News Releases

BEIJING — In the name of fighting pollution, China has sent the price of compact fluorescent light bulbs soaring in the United States.

Lakewood, Colorado - Rare Element Resources Ltd. (TSX: RES and NYSE-AMEX: REE) (the "Company") announces the completion of the bench-scale metallurgical test program for near-surface, oxidized high-grade, rare earth-mineralized vein material from the Bull Hill Deposit at the Bear Lodge project, Wyoming.

Lakewood, Colorado - Rare Element Resources Ltd. (TSX: RES and NYSE-AMEX: REE) (the "Company") is pleased to announced that Mr. David Suleski, BBA, CPA, has been appointed as the Rare Element's Chief Financial Officer as of August 22, 2011.

Lakewood, Colorado - Rare Element Resources Ltd. (TSX: RES and NYSE-AMEX: REE) Rare Element Resources Ltd. is pleased to announce that the Company will be ringing the opening bell of the NYSE-Amex on Tuesday, August 16th, 2011.

Lakewood, Colorado - Rare Element Resources Ltd. (TSX: RES and NYSE-AMEX: REE) announces the identification of high grades of heavy rare-earth elements (HREE) in the Whitetail Ridge resource area, and the East Taylor and Carbon target areas, and the discovery of high-grade REE mineralization at the East Taylor target at the Bear Lodge project.

Lakewood, Colorado - Rare Element Resources Ltd. (TSX: RES and NYSE-AMEX: REE) (the "Company") today announced a very positive development from the Natural Resources Committee of the U.S. House of Representatives and the official opening of Rare Element's new office in Lakewood, Colorado, USA.

BEIJING - Sharply higher rare earth prices reflect market conditions, not manipulation, the Ministry of Industry and Information Technology (MIIT) said on Thursday.

Shares of hard disk drive maker Seagate Technology (NASDAQ: STX - News) are plunging 17% after the company said rising rare earths prices will result in a 200-basis point margin headwind in the second half of this year. California-based rival Western Digital (NYSE: WDC - News), which reports earnings after the close of U.S. markets today, is following suit with a decline of 8%.

Rare Element Resources Ltd. (TSX: RES and AMEX: REE) (the "Company") today announced the appointment of Mr. Paul Schlauch as a director of the Company, the appointment of Mr. Norman Anderson as Chairman, and the resignation of Mr. Stephen Quin as a Director.