HALIFAX, NOVA SCOTIA--(Marketwire - Jan. 23, 2012) - Ucore Rare Metals Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or "the Company") is pleased to announce finalized assay results from the 2011 drill program at the Bokan-Dotson Ridge rare earth element (REE) project in southeast Alaska. The 2011 drill program produced a total of 10,112 metres of core from 34 diamond drill holes. The data will be used to upgrade the status of the existing National Instrument (NI) 43-101 compliant resources from Inferred to Indicated and to increase the size of the existing mineral resources at Dotson Ridge. Together with the previous Ucore drill programs from 2007 to 2010, the Company has now completed 134 drill holes in total, comprising 19,662 meters of core at the Bokan property.

A map showing the location of the drill holes reported in this press release can be accessed on the Company's website (http://ucore.com/2011drillholes).

The following table summarizes significant intersected values from 27 out of 34 holes completed in 2011.

2011 Assay Drill Core Results


Hole
Depth
From(m)
Depth
to(m)
Width
(m)
LREO
(wt.%)
HREO
(wt.%)
TREO
(wt.%)
HREO/TREO
(%)
LM11-92 151.93 153.72 1.79 0.53 0.52 1.04 50
LM11-92 167.36 171.1 3.08 0.27 0.15 0.42 36
LM11-92 179.27 181.67 2.4 0.32 0.20 0.51 38
LM11-101 154.63 156.65 2.02 0.59 0.20 0.79 25
LM11-103