Macarthur Minerals Closes Private Placement to Rare Earth Minerals PLC

Macarthur Minerals Limited (TSX VENTURE: MMS) (the “Company” or “Macarthur Minerals”) is pleased to announce that it has closed the previously announced non-brokered private placement (the “Offering”) for aggregate gross proceeds of CAD$300,000 for 15,000,000 units (each, a “Unit”) at a price of CAD$0.02 per Unit (“Unit Price”) to Rare Earth Minerals Plc (AIM: REM, OTC: REMMY) (“Rare Earth Minerals”). The Unit Price is equal to the closing price of the Company’s TSX Venture Exchange listed shares on February 3, 2016, the date the Company announced the Offering.

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