News Releases

Vancouver, BC - Rare Element Resources Ltd. (TSX-V: RES) ("Rare Element" or the "Company") announces that the final short form prospectus for the financing announced on March 17, 2010 has been filed with the securities regulatory authorities. The financing will be for up to 2,250,000 units (the "Units") of the Company at a price of $3.50 per Unit (the "Offering Price"), for gross proceeds of up to $7,875,000.

Vancouver, BC - Rare Element Resources Ltd. (TSX-V: RES) ("Rare Element" or the "Company") has filed a preliminary short-form prospectus in connection with an offering (the "Offering") of up to 2,250,000 units (the "Units") of the Company at a price of $3.50 per Unit (the "Offering Price") for gross proceeds of up to $7,875,000.

Rare Element Resources Ltd. ("the Company") (TSXV:"RES") is pleased to announce 2009 REE assay results from five drill holes that explored the Bull Hill Northwest target area (Figure 1). The Bull Hill NW target was identified on the basis of Hecla Mining Company's drill Hole WP-2, drilled in 1987.

VANCOUVER, BC: Rare Element Resources Ltd ("Rare Element" - TSX-V: RES) and Medallion Resources Ltd ("Medallion" - TSX-V: MDL) announce that they have completed and executed a definitive option agreement whereby Rare Element grants to Medallion an option ("Option") to acquire a 65% interest in a joint venture to explore the Eden Lake rare-earth-element (REE) property, located in western Manitoba, Canada ("Property").

Vancouver B.C. - Rare Element Resources Ltd. (TSX-V:RES) is pleased to report rare-earth-element (REE) assay results for an additional ten holes from the 2009 core drilling program, completed on the Company's 100% owned Bear Lodge property in Wyoming.

Vancouver, BC - The TSX Venture Exchange today announced that Rare Element Resources Ltd. ("TSXV - "RES") has been named as one of the TSX Venture 50, a ranking of strong performers listed on TSX Venture Exchange.

Vancouver, BC: Rare Element Resources Ltd ("Rare Element Resources" - TSX-V: RES) and Medallion Resources Ltd ("Medallion" - TSX-V: MDL) announce that they have received the basic data and initial interpretation from a helicopter-borne high-intensity electromagnetic geophysical survey flown over the Eden Lake rare-earth-element (REE) property during December 2009.

Vancouver, BC - Rare Element Resources Ltd (TSX-V: RES) is pleased to announce the acquisition of the Nuiklavik rare-earth-element (REE) prospect from Altius Resources Inc. ("Altius"). The property is located approximately 25 kilometers from tide water and 50 kilometers from the community of Hopedale, Labrador, Canada.

Rare Elements is a mineral resource company focused on rare-earth elements and gold. They also have a joint venture with mining mogul, Newmont.