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Corporate Presentation - Avalon Rare Metals

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China Dominates REE<br />

Production<br />

China currently produces<br />

over 95% of global REE<br />

supply<br />

China now imposing export<br />

quotas and tariffs on REE<br />

New non-Chinese supply<br />

sources needed to maintain<br />

balance<br />

Supplies of key HREE (Y,<br />

Dy, Tb) will remain tight<br />

Japan totally reliant on China<br />

for supplies<br />

Source: USGS<br />

Question: Is the USA willing to<br />

substitute its reliance on foreign<br />

sources of oil for a reliance on a<br />

single foreign source of REE<br />

TSX:AVL<br />

OTCQX:AVARF www.avalonraremetals.com 9

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