Change of Board Members at Tantalus Rare Earths AG, Appointment of Andre Klupsch

Tantalus Rare Earths AG / Change of Personnel

18.05.2010 15:49

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Change of Board Members at Tantalus Rare Earths AG, Appointment of Andre
Klupsch

(Düsseldorf, 2009/05/18)

Tantalus Rare Earths AG, with its 300km² Rare Earth project in Northern
Madagascar, announces today a change of board members effective on May
15th, 2010. Peter Küsters is resigning on said date and simultaneously the
supervisory board is appointing Andre Klupsch, lawyer, to the board.

Mr. Küsters advanced the set up of the company and coordinated the stock
exchange listing in January of this year as well as the preceding corporate
actions. Mr. Küsters recently informed the supervisory board and his fellow
board members of his plans to resign and is now preparing a seamless
transition to his successor.

The company wishes to thank Mr. Peter Küsters for the successful
collaboration and wants to wish him well for his professional future.

Furthermore, the company announces today that the supervisory board
unanimously appointed Mr. Andre Klupsch, lawyer, to the board of Tantalus
Rare Earths AG.

Mr. Klupsch completed his studies of law, with an emphasis on business law,
at the university in Osnabrück. During his legal traineeship he was working
for one of the leading Australian law firms, Corrs Chambers Westgarth, in
Perth, where he could establish an initial connection to the mining
business. In addition to it, Mr. Klupsch is a supervisory board member of
various medium-sized companies and served as a legal advisor for a stock
exchange listed, medium-sized company in the past.

As of now, Mr. Klupsch as an additional board member (CAO, Chief
Administrative Officer), together with the CEO, Mr. Stephen Forman,
appointed in April, and the COO Wolfgang Hampel, will conduct the company's
business.



About Tantalus Rare Earths AG

The mission of Tantalus Rare Earths AG is the identification and
development of rare earth exploration and mining projects outside from
China, mainly focusing on Africa. Administratively, Tantalus Rare Earths AG
is located in Düsseldorf, Germany. Currently, the investment portfolio
consists of 100 % of the Tantalus Rare Earths Project in Madagascar.


Tantalus Rare Earths AG
Berliner Allee 12
40212 Düsseldorf
Germany
Phone: +49 (0)211 52391 430
Fax: +49 (0)211 52391 200
e-Mail: contact@tre-ag.com
Internet: http://www.tre-ag.com/


18.05.2010 Ad hoc announcement, Financial News and Media Release
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