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Medallion and Rare Earth Salts Agree to Produce Rare Earth Products

VANCOUVER, BC and BEATRICE, NE–(Marketwired – June 01, 2017) – Medallion Resources Ltd. (TSX VENTURE: MDL) (OTC PINK: MLLOF) (“Medallion”) and Rare Earth Salts Separations and Refining, LLC (“RES”), a leading materials technology company, today announced they have executed a non-exclusive commercial agreement to produce, market and share revenues from the sale of finished rare-earth products. The agreement contemplates Medallion producing and supplying its rare-earth concentrate to Rare Earth Salts for separation and refining into marketable rare-earth oxides.