News Releases

Lakewood, CO - Rare Element Resources Ltd. (TSX: RES and NYSE-Amex: REE) (Rare Element or the Company) is pleased to announce that it has scheduled a conference call to discuss the previously announced Pre-Feasibility Study (PFS) and associated National Instrument 43-101 (NI 43-101) technical report filed on both SEDAR (www.sedar.com) and EDGAR (www.edgar.com) pursuant to the Company's continuing development of the Bear Lodge Project in northeastern Wyoming, USA.

Rare Element Resources Ltd. (NYSE Amex: REE and TSX: RES) ("Rare Element" or the "Company") is pleased to report the revised results of the previously announced positive Preliminary Feasibility Study ("PFS") for the Bear Lodge Rare-Earth Project ("Bear Lodge Project"), Wyoming.

Lakewood, Colorado - Rare Element Resources Ltd. (NYSE Amex: REE; TSX: RES) is pleased to announce rare earth element (REE) and gold assay results from 29 additional drill holes that were completed during the 2011 core drilling program at the Company's 100% owned Bear Lodge property, located in northeastern Wyoming, USA.

Lakewood, Colorado. - Rare Element Resources Ltd. (NYSE Amex: REE; TSX: RES) announces that it has entered into an agreement with the Australian Nuclear Science and Technology Organization (ANSTO) to develop and test a process to produce separated rare earth (RE) products from concentrates derived from ore material at the Bear Lodge project, Wyoming.

Rare Element Resources Ltd. (NYSE Amex: REE and TSX: RES) is pleased to announce the results of a positive Pre-Feasibility Study (PFS) for the Bear Lodge project, Wyoming.

Vancouver B.C. - Rare Element Resources Ltd. (NYSE Amex: REE; TSX: RES) announces assay results from 34 rotary (reverse circulation) and two core holes drilled at the Sundance Gold Project, Wyoming (drill holes SUN-093 to SUN-128).

Lakewood, CO - Rare Element Resources Ltd. (TSX: RES and NYSE-AMEX: REE) (the "Company" or "Rare Element") announced that its unaudited consolidated financial statements and Form 10-Q for the second quarter ended December 31, 2011 have been filed on www.sedar.com and www.sec.gov.

Lakewood, Colorado - Rare Element Resources Ltd. (NYSE-Amex: REE and TSX: RES) (the "Company") is pleased to announce that Mr. Randall J. Scott, President and CEO, and Mr. Paul H. Zink have been appointed to the Board of Directors of the Company as of February 3, 2012.