Avalon Closes Public Offering for Gross Proceeds of $4 Million

27 May 2015

May 27, 2015

Toronto, Ontario--(Newsfile Corp. - May 27, 2015) - Avalon Rare Metals Inc. (TSX: AVL) (NYSE MKT: AVL) ("Avalon" or the "Company") is pleased to announce that it has closed its previously announced public offering (the "Offering") of flow-through common shares (the "Flow-Through Shares") and units (the "Units") as described in the Company's news release of April 29, 2015. The Offering has resulted in gross proceeds to the Company of $4.007 million.