Ark Mines Ltd. provided this update on its 100%-owned `Sandy Mitchell' Rare Earths Project located in North Queensland, acquired in early March. AHK's priority since acquiring the project has been to secure and review all historical data. Initial reports reviewed include those produced by JOGMEC which confirms that Sandy Mitchell's Rare Earths contain significant levels of Neodymium-Praseodymium (NdPr).

Neodymium-Praseodymium (NdPr) are two critical rare earth elements integral to the manufacture of rare earth permanent magnets. Rare earth permanent magnets are used in electric vehicles, wind turbines and advanced weapon systems. The presence of heavy minerals such as Ilmenite, Rutile, Titanium and Zircon are also evident from the reports which significantly adds to the commercial appeal of the project. JOGMEC undertook a sampling and mineralogical investigation of a mineral sand sample using QEMSCAN particle mineral analysis methods which shows the project will be simply beneficiated by gravity processes.

The samples were taken as a bulk sample and then panned. Ark is now fast-tracking a planned infill drilling program with further details to be announced shortly. As well, the Company will undertake its own metallurgical test work and gravity separation testing to confirm that Sandy Mitchell's material is amenable to panning a concentrate and a commercial low-cost, fast start up gravity separation processing operation can be developed.