Namibia Rare Earths Inc. announces new shareholders

--  William E. Oberndorf, Prof John G (Jack) McDonald and William 
    L. Price acquire a 38% interest in Namibia Rare Earths 
HALIFAX, April 30, 2013 /CNW/ - Namibia Rare Earths Inc. ("Namibia Rare 
Earths" or the "Company") (TSX: NRE) (OTCQX: NMREF) is pleased to announce 
that William E. Oberndorf, Prof John G (Jack) McDonald and William L. Price 
have acquired an aggregate of 38% of the shares of Namibia Rare Earths 
pursuant to an agreement of purchase and sale with another shareholder. 
William E. Oberndorf is the Chairman of Oberndorf Enterprises LLC ("OEL"), 
which is a holding corporation for the Oberndorf family. Prior to the founding 
of OEL,, Mr. Oberndorf was a managing director and founding partner of SPO 
Partners and Company where he worked for 33 years before stepping down to form 
OEL in 2012. Mr. Oberndorf has had a long standing interest in investing in 
value based businesses with a natural resource orientation. He currently is a 
5 percent shareholder of Dominion Resources (formerly Harry Winston) and was a 
10 percent shareholder of Spartan Oil, which was acquired by Bonterra 
Resources earlier this year. OEL continues to hold its investment in Bonterra. 
Mr. Oberndorf has served as a corporate director of numerous publicly traded 
companies. Mr. Oberndorf is a graduate of Williams College and the Stanford 
Graduate School of Business. He resides in San Francisco, California where he 
serves as Chairman of the University of San Francisco Foundation Board and 
where he is involved in a number of other civic activities. 
Prof John G (Jack) McDonald is the Stanford Investors Professor in the 
Graduate School of Business at Stanford University, and a private investor. 
He has taught Investment Management, with a long-term fundamental value 
perspective, and Corporate Financial Management for 45 years in Stanford's MBA 
and Executive Programs. He has also taught at Harvard Business School and at 
Columbia in New York. Prof McDonald has served as a corporate director of 
many publicly listed companies, currently including Plum Creek Timber Co., the 
largest owner of timber lands within the United States. His grandfather 
emigrated from Scotland to Nova Scotia in the late 1800s. 
William L. Price is the former Chairman and Global Chief Investment Officer of 
Dresdner RCM Global Investors and CIO for equities at Allianz Dresdner RCM. 
Following his retirement in 2003, Mr. Price has been a private investor and 
CEO of the William L. Price Charitable Foundation. He has served as a 
corporate director of several publicly traded companies. A graduate of 
Dartmouth College and a Graduate Fellow (Political Science) at Brooklyn 
College, Mr. Price worked for the US Department of State before going to Wall 
Street as a securities analyst. He joined Rosenberg Capital Management in 
1976 and became Chairman and CEO in 1996. For fifteen of those years he was 
a guest lecturer at the Graduate School of Business at Stanford University. 
Mr. Price resides in Atherton, California. 
Gerald McConnell, CEO of Namibia Rare Earths stated, 
"We are delighted to welcome these new shareholders whose vision for the 
development of the Company's rare earth assets is aligned with the corporate 
strategy of our Board and Management. Their business credentials speak for 
themselves. We are very fortunate to have individuals of their calibre make a 
significant investment in Namibia Rare Earths. We look forward to working 
closely with these shareholders as we push forward with the development of our 
Lofdal heavy rare earth project which has the potential to become the first 
sustainable supply of heavy rare earths outside of China." 
About Namibia Rare Earths Inc. 
Namibia Rare Earths Inc. is developing a portfolio of mineral exploration 
projects in Namibia and is currently focused on the accelerated development of 
the Lofdal Rare Earths Project. The Company completed a CDN$28.75 million 
initial public offering and Toronto Stock Exchange listing in April, 2011 and 
is well funded to carry out its development program. The common shares of 
Namibia Rare Earths Inc. trade on the Toronto Stock Exchange under the symbol 
"NRE" and in the United States on the OTCQX International under the symbol 
No regulatory authority had approved or disapproved the adequacy or accuracy 
of this release. The foregoing information may contain forward-looking 
information relating to the future performance of Namibia Rare Earths Inc. 
Forward-looking information, specifically, that concerning future performance, 
is subject to certain risks and uncertainties, and actual results may differ 
materially. These risks and uncertainties are detailed from time to time in 
the Company's filings with the appropriate securities commissions. 
Namibia Rare Earths Inc. Don Burton, President Tel: +01 (902) 835-8760 Fax: 
+01 (902) 835-8761 Web  
Cowen Securities LLC (Principal American Liaison) OTCQX International Market 
(U.S.) Christopher Weekes / Stephen Nash Tel: +1 (212)-372-5766   
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ST: Nova Scotia
-0- Apr/30/2013 11:46 GMT
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