5 August 2015
August 5, 2015
Toronto, Ontario--(Newsfile Corp. - August 5, 2015) - Avalon Rare Metals Inc. (TSX: AVL) (NYSE MKT: AVL) (the "Company") has received a letter from NYSE MKT LLC ("NYSE MKT" or the "Exchange") dated July 30, 2015 which states that due to the Company's recent low selling share price, it has been deemed to be not in compliance with the continued listing standards of the Exchange. Pursuant to Section 1003(f)(v) of the Exchange's Company Guide, the Company's continued listing is contingent upon the Company effecting a share consolidation within a reasonable period of time or upon a sustained increase in its share price. A potential share consolidation, if required, will need to be approved by the Company's shareholders at the Company's next annual general meeting currently planned for February, 2016.