TORONTO, ONTARIO — (Marketwire) — 07/03/12 — (:AVL)(:AVL) ("Avalon" or the "Company") is pleased to announce that it has bought out the 3% Calabras/Lutoda Net Smelter Return ("NSR") royalty on its Thor Lake property for a cash payment of CAD$2.0 million. The Thor Lake property (the "Property") encompasses the Company-s flagship Nechalacho Rare Earth Elements Deposit.The 3% Calabras/Lutoda NSR was one of two NSR royalties on the Property that the Compa
