News Releases

Vancouver B.C. - Rare Element Resources Ltd. (TSX-V: RES and AMEX: REE) is pleased to announce rare earth element (REE) assay results from an additional eleven drill holes completed during the ongoing 2010 core drilling program at the Company's 100% owned Bear Lodge property, located in northeastern Wyoming, USA.

Vancouver B.C. - Rare Element Resources Ltd. (TSX-V: RES and NYSE-Amex: REE) (the "Company" or "Rare Element") received an additional $5,842,210 from the exercise of stock options, warrants and agent's options between July 1, 2010 and October 31, 2010.

Vancouver B.C. - Rare Element Resources Ltd. (TSX-V: RES and NYSE-Amex: REE) (the "Company" or "Rare Element") announced that its audited financial statements and Management's Discussion and Analysis for the fourth quarter and year ended June 30, 2010 have been filed on www.sedar.com.

Vancouver, BC -- Rare Element Resources Ltd (AMEX: REE, TSX-V: RES) and Medallion Resources Ltd (TSX-V: MDL) today announced that they have significantly expanded their Eden Lake rare-earth-element (REE) property in western Manitoba by staking six additional mineral claims.

Rare Element Resources Ltd (TSX-V:RES) is a publicly traded mineral resource company focused on exploration and development of rare-earth elements and gold on the Bear Lodge property.

Vancouver B.C. - Rare Element Resources Ltd. (TSX-V: RES and AMEX: REE) (the "Company") is pleased to announce the results of a Scoping Study (the "Study") (an NI 43-101 compliant "Preliminary Economic Assessment" or "PEA") on the rare-earth resources delineated on its 100% owned Bear Lodge project, located in northeastern Wyoming, USA.

Vancouver B.C. - Rare Element Resources Ltd. (AMEX: REE and TSX-V: RES) is pleased to announce that the Company made a presentation on the Bear Lodge rare-earths project to the Wyoming Legislature's Joint Minerals, Business and Economic Development Interim Committee on September 21, 2010.

Vancouver B.C. - Rare Element Resources Ltd. (TSX-V: RES and AMEX: REE) is pleased to announce the assay results from the initial eight rotary (reverse circulation) holes (SUN-059 to SUN-066) drilled on the Sundance gold project, Wyoming.

VANCOUVER, BC -- Rare Element Resources Ltd. (TSX-V: RES and AMEX: REE) announces that its application to early adopt International Financial Reporting Standards ("IFRS") under National Instrument 52-107 has been approved by the applicable Canadian Securities Administrators.