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Corporate Presentation - Avalon Rare Metals

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Nechalacho REE Deposit:<br />

Current Work Program<br />

2007: Scoping study and $16 million financing<br />

2008: Delineation drilling programs 16,640 metres, 85 holes<br />

2009: Definition drilling 10,000 metres, 45 holes (in progress)<br />

Metallurgical, environmental and market studies<br />

New 43-101 resource estimate in January 2009<br />

Accumulating data required to complete PFS by Spring 2010<br />

2009: $4-5 million budget<br />

Updated resource<br />

Metallurgical process<br />

flowsheet defined<br />

Community engagement<br />

$17.5 million financing<br />

TSX:AVL<br />

OTCQX:AVARF www.avalonraremetals.com 18

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