Neo Material Shareholders Approve Molycorp Acquisition

Molycorp, Inc.

(“Molycorp” or the “Company”) today announced that shareholders of Neo Material Technologies Inc.

(“Neo Materials”) have voted to approve Molycorp's acquisition of Neo Materials. Neo Materials' shareholders were asked to vote for an arrangement resolution approving the acquisition of all of Neo Materials' issued and outstanding shares by Molycorp. The resolution was approved by 99.9% of the votes cast by holders of Neo Materials voting shares at the annual and special meeting of Neo Materials' shareholders, held earlier today in Toronto.