Ok, this is the real news: [worth 2.5 cents at the resumption of trading]

Mr. Al Shefsky reports

PELE MOUNTAIN ANNOUNCES DISCOVERY OF CONTINUOUS RARE EARTHS MINERALIZATION OVER 140-METRE TRUE THICKNESS AT ECO RIDGE

Pele Mountain Resources Inc. has released initial results from its core resampling program at its Eco Ridge mine rare earths and uranium project in Elliot Lake, Ont.

Pele has discovered that rare earth oxide ("REO") mineralization outside the Main Conglomerate Bed ("MCB") extends much farther than previously realized, with one drill hole revealing more than 140 metres of continuous mineralization. Pele has also learned that Total REO grades maintain elevated levels well into the MCB Hanging Wall, averaging more than 750 grams per tonne (g/t) (1 g/t = 1 ppm) over more than 20 metres as measured from the base of the MCB, through the MCB, and into the MCB Hanging Wall.

Pele's recently announced NI 43-101 Preliminary Economic Assessment ("PEA") for Eco Ridge is based solely on mineralization from within the MCB, which averages 2.7 metres in thickness. All NI 43-101 mineral resources reported at Eco Ridge to-date are also from within the MCB. The recent discovery of significant REO mineralization in core from the MCB Hanging Wall prompted Pele to launch a staged program to expand the sampling range of recent and historic drill core with an objective of increasing the size of the Eco Ridge deposit.