News Releases

Lakewood, Colorado - Rare Element Resources Ltd. (TSX: RES and NYSE-AMEX: REE) (the "Company") is pleased to provide a progress update on exploration activities at the Bear Lodge Rare Earth project and the Sundance Gold Project, both located in the Bear Lodge Mountains near Sundance, Wyoming.

Vancouver B.C. - Rare Element Resources Ltd. (TSX: RES and NYSE-AMEX: REE) (the "Company" or "Rare Element") announced that its audited consolidated financial statements and Management's Discussion and Analysis, and Form 10K, for the year ended June 30, 2011 have been filed on www.sedar.com and www.sec.gov.

BEIJING — In the name of fighting pollution, China has sent the price of compact fluorescent light bulbs soaring in the United States.

Lakewood, Colorado - Rare Element Resources Ltd. (TSX: RES and NYSE-AMEX: REE) (the "Company") announces the completion of the bench-scale metallurgical test program for near-surface, oxidized high-grade, rare earth-mineralized vein material from the Bull Hill Deposit at the Bear Lodge project, Wyoming.

Lakewood, Colorado - Rare Element Resources Ltd. (TSX: RES and NYSE-AMEX: REE) (the "Company") is pleased to announced that Mr. David Suleski, BBA, CPA, has been appointed as the Rare Element's Chief Financial Officer as of August 22, 2011.

Lakewood, Colorado - Rare Element Resources Ltd. (TSX: RES and NYSE-AMEX: REE) Rare Element Resources Ltd. is pleased to announce that the Company will be ringing the opening bell of the NYSE-Amex on Tuesday, August 16th, 2011.

Lakewood, Colorado - Rare Element Resources Ltd. (TSX: RES and NYSE-AMEX: REE) announces the identification of high grades of heavy rare-earth elements (HREE) in the Whitetail Ridge resource area, and the East Taylor and Carbon target areas, and the discovery of high-grade REE mineralization at the East Taylor target at the Bear Lodge project.

Lakewood, Colorado - Rare Element Resources Ltd. (TSX: RES and NYSE-AMEX: REE) (the "Company") today announced a very positive development from the Natural Resources Committee of the U.S. House of Representatives and the official opening of Rare Element's new office in Lakewood, Colorado, USA.