Cautionary Language

Some of the statements, information and documents on our website are historical in nature and may be outdated, and readers are cautioned that statements, information and documents on our website are only current as of the respective dates of such statements, information and documents. The business, financial condition, results of operations and prospects of Rare Element Resources Ltd. may have changed since those dates. In addition, certain statements, information and documents on our website may and have been supplemented, modified, superseded or updated by subsequent statements, information or documents. Readers are advised to review only the most recent document of each type included on this website for the most current information relating to Rare Element Resources Ltd. Any such supplemented, modified, superseded or updated statement, information or document need not state that it has supplemented, modified, superseded or updated any prior statement, information or document or include any other information set forth in the statement, information or document that it supplements, modifies, supersedes or updates. 

Forward Looking Statements

This website contains numerous forward-looking statements within the meaning of securities legislation in the United States and Canada. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward-looking statements are usually identified by our use of certain terminology, including "will", "believes", "may", "expects", "should", "seeks", "anticipates", "plans", "has potential to", or "intends" or by discussions of strategy, intentions or projections. Such forward looking statements include statements regarding the drilling program anticipated results, permitting process and progress and project development plans for the future. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the progress of our Bear Lodge Project; fluctuations in demand for, and price of, rare earth products; success of process technology under testing; results from geological evaluations and programs; timing of and unexpected events at the Bear Lodge property; delay in receiving or failure to receive government approvals and permits; changes in U.S. and Canadian securities markets; and general economic conditions. There can be no assurance that future developments affecting the Company will be those anticipated by management. Please refer to the discussion of these and other factors in our Transition Report on Form 10-K for the six months ended December 31, 2012 and subsequent filings with the U.S. Securities and Exchange Commission. We expect that the above estimates as to development plans, technology and other processes, time frames and financial needs will change as new information is received and that actual results will vary from these estimates, possibly by material amounts. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any particular event. Investors and others should not assume that any forecasts represent management's estimate as of any date other than the date on which they are made.

Canadian National Instrument 43-101 Qualified Person

Jaye T Pickarts, P.E., the Chief Operating Officer of Rare Element Resources, is the qualified person (non-independent) pursuant to Canadian National Instrument 43-101 who supervised the preparation of the scientific and technical information contained on this website, including the discussion of mineral resources. For a description of the key assumptions, parameters and methods used to estimate mineral resources, as well as data verification procedures and a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant factors, please see the Technical Report for our project as filed on SEDAR at www.sedar.com or from this website under Technical Reports.

Cautionary Note to U.S. Investors:

The U.S. Securities and Exchange Commission ("SEC") permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website, such as "reserves," "resources," "proven," "probable," "measured," "indicated" and "inferred" that are recognized by Canadian regulations, but that may not be consistent with reserve definitions established by the SEC. U.S. investors are urged to consider closely the disclosure in our most recent Transition Report on Form 10-K, which may be obtained from us or from the SEC's website at http://www.sec.gov