Canada Rare Earth Corp. and its co-investors in the jointly held property in the Bom Futuro area of Brazil (the Property), have agreed to appoint the Company as Operating Manager. The Company will have full management control over the project to lead, develop, finance, and operate the 9,960 hectares that is proven to contain cassiterite and known to contain additional valuable minerals including rare earths, zircon, ilmenite, tungsten, and iron.