Canada's rareearths may-2012

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GreenLight Resources Rare Earth Property is the Porcupine Property located in Central New Brunswick. Recently is was announced that EX.p has entered into an a JV agreement with GR.v

The Report, prepared for the Company by Ralph Stea, Ph.D., P.Geo. of Halifax, NS provides the first comprehensive description of the geology and compilation of available information pertaining to the economic potential on the 3,440 acre property located in Northumberland County, New Brunswick. Chris Anderson, President, states "After expending approximately $140,000 in initial exploration, this comprehensive report confirms the project's merits. With detailed recommendations to expend a additional $230,000 in phase one for further exploration on this project we are optimistic that GreenLight will attract its first joint venture partner. This is our initial step in leveraging GreenLight’s ability to find and advance properties of merit in Atlantic Canada. GreenLight is taking this approach in order to enhance shareholder value and assist in offsetting the expense of building and expanding an early stage exploration team to continue exploring Atlantic Canada. Challenging times require creative solutions and this is one approach we are taking, while advancing our main assets through the drilling stage in attempts to building a resource. "

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