Mr. James Clucas reports

SEARCH MINERALS ANNOUNCES RESIGNATION OF PRESIDENT & CEO AND EXECUTIVE VICE PRESIDENT

Search Minerals Inc.'s board of directors has accepted the resignations of its president and chief executive officer, Stephen Keith, and executive vice-president, corporate development, Alex Penha, effective July 28, 2014. Mr. Keith's and Mr. Penha's resignations follow the company's decision to restructure its corporate strategy to focus on its world-class Foxtrot project located in the Port Hope Simpson rare earth element district in southeast Labrador. The board has also accepted Mr. Keith's and Mr. Penha's resignations as directors of the company.

The board has appointed the chairman of Search Minerals, James (Jim) Clucas, to replace Mr. Keith as interim president and chief executive officer. Mr. Clucas will retain his position as chairman and a director of the company. Mr. Clucas was the president and chief executive officer of Search from September, 2009, until April, 2013. He has over 30 years of experience and expertise in mining exploration and has been involved in the development of several mineral deposits, including the Snow Lake mine (High River Gold Mines), Montana Tunnels (Pegasus Mining) and the Fenix project (HudBay Minerals Inc.). Mr. Clucas was the founder of International Nickel Ventures Inc., which acquired and developed the Santa Fe/Ipora nickel laterite deposit in Brazil.

On his appointment, Mr. Clucas stated: "The entire board joins me in thanking Stephen and Alex for their tireless efforts and wishes them the best for the future. I am pleased to be returning to my role as interim president and CEO of Search and to continue to bring Foxtrot, our flagship project with a positive and robust PEA and a relatively low capex, into development."

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