Quantum Bolsters Board of Directors

  Quantum Rare Earth Developments Corp. (TSX VENTURE: QRE)(PINK SHEETS: QREDF)(FRANKFURT: BR3) ("Quantum", the "Company") is pleased to announce the addition of Mr. James Allan M.Sc. P.Eng, to the Company's Board of Directors.

Mr. Allan holds a BASc (Geological Engineering), from the University of British Columbia and a MSc (Geology, Engineering) from Queen's University. He is a Registered Professional Engineer, belonging to the Association of Professional Engineers, Geologists and Geophysicists of Alberta (APEGGA).

As a geological engineer, Mr. Allan has over 45 years of experience with several major mining and petroleum companies and as an independent consultant in mining exploration and exploration management, mineral property evaluation and mining geology. He has conducted and managed exploration and evaluation programs for a wide variety of mineral commodities in Canada, the United States, Latin America, the Philippines, Malaysia, Australia and the former Soviet Union including Russia.

Mr. Allan also has extensive experience in the exploration for, and evaluation of, rare earth deposits both as manager of exploration in Canada for a large rare earth company (Molycorp Canada) from 1982 to 1990 and as an independent consultant.

"We are extremely pleased to have Jim join us in our development of the Company's assets," states Peter Dickie, President and CEO of Quantum. "Jim's experience with Molycorp and knowledge of our Elk Creek acquisition will help bolster the team preparing to advance the project."

One of the first segments of his activities with the Company will be organizing and overseeing a complete compilation of all of the data from previous exploration work done by Molycorp on the Elk Creek Project in Nebraska. A site visit is currently being planned to the University of Nebraska where all the data and core is located in secure storage.

Mr. Allan replaces Patrick Morris who has resigned to pursue other ventures. The Board thanks Mr. Morris for his past contributions.

On Behalf of the Board,

Peter Dickie, President, CEO

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Contacts: Quantum Rare Earth Developments Corp. Peter Dickie President and CEO [phone] [phone] (FAX)