BUTLER COMPLETES NAME CHANGE TO QUANTUM RARE EARTH DEVELOPMENTS CORP.

March 4, 2010 – Vancouver, B.C.:  Quantum Rare Earth Developments Corp. (TSX.V – QRE) (“Quantum”, the “Company”), is pleased to announce the completion of the previously announce name change from Butler Resource Corp. (former symbol TSX.V – BTD).  Effective today, trading in the shares of Quantum commenced on the TSX Venture Exchange under the symbol “QRE”.

“We are pleased at having completed our listing on the TSX Venture Exchange, and feel that our new name is more indicative of the direction the Company is focused on”, commented Peter Dickie, President of Quantum.  “We look forward to advancing our Archie Lake property, completing our Silver Mountain acquisition, and pursuing other opportunities available in the rare-earth sector”.

There was no change in capital in the Company.

On Behalf of the Board,

“Peter Dickie”
Peter Dickie, President

For further information, contact Peter Dickie, President and CEO of the Company at (604) 669-9330.  

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."