News Releases

Rare Element Resources Ltd. (NYSE MKT: REE and TSX: RES) (the "Company") today announced a 65% increase to its total Measured and Indicated (M&I) rare earth elements (REE) resources estimate at the Bear Lodge Project, from 571 to 944 million pounds of rare earth oxide (REO).

Rare Element Resources Ltd. (NYSE MKT: REE; TSX: RES) (the "Company") is pleased to announce rare earth element (REE) assay results from the final core holes completed during the 2012 drilling program at the Company's 100% owned Bear Lodge property, located in northeastern Wyoming, USA.

Lakewood, Colorado – Rare Element Resources Ltd. (NYSE MKT: REE; TSX: RES) (the "Company") is pleased to provide further information regarding its proprietary process technology that enhances the efficiency of rare earth recovery.

Lakewood, Colorado – Rare Element Resources Ltd. (NYSE MKT: REE; TSX: RES)(the "Company") is pleased to inform its investors that it will be exhibiting and presenting at this year's Prospectors & Developers Association of Canada (PDAC) in Toronto at the Metro Toronto Convention Center, South Building, Level 800.

Lakewood, Colorado – Rare Element Resources Ltd. (TSX: RES; NYSE MKT: REE)(the "Company") advises that its common shares will not trade on the TSX on February 20, 2013. The Company previously disclosed by press release the change in its fiscal year-end to December 31, and also filed a Form 8K with the U.S. Securities and Exchange Commission ("SEC") announcing this change; however, this Form 8K was not received by the Canadian securities regulators.

Lakewood, Colorado – Rare Element Resources Ltd. (NYSE: REE; TSX: RES) is pleased to provide highlights of key activities underway and slated for completion during 2013.

Lakewood, Colorado – Rare Element Resources Ltd. (TSX: RES and NYSE MKT: REE) is pleased to announce rare earth element (REE) assay results from 21 drill holes completed during the ongoing 2012 drilling program at the Company's 100% owned Bear Lodge property, located in northeastern Wyoming, USA.

Lakewood, Colorado - Rare Element Resources Ltd. (NYSE MKT: REE and TSX: RES) is pleased to announce that Dr. Henry Kasaini, Pr Eng., has been appointed as Director of Science and Technology effective November 12, 2012.

Lakewood, Colorado - Rare Element Resources Ltd. (NYSE MKT: REE and TSX: RES) Rare Element Resources Ltd. (the "Company") is pleased to announce that the Company will hold its Annual General Meeting ("AGM") of the shareholders on December 11, 2012 at 2 p.m. Mountain Standard Time at the Sheraton Denver West, Lakewood, Colorado.