Avalon (OTCQX: AVA) Nominated Mr. Hari Panday to Its Board of Directors

Avalon Rare Metals Inc. (TSX:AVL)(OTCQX:AVARF) recently announced that Mr. Hari Panday, C.G.A., B.A., has been nominated for election to the Company's Board of Directors at the 2010 Annual General Meeting of Shareholders. The 2010 AGM will be held in Toronto at the Sheraton Centre Hotel on January 14, 2010 at 4:30 pm and the meeting materials were mailed last week to all shareholders of record as at December 14, 2009.

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Mr. Panday has had a very successful career in international banking including being the founding President and CEO of ICICI Bank Canada where he defined and executed the entry strategy to launch ICICI in Canada. ICICI is the second largest financial services company in India with $90 billion of global assets. Prior to founding ICICI Bank Canada, Mr. Panday held senior positions at HSBC Bank Canada and the Bank of Montreal. In 2009, Mr. Panday was awarded the Indo-Canadian Chamber of Commerce, Toronto, Corporate Executive of the Year and was selected to the "India Abroad 2008 - Power List" of prominent Indo-Canadians. Avalon President, Mr. Don Bubar noted, "Mr. Panday is a prominent member of the south Asian community in southern Ontario and brings a wealth of international banking experience to the Company. Mr. Panday has an extensive network of business contacts in Asia where management sees great opportunity to build the business relationships that will be key to advancing the development of the Nechalacho REE deposit at Thor Lake, Northwest Territories. We are delighted to have Mr. Panday accept our invitation to join our Board of Directors."

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