JULY 29/21 NEWS RELEASEJuly 23, 2021 Canada Rare Earth Acquires Rare Earth Trading Business to Augment Existing Momentum Vancouver, British Columbia: Canada Rare Earth Corp. (Canada Rare Earth or the Company) (TSX.V: LL) has entered into an agreement to acquire the rare earth trade aspects of business from TEC Commodities Limited (TEC), a private Hong Kong company. As a part of the ongoing initiatives to grow its rare earth centered trading business the Company has agreed, subject to regulatory approval, to acquire the relationships, contacts and ongoing business in the rare earth sector from TEC in exchange for one million (1,000,000) common