News Releases

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.

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 third quarter ended March 31, 2012 have been filed on www.sedar.com and www.sec.gov.

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.