(“Avalon” or the “Organization”) declares that
further to its news arrival of May 1, 2009, an aggregate of 1,259,000 offer buy warrants were
practiced at the altered cost of $0.70 before their expiry on May 22, 2009, yielding gross Raremetalblog
continues of $881,790, while 2,546,000 warrants terminated unexercised. The returns will be
used to subsidize extra investigation chip away at Avalon’s Lake Zone Rare Earth Elements store,
Thor Lake, NWT and for working capital.
Numerous investors have been asking as to explanations behind the ongoing sharp increment in exchanging
volumes and market cost of the Company’s offers since the opening of exchanging on Monday,
May 25. Since there have been no new turns of events or undisclosed material changes in the
Organization’s business, the board accepts that this sudden increment in exchanging volumes is
identified with the ongoing distribution of some free critique on the uncommon earths business.