News Releases

Rare Element Resources Ltd. (NYSE MKT: REE and TSX: RES) announced today that it has made a concurrent filing of a universal shelf registration statement on Form S-3 (the "Shelf Registration Statement") with the Securities and Exchange Commission ("SEC") and a shelf prospectus (the "Canadian Shelf") with certain Canadian securities regulators.

Rare Element Resources Ltd. (NYSE MKT: REE and TSX: RES) (the "Company"), a mineral resources company advancing development of the Bear Lodge Critical Rare Earth Project, located in northeastern Wyoming, announced that all matters put forward to the shareholders for approval at its 2013 Annual General Meeting (AGM) held on June 5th in Lakewood, Colorado, were passed with significant shareholder support.

Rare Element Resources Ltd. (NYSE MKT: REE and TSX: RES) (the "Company"), a mineral resources company advancing development of the Bear Lodge Critical Rare Earth Project, located in northeastern Wyoming, announced today that two independent laboratories, Hazen Research and SGS-Lakefield, have confirmed and expanded on the initial bench scale test results reported by ANSTO, Australia. The tests confirm the success of the Company's proprietary technology to selectively recover rare earth elements (REE) from acid leach solution using oxalic acid, resulting in a bulk total rare earth oxide (TREO) concentrate with a purity level exceeding 90%.

Rare Element Resources Ltd. (NYSE MKT: REE and TSX: RES) (the "Company"), a mineral resources company advancing development of the Bear Lodge Critical Rare Earth Project, is pleased to announce that it has received notification by the U.S. Forest Service (USFS) indicating that the Bear Lodge Project Plan of Operations is sufficient for the NEPA process to formally proceed.

Rare Element Resources Ltd. (NYSE MKT: REE and TSX: RES) (the "Company") reports that it has filed its unaudited, consolidated interim financial statements on Form 10-Q for the three months ended March 31, 2013

Rare Element Resources Ltd. (NYSE MKT: REE and TSX: RES)(the "Company") is pleased to announce that Robbin Lee has joined the Company as its Director of Investor Relations.

Rare Element Resources Ltd. (NYSE MKT: REE and TSX: RES) (the "Company") announced today that Lowell A. Shonk, a financial professional with more than 30 years of experience in the mining industry, has joined its Board of Directors as of April 23, 2013 and will serve as the Board's Audit Committee Chair.

Rare Element Resources Ltd. (NYSE MKT: REE and TSX: RES) (the "Company") today announced that Mark T. Brown has resigned his position on the Board of Directors

Lakewood, Colorado - Rare Element Resources Ltd. (NYSE MKT: REE and TSX: RES) (the "Company") reports that it has filed its transitional report and audited consolidated financial statements on Form 10-K for the six months ended December 31, 2012