News Releases

BEIJING - Sharply higher rare earth prices reflect market conditions, not manipulation, the Ministry of Industry and Information Technology (MIIT) said on Thursday.

Shares of hard disk drive maker Seagate Technology (NASDAQ: STX - News) are plunging 17% after the company said rising rare earths prices will result in a 200-basis point margin headwind in the second half of this year. California-based rival Western Digital (NYSE: WDC - News), which reports earnings after the close of U.S. markets today, is following suit with a decline of 8%.

Rare Element Resources Ltd. (TSX: RES and AMEX: REE) (the "Company") today announced the appointment of Mr. Paul Schlauch as a director of the Company, the appointment of Mr. Norman Anderson as Chairman, and the resignation of Mr. Stephen Quin as a Director.

Vancouver B.C. - Rare Element Resources Ltd. (TSX: RES and NYSE Amex: REE) is pleased to announce that the 2011 rare earth element ("REE") drilling program has commenced at the Company's Bear Lodge rare earth element project in Wyoming.

Rare Element Resources Ltd. (NYSE Amex: REE and TSX: RES) is pleased to announce the results of an upgraded and increased NI 43-101 compliant mineral resource estimate of rare-earth elements ("REE") plus yttrium contained in three deposits located in the Bull Hill area of the Bear Lodge project, Wyoming.

Vancouver B.C. - Rare Element Resources Ltd. (NYSE-Amex: REE and TSX-V: RES) (the "Company" or "Rare Element") announced that its common shares will begin trading on the Toronto Stock Exchange, the senior equity trading market in Canada, as of Friday, May 27, 2011. The Company will retain its current trading symbol -- "RES".

From smart phones to hybrid vehicles to cordless power drills, devices we all desire are made with a pinch of rare earths—exotic elements that right now come mostly from China.

CHINA said today it would expand export quotas for rare earths to include iron alloys containing the elements, further tightening shipments of the minerals used in a variety of high-tech industries.

Vancouver B.C. - Rare Element Resources Ltd. (TSX-V: RES and AMEX: REE) is pleased to report a summary of results from its 2010 rare earth element (REE) exploration program and an outline of plans for the 2011 program at the Bear Lodge property in northeastern Wyoming, USA.