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File: CRECNRFEB20.docx

February 20, 2019


Canada Rare Earth to Issue Shares for Debt

Canada Rare Earth Corp. ("Canada Rare Earth" or the "Company") (TSX.V: LL) announces that, subject to approval from th
--->e TSX Venture Exchange (the "Exchange"), it will be settling $223,200 of debt by issuing 4,464,000 shares at a deemed 
--->price of $.05 per share. 

All securities issued will be subject to a four-month hold period.

On behalf of the Board
Tracy A. Moore, CEO and Peter Shearing, COO 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-looking statements in t
--->his release are made pursuant to the 'safe harbour' provisions of the Private Securities Litigation Reform act of 1995
--->. Investors are cautioned that such forward-looking statements involve risks and uncertainties.
For more information on the Company, interested parties should review the Company's filings that are available at www.
--->sedar.com. 
FOR FURTHER INFORMATION PLEASE CONTACT:
Tracy A. Moore
Chief Executive Officer
tmoore@canadarareearth.com
 Peter Shearing
Chief Operating Officer 
pshearing@canadarareearth.com
 
 Tel: (604) 638-8886
Website:  www.canadarareearth.com