Standard & Poor's Announces Changes in the S&P/TSX Venture Composite Index

TORONTO, May 25, 2011 /CNW/ - Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Thursday, May 26, 2011:

• Rare Element Resources Ltd. (TSXVN:RES) will be removed from the index. The company will graduate to trade on TSX under the same ticker symbol. Rare Element will remain a constituent of the S&P/TSX Venture 30 Index until the next index rebalancing at the end of July, 2011.

Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.

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S&P Indices, a part of McGraw-Hill Financial, is the world's leading index provider maintaining a wide variety of investable and benchmark indices. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely-watched commodities index and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.

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