that safeguards the environment and delivers benefits that can support a good life for our people. Our treaty with the Crown remains sacred."

Pele is collaborating with all levels of government, local first nations, companies in the private sector and academia to advance the sustainable development of an early-to-market, critical-rare-earth supply chain in Elliot Lake.