News Releases

Lakewood, Colorado - Rare Element Resources Ltd. (NYSE MKT: REE and TSX: RES) is pleased to inform investors that its unaudited consolidated interim financial statements on Form 10-Q for the quarter ended September 30, 2012 have been filed on www.sedar.com and www.sec.gov.

Lakewood, Colorado---Rare Element Resources Ltd. (NYSE MKT: REE and TSX: RES) is pleased to report on its ongoing support to North American students, colleges and universities in their efforts to advance research and development of critical rare earth elements.

Lakewood, Colorado---Rare Element Resources Ltd. (TSX: RES and NYSE MKT: REE) is pleased to announce that in-depth metallurgical and process data is being developed to be incorporated into the Bear Lodge Rare Earth Project's definitive Feasibility Study (FS) scheduled to commence in Q1 2013.

Lakewood, Colorado-Rare Element Resources Ltd. (TSX: RES and NYSE MKT: REE) is pleased to announce rare earth element (REE) assay results from 18 drill holes completed from its ongoing 2012 drilling program at the Company's 100% owned Bear Lodge property, located in northeastern Wyoming, USA.

Lakewood, Colorado - Rare Element Resources Ltd. (TSX: RES and NYSE MKT: REE) is pleased to report that the S&P/TSX SmallCap Index has added Rare Element Resources to the index commencing at close of market September 21, 2012.

Lakewood, Colorado - Rare Element Resources Ltd. (NYSE: REE and TSX: RES) announced that its audited consolidated financial statements and Form 10-K for the year ended June 30, 2012 have been filed on www.sedar.com and www.sec.gov.

Lakewood, Colorado---Rare Element Resources Ltd. (NYSE: REE and TSX: RES) is pleased to report on its community and governmental accomplishments thus far this year including site visits at its Bear Lodge Project in Wyoming and a series of presentations to trade groups, industry analysts, local, federal and Wyoming audiences.

Lakewood, Colorado - Rare Element Resources Ltd. (NYSE: REE and TSX: RES) is pleased to announce that Ms. Kelli C. Kast, Esq., has been appointed as Vice President, General Counsel, Chief Administrative Officer and Corporate Secretary effective July 2, 2012.