Namibia Rare Earths Inc. announced that William L. Price has joined the Board of Directors of Namibia Rare Earths. William L. Price is the former Chairman and Global Chief Investment Officer of Dresdner RCM Global Investors and CIO for equities at Allianz Dresdner RCM. Following his retirement in 2003, Mr. Price has been a private investor and CEO of the William L. Price Charitable Foundation.

He has served as a corporate director of several publicly traded companies. The company also announced that Greg Johnson has stepped down from the Board of the company effective immediately.