LYNAS CORP DENIES NEW YORK TIMES REPORT

KUALA LUMPUR (Bernama) - Lynas Corporation Ltd Thursday denied
allegations that the rare earth refinery at the Gebeng Industrial Zone, near
Kuantan, Pahang state is plagued by environmentally-hazardous construction and
design problems.

Headlined "The Fear of a Toxic Rerun", the New York Times reported Thursday,
citing internal memos along with current and former engineers on the project.

Speaking at a media briefing Thursday, Executive Chairman Nicholas Curtis
assured residents that the plant was safe and there were no engineering issues.

"We don't understand the source of the material in the article. We can
confirm there are no engineering issues which we believe will be unsafe.

"We put the safety of the community and employees ahead of anything else and
we will in no way compromise the engineering standards.

"All contracting parties have agreed with us that there are no significant
engineering issues that would render us unable to comply with any standards. We
know the plant is safe.

"There's nothing that will make us unable to meet the standards stipulated
in Malaysia," Curtis said, adding that the standards in Malaysia are
international standards.

Meanwhile, responding to the call for a public media debate on the rare
earth plant by Kuantan Member of Parliament Fuziah Salleh, Curtis said: "I don't
feel it is appropriate.

"It's not my position as a foreigner and a guest in Malaysia to engage in a
public debate with an elected member of parliament.

"It's my position as a foreign investor with significant investment in
Malaysia to address the people's concerns in the best possible way in a private
meeting between us in a free and open exchange," he added.