March 24, 2014 - Lakewood, Colorado - Rare Element Resources Ltd. (NYSE MKT: REE and TSX: RES) (the “Company”), a mineral resources company advancing development of the Bear Lodge Critical Rare Earth Project (the “Project”), announced today that it will be presenting at the 14th Annual Metals and Natural Resources Conference being hosted by John Tumazos Very Independent Research LLC at the Westin Grand Central Hotel, in New York, on Monday, March 30, 2015.  Paul H. Zink, Senior Vice President and Chief Financial Officer for Rare Element Resources, will present the Company’s progress on advancing the Bear Lodge Project towards production, including the results of it 2014 preliminary feasibility study and its current test work on separation technology.  Mr. Zink’s presentation will begin at 1:35 PM EDT and will be webcast.  To access the live webcast or a replay, please use the link below:

http://www.wsw.com/webcast/vir14

The related presentation will be available as part of the webcast or can be found on the Company’s website at www.rareelementresources.com/presentations

Rare Element Resources Ltd. is a publicly traded mineral resource company focused on exploration and development of rare-earth element deposits, specifically those with significant distribution of critical rare earths.  The Company is advancing development of the Bear Lodge Project, located in northeast Wyoming.  Bear Lodge is a significant mineralized district containing many of the less common, more valuable critical rare earths that are essential for electronics, fiber optics, laser systems for health and defense, as well as many evolving green technologies, like hybrid cars, solar panels and wind turbines. Permitting and feasibility work on the Project continue to advance.  The Company is a member of the U.S. Department of Energy’s Critical Materials Institute, a combined government and private sector organization committed to eliminating supply chain issues for rare earths and other critical elements.  Please see CMI’s website at https://cmi.ameslab.gov/ for additional details on its mission and members.

For additional information, please visit the Company’s website at www.rareelementresources.com or contact Robbin Lee at 720-278-2462 or rlee@rareelementresources.com.