Mr. Peter Dickie reports

QUANTUM EXPANDS IR NETWORK

Quantum Rare Earth Developments Corp. has retained the services of Florida-based National Media Associates and Germany-based Sigorex Management GmbH as consultants to promote investor relations in the United States and Europe respectively.

About National Media Associates

Headed by George Duggan, NMA is a long-term media-relations specialist in the natural resource exploration sector. The company will pay NMA a monthly fee of $8,000 (U.S.) for the one-year term of the agreement, but has the right to cancel the agreement after the first six months of service and/or extend it beyond the initial term.

About Sigorex

Sigorex is a Germany-based investor relations company, whose managing director is Markus Kaempf. Sigorex's engagement is for a one-year term. In consideration for Sigorex's services, Quantum has agreed to pay an initial set-up fee of 15,000 euros and a monthly fee of 5,000 euros. Sigorex will assist in developing communications packages, organizing and making presentations, representing the company at trade shows, liaising with the investment community, introducing the management of the company to investors, and assisting in the presentation of information to those potential investors.

The company also announces the granting of incentive stock options to the above-noted parties as well as its directors, officers, consultants and employees, under its stock option plan, for the purchase of up to one million common shares of the company for a period of three years at a price of 50 cents per share.

"With the growing appetite for quality niobium and rare-earth-element projects, we feel strongly that the addition of these two quality organizations will help enhance the image and awareness of Quantum within the European and U.S. capital markets," states Peter Dickie, president and chief executive officer of Quantum.