aussie run german co and russian tantalum read, page-2

http://www.tre-ag.com/en/company_profile.php



Tantalus announces extension of supervisory board
(Dsseldorf, Germany, 08/25/2010)
Tantalus Rare Earths AG of Dsseldorf, Germany, with its 300km Rare Earth project in
Northern Madagascar, announces today the appointment three new members to its
supervisory board, namely Mr. Jack Lifton, Mr. Benoit M. Violette and Mr. Ben Paton.
The new members will join the existing board members and will add comprehensive
experience in their respective fields to the company.
Mr. Jack Lifton is one of the leading experts on technology metals, including rare
earths, lithium and rare metals in general. Mr. Lifton is a renowned consultant, lecturer
and author of many leading articles in this field. With his background as a physical
chemist, specializing in high temperature metallurgy, he started out as researcher
before moving to marketing and manufacturing executive positions. Mr. Lifton has been
involved in the industry for over 48 years and is now utilizing his experience by
consulting to global OEMs and institutional investors. He also frequently appears as an
invited guest speaker at leading industry conferences worldwide.
Mr. Benoit M. Violette will join the board in his capacity as a professional geologist with
extensive experience in generating, financing and managing exploration projects for a
wide range of mineral commodities worldwide, including projects in Africa and Canada.
Mr. Violette is a member of the Ordre des Gologues du Qubec and holds a BSc.
honours degree in Geology from the University of Ottawa.
Mr. Ben Paton is a fund manager specializing in European and Emerging Market Smaller
companies. He was the lead fund manager for Fidelitys International Small Cap Fund
which grew to total funds under management of approximately USD $3bn in 2008. Mr
Paton brings broad experience of investing in the resources sector and early stage
projects. He is a London Business School MBA graduate and a qualified Chartered
Accountant. His financial background as a successful fund manager and his experience
in deal structuring and coordinating financings will be of great value to the company in
the future.
The company is excited to have attracted such excellent talent to its supervisory board.
The board with its extensive experience will provide immeasurable guidance to our
management and direction of the company, states Stephen Forman, CEO of Tantalus
Rare Earths AG.
In other developments, the companys 40,000m diamond core drilling program has
started in July. The present drill rate is approximately 200m per week; two more drill
rigs are presently awaiting customs clearance. They are expected on site by mid-
September. The first phase of the drilling program concentrates on the main vein hosted
rare earth mineralization along the coast plus its southern and north-western
extensions. The initial drill grid is 100m by 400m, in its final phase the mineralization
will be drilled on 50m centers.