News Releases

August 26, 2014 – Lakewood, Colorado - Rare Element Resources Ltd. (the “Company”)(NYSE MKT: REE and TSX: RES), a mineral resource company advancing development of the Bear Lodge Critical Rare Earth Project (the “Project”) located in northeast Wyoming, is pleased to announce that it has incorporated the significant resource expansion and numerous operational improvements announced over the last several months into a positive 2014 Pre-Feasibility Study (PFS) for the Project.

Rare Element Resources Reports 2nd Quarter Results

Rare Element Resources announces the appointment of Pat James as Chairman of the Board and reports results of its Annual General Meeting

Rare Element Resources reported files its unaudited consolidated financial statements on Form 10-Q for the three-months ended March 31, 2014 and gives update on activities for the quarter.

Dr. Donald E. Ranta, Chairman, intends to retire from the Company’s Board in June. Patrick “Pat” M. James, former President and Chief Executive Officer of Rio Algom Limited, to join board effective April 23, 2014.

Rare Element Resources to present at the John Tumazos Very Independent Research LLC 13th Metals and Natural Resources Conference being held at the Westin Grand Central Hotel, in New York, on Monday, March 31, 2014.

Rare Element Resources Reports Year-End 2013 Financial Results. Major milestones in 2013 include 85% growth in resource, patenting of rare earth recovery process technology and progress on Project permitting. 2014 work plan outlined.

Members of the US Forest Service, Tetra Tech, the prime contractor, and Rare Element Resources met last week and officially commenced preparation of the Environmental Impact Statement on the Bear Lodge Project under the National Environmental Policy Act.