RARE EARTHS, SPECIALITY& STRATEGIC METALSINVESTMENT SUMMIT

IRONMONGERS’ HALL, CITY OF LONDON ● THURSDAY, 17 MAR 2011www.ObjectiveCapitalConferences.com

Niobium in the American heartlandPeter Dickie – CEO, Quantum Rare Earth Devs

Corporate Developments2011

March - 2011

Disclaimer

This presentation includes projects the Company has acquired in addition to other projectswhich the Company is in the process of acquiring.

Some of the statements and financial projections contained in the following material areforward-looking statements and not statements of facts. Such statements are based oninformation currently available and have not yet been verified by an independent QualifiedPerson.

The statements that are not historical facts are forward-looking statements involving knownand unknown risks and uncertainties that could cause actual results to vary materially fromtargeted results. Such risks and uncertainties include those described from time to time inthe corporations latest annual and quarterly reports and management discussion andanalysis. The corporation assumes no obligation to publicly update any forward-lookingstatement, whether as result of new information, future events or otherwise.

Where there is a historical resource estimate provided readers are cautioned that theCompany has not yet completed the work necessary to verify the classification of theresources and is not treating the resource figure as a NI 43-101 defined resource verified bya Qualified Person at this time and therefore the resource figures should not be relied uponby investors.

About Quantum• Quantum Rare Earth Developments is an exploration company with a

focus on identification and acquisition of potentially economic deposits

of niobium and rare earth elements in North America and elsewhere in

the world.

• Quantum’s premier project is the Elk Creek Carbonatite in Nebraska.

This project is considered more advanced due to development in the

1970’s and 1980’s including over 100 drill holes by Molycorp. The

primary focus of this property is niobium, with substantial intercepts

of both rare earth elements and phosphate also encountered.

• Archie Lake, Saskatchewan, is a rare earth exploration play with

excellent surface results, with exploration underway

• In Australia, Quantum has acquired two exploratory rare earth

projects in the vicinity of Mount Weld.

Why Niobium?• High Strength Low Alloy (HSLA) steel

• Superalloys used in the aerospace industry

• “Green” technologies

• U.S. imports 100% of supply

• Niobium is considered a “strategic metal” by U.S.

Niobium Market• Worldwide demand has grown from under 30,000 tons to almost

80,000 tons in the past 7 years.

• Only 10% of worldwide steel production contains niobium –expected to rise to as much as 20%

• Developed countries utilize roughly 100 g/t of steel - while China only utilizes 40 g/t

• China produces almost 40% of world steel, but currently consume a much smaller percentage of world Niobium production than their steel production would suggest, but they are expected to grow their Niobium consumption to match steel production

• The industry is very profitable! Iamgold reports an operating margin of $19-21/kg on a sale price in the low $30’s per kg! CBMM (Brazil – private) reportedly earns over $1 billion per year!

Elk Creek CarbonatiteElk Creek, Nebraska

Nebraska• Stable mining regulations• Excellent infrastructure

Elk Creek CarbonatiteMineralization –

Niobium and Rare-Earths Niobium (Nb2O5) Highlights:(released February 22, 2011)-EC-11:

•71.6m @ 1.19%-EC-16:

•67.1m @ 0.91%- EC-29:

•201.2m @ 0.99% - EC-30:

•36.6m @ 1.12%

Rare Earth (REO) Highlights:(released March 7, 2011)•EC-93:

•155.5m @ 2.70% •incl. 54.9m @ 3.30%

•(historic) EC-53:•192 m @ 1.31%•incl. 33.5 m @ 2.09

•(historic) EC-43:•12.2 m @ 2.83%

7 Kilometres39.4 million tons of 0.82% Nb2O5 and is open to the north, west and at depth

Elk Creek CarbonatiteComparison - NIOBEC MINE, Quebec

NIOBEC MINE43-101 Proven & Probable Reserves:32 Mt @ 0.56% Nb2O51

•Niobium hosted within pyrochlore

•4 kilometre alkaline intrusive complex

•Underground mining

•1as reported 31/12/09

ELK CREEKHistoric Reported Resource :39.4 Mt @ 0.82% Nb2O5

2

•Niobium hosted within pyrochlore

•7 kilometre alkaline intrusive complex

•Will be underground mining

•Also has potential to host “mega-tonnages” of Lanthanides 3

•2Molycorp internal memo 05/02/86 not 43-101 compliant•3Molycorp internal memo 30/03/84 not 43-101 compliant

Elk Creek CarbonatiteProject Status and Potential• Historic resource estimate

• 39.4 million tons of 0.82% Nb2O5 and is open to the north, west and at depth (Molycorp Inc. internal memorandum, Feb 05/1986). Not 43-101 compliant

• Several Rare-Earth zones• Molycorp completed over 150,000 ft of drilling – all core and data is available

• NI 43-101 historic report is complete – Wardrop currently completing new 43-101 resource report (Q1, 2011) using re-assays of historic core

• Main Niobium zone is open to North, West and at Depth• Several additional zones need further exploration, which could dramatically increase tonnage

• Rare Earth zones yet to be fully explored or drilled

• Phosphate zones to be further tested

Elk Creek CarbonatiteElk Creek – What’s next?• Complete historic data compilation and digitizing;

• Complete re-assaying of core to provide:• a modern resource calculation;• define drill targets for resource confirmation and expansion;• approximately 1/3 of Molycorp niobium zone core is currently being re-assayed – results in February, 2011.

• Explore secondary drill targets for REE potential;

• Continue to assemble the technical team for long term development of the project.

Why Rare Earths?• “Green” technologies such as fuel cells and electric-hybrid

vehicles, wind mills

• Permanent magnets, television screens, computer monitors, and other visual displays

• U.S. is virtually a 100% importer, and funds are being sought to develop domestic sources

• China produces over 97% of the world's rare earths, and are continually cutting back on exports – a further 35% cutback from 2010 exports recently announced

• Over $1 billion dollar industry, rapidly growing with technological advances

Archie Lake, Sask.

2009 & 2010 ExplorationArchie Lake, Saskatchewan

• 2009 - Mineralization confirmed in all trenches, with chip samples up to 29.9% REE+Y, and an overall average of 3.8% for the 36 samples

• 2009 - A total of 18 samples exceed 2% REE+Y, of which six exceed 5% REE+Y and three exceed 10% REE+Y.

• 2010 – Property wide aero-mag and extensive ground program recently completed, indicates strong possibility of additional parallel targets

• 2011 – First Time drill program to begin shortly following compilation of results

• Outcrop traced for 600 meters on surface, 5 to 6 meters in width

• Meta-sedimentary horizon believed to be of paleoplacerorigin

Sample 38395 29.9% REE+Y

• Jungle Well project 150km west of Mt. Weld• Laverton Projects 45 km’s north of Mt. Weld• Collectively, the projects represent an area of approximately 17,000 ha.

Australian Acquisition

Jungle Wells• Evaluated for diamonds in 1990’s, • During 2007, a trench sampling programme

identified significant REE values from an exposed dyke of 6.9% and 8% REE.

• 2009 follow up sampling produced results of 5.7% and 8.3% REE.

• The Laverton Rare Earth Project is located 45km north of Mt Weld and has two untested circular magnetic features.

• Its important to note that rare earth mineralization occurs in residual regolith over a carbonatite plug at Mt Weld.

• Carbonatite veins occur up to 5km from the main plug at Mt Weld which is surrounded by a 500 metre radius annulus of alkali metasomatism comprising alkali feldspar and biotite.

Laverton

• Peter Dickie - President, CEO and Director

• Mr. Dickie brings over 20 years of business experience with both public and private companiesholding numerous senior management positions. A graduate of both the University of BritishColumbia, and the University of Victoria (B.C.), his background includes 4 years in theSecurities industry with Jones, Gable & Co. Currently, he sits on the board of several publiccompanies in a fiscal and management advisory capacity.

• James Allan, M.Sc. P.Eng - Director

• Mr. Allan holds a BASc (Geological Engineering), from the University of British Columbia and aMSc (Geology, Engineering) from Queen’s University. He is a Registered Professional Engineer,belonging to the Association of Professional Engineers, Geologists and Geophysicists of Alberta(APEGGA). As a geological engineer, Mr. Allan has over 45 years of experience with severalmajor mining and petroleum companies and as an independent consultant in miningexploration and exploration management, mineral property evaluation and mining geology.He has conducted and managed exploration and evaluation programs for a wide variety ofmineral commodities in Canada, the United States, Latin America, the Philippines, Malaysia,Australia and the former Soviet Union including Russia. Mr. Allan also has extensiveexperience in the exploration for, and evaluation of, rare earth deposits both as manager ofexploration in Canada for a large rare earth company (Molycorp Canada) from 1982 to 1990and as an independent consultant.

Management and Board of Directors

• Mr. Claude Dufresne – Technical Advisor

• Mr. Dufresne, Ing., graduated with a Bachelors degree in Mining Engineering from Laval University in 1991. Following his graduation, Mr. Dufresne started working with Cambior as a metallurgist. In 1996, he was transferred to Cambior's largest operation, Omai Gold Mines Ltd., located in Guyana, S.A before been promoted to Marketing Manager. After Cambior's acquisition by Iamgold Corp, Mr. Dufresne collaborated with Iamgold's Corporate Development group while continuing with its Sales & Marketing activities, which included niobium and bauxite. In January 2008, Mr. Dufresne started Camet Metallurgy Inc, a joint venture company with Iamgold, which is responsible for the worldwide Sales and Marketing of Iamgold's niobium from the Niobec mine. Mr Dufresne is a member of the Ordre des Ingenieurs du Quebec, and of the Tantalum & Niobium International Study Center (TIC).

• Jody Dahrouge, P.Geo - Director

• Mr. Dahrouge is a graduate of the University of Alberta with a Bachelors Degree in Science (Geology). Since 1998, he has been the President of Dahrouge Geological Consulting Ltd. a company he founded. He has worked on a variety of early stage through development projects worldwide including coal, industrial minerals, rare metals, base and precious metals, and uranium projects. His experience, insight and energy will provide tremendous value in the development of the Elk Creek and Archie Lake projects.

• James McCrea, P.Geo - Director

• Mr. McCrea has more than 20 years experience in exploration and mining geology, and 15 yearsexperience in mineral resource estimation. Jim’s experience was gained through working for juniormining/exploration companies and engineering companies SRK and Snowden. His geological expertiseranges from technical review and due diligence to resource estimation and feasibility studies. Jim hasexperience in a range of commodities, but primarily gold, silver and copper, in a variety of geographicsettings around the world with particular focus on Central and S. America. Having performed ore bodymodeling and resource estimation for the successfully targeted take over company CumberlandResources Ltd. by Agnico-Eagle Mines Ltd. and more recently Mr. McCrea has completed mineralresource estimations underpinning ongoing or future feasibility studies for companies such as SilverStandard Resources Inc. and Candente Resource Corp. to mention but a few.

Management and Board of Directors

Management and Board of Directors• Erin Chutter – Director

• Mrs. Chutter is the President and Founder of Puget Ventures Inc., a TSXV listed mineralexploration company advancing the Werner Lake Cobalt Mine in Ontario, Canada. She isalso a founder and director of two private companies. Active in politics since the late1980s, Erin has managed and advised campaigns at three levels of government, as well asparty leadership races. She has also served on staff to federal and provincial ministers andleaders. Currently, she also serves on the national board of the Canadian Taxpayer’sFederation and the Macdonald Laurier Institute. She appears often as a politicalcommentator on television and radio, including weekly on the heated Monday morningpolitical panel on CBC Early Edition and regularly on the new website, www.citycaucus.com.

• Mitchell Adam - Director and Secretary

• Mr. Adam is President of MGA Capital Corp., a company which provides managementconsulting, corporate finance and investor relations services to public and privatecompanies. Mr. Adam attended undergraduate studies at Simon Fraser University and in1989 completed the Canadian Securities Course and RR exam. Mr. Adam spent four yearsworking in the brokerage industry at Odlum Brown Ltd. and Nesbitt Thompson Inc. and hasheld the positions of director and officer of several companies since 1993.

• Casey Forward - CFO

• Mr. Forward is an independent CGA with over 20 years of experience in both private andpublic companies involved in mining and business development. Mr. Forward currentlyserves as a director or officer of several public companies involved in the mineral resourcesector.

QuantumWebsite:www.QuantumRareEarth.com

Email:pdickie@QuantumRareEarth.com

Corporate Office:Suite 1128 – 789 W. Pender St. Vancouver, BCCanada V6C 1H2

Telephone: 604 669-9330

Fax: 604 669-9335

Shares Issued:Current: ~ 79,790,000Fully Diluted: ~ 101,400,000 (would provide $6.3 million in additional funds)

Cash: ~ $4.1 million

Transfer Agent:ComputershareVancouver, BC, Canada

Auditors: Davidson & CompanyVancouver, BC, Canada

Legal Counsel:Boughton Law CorporationVancouver, BC, Canada

Bankers: TD Bank Vancouver, Canada

Quantum Rare Earth Developments Corp.TSX.V – QRE OTCQX – QREDF

FSE – BR3

March - 2011