GMEL announced that it has finalised an agreement with Westrip Holdings (“Westrip”) and Rimbal Pty to complete the acquisition for the outstanding 39% of the exploration licence (EL 2010/02) that contains the Kvanefjeld, Sörensen and Zone 3 deposits, with an equity-based transaction.

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INVESTMENT ALERT – August 2012 www.ggg.gl
Greenland Minerals and Energy Ltd.
(A$ 0.39)
ASX : GGG
OTC.US : GDLNF
H+L prices (12 months) : A$ 0.732– 0.34
Net issued shares : 416.4 million
Fully diluted : 440.6 million
Market capitalization : A$ 160.3 million
Next price target: A$ 1.50
INVESTMENT ALERT
Greenland Minerals and Energy (“GMEL”)
finalises full ownership of
Kvanefjeld Multi-Element Project
► GMEL announced that it has finalised an agreement with Westrip Holdings (“Westrip”) and Rimbal
Pty to complete the acquisition for the outstanding 39% of the exploration licence (EL 2010/02) that
contains the Kvanefjeld, Sörensen and Zone 3 deposits, with an equity-based transaction.
In order to complete the transaction, GMEL was required under the original agreement (August 2011)
to pay A$ 39 million in cash to Westrip/Rimbal, in addition to issuing 7,825,000 shares, and 5 million
options exercised at A$ 1.50.
Under the new equity-based terms, the cash component of the agreement can be finalised through the
payment of A$ 5 million to Westrip/Rimbal, in addition to issuing 67 million ordinary shares in GMEL, priced at
A$ 0.45 per share.
The equity component of 7,825,000 shares from the original agreement remains, taking the total number of
shares issued to complete the transaction to 74,825,000.
The agreement is subject to shareholders approval with completion scheduled for 5 business days following
approval.
Rare Earth Elements Letter International 1 Special Situation – August 2012 Investment Alert

2. Post-finalization the shares issued in order to complete the acquisition of the outstanding 39% of the
Company’s core asset, the Kvanefjeld multi-element Project will represent 15.4% of the Company’s issued
capital (not inclusive of the required A$ 5 million cash payment).
The board of GMEL believes that the terms outlined above represent a highly favorable outcome, and one
that offers the least-dilutive path to finalizing the acquisition of the outstanding 39% of the Kvanefjeld Project.
The equity terms agreed upon by all parties reflect continued advances in the Kvanefjeld Project including the
introduction of a uranium-licencing framework for Kvanefjeld in late 2012, major resource expansions, and
strong outcomes of the Kvanefjeld pre-feasibility study released in May 2012.
GMEL is looking to make a decision on the preferred funding option to meet cash requirements in the coming
weeks. The Company is well advanced in pursuing a number of options.
The agreement outlined herein sees the cash required to complete the acquisition reduced from A$ 39 million
to A$ 5 million; a position that places GMEL in a considerably stronger position.
Importantly, the move to 100% ownership of the Kvanefjeld Project allows the Company to focus on
structuring investment opportunities for potential strategic partners to participate in the development of the
Project.
The Knavefjeld Project is the world’s largest undeveloped multi-element occurrence of uranium, REE and
zinc.
GMEL is featured as a Special Situation by REE Letter International (latest update June 2012).
For further information visit: www.ggg.gl
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KG Amsterdam, the Netherlands ● Marino G. Pieterse, Publisher and Editor ● Information and investment comments are independently and
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