Exploration Properties Summary

Southern Norway Program
Tørdal and Evje-Iveland Properties (100% EMC Control)

Highlights- Southern Norway Program

• The Tørdal property (150 sq km) consists of numerous mineralized pegmatite dykes,
• Tørdal has potential for numerous mineral targets that include scandium, yttrium, tantalum, niobium, beryllium, zirconium, titanium, lithium, REE's and tin,
• Surface soil sample results, announced in August 2011, suggest scandium targets in the Heftetjern region, highlighted on the adjacent map, including one sample assaying 217 ppm scandium,
• The Evje-Iveland property (150 sq km), to the west of Tørdal, is understood to have a somewhat different geology, but its many pegmatite dykes are also prospective for scandium, REE's, and certain base metals, notably nickel,
• These two properties await a more significant exploration program during 2012, and
• EMC controls 100% of both properties.

Central Norway Program
Høgtuva Scandium/Beryllium Property

Highlights-Central Norway Exploration Program

• In Q4, 2011, EMC secured an option to acquire 100% of the Høgtuva scandium/beryllium property from REE Mining (Oslo),
• The lease covers an area of 80 sq km,
• The area has been extensively explored by the Norwegian Geological Survey (NGU) which included 72 core diamond drill holes covering 3,300 meters. Core and sample material is available at the NGU,
• The property has a historical resource of about 350,000 tons containing 0.5% BeO,
• Besides beryllium, various rare and specialty metals are also present,
• Initial metallurgical test work by the Norwegian University of Science and Technology (NTNU) suggests the resource is amenable to processing into a BeO concentrate by conventional techniques.

Initial work on this property will consist of further review of existing data and a small scale metallurgical test work program to confirm the NTNU findings on amenability of the resource to simple concentration techniques.

Utah (USA) Program
Fairfield Scandium Property

In Q3, 2011, EMC secured an option to earn a 100% interest in a patented mining claim and former scandium property, known as The Little Green Monster, near the town of Fairfield, Utah. The property represents a high-grade scandium phosphate exploration target, is the site of a historical small underground scandium mining operation, and has been a popular collecting site with hobbyists seeking rare and semi-precious phosphate minerals, including the scandium phosphate mineral kolbeckite.

Property Highlights

• Property is the site of brief scandium resource mining in 1950's,
• EMC has secured an option to acquire 100% of the property,
• EMC has staked 42 mining claims adjacent to the property, and
• Access to historic mine workings enables immediate sampling.

The property will require a select drilling program designed to explore for scandium minerals in the phosphate on the property, to be undertaken in 2012.