| ||December 11, 2003|
Rare Element hires investment relations firm, completes AGM
| ||Vancouver, BC - December 11, 2003 - Rare Element Resources Ltd. (the "Company") has appointed SmallCap Corporate Partners Ltd. ("SmallCap") as management consultants and investor relations representatives. SmallCap is a full-service management consulting and investor relations firm located in Victoria B.C. SmallCap is in the business of creating value for growing companies by working closely with management to enhance their business model, making presentations to sources of capital, and providing continuing capital market advisory and out-sourced investor relations services.|
SmallCap publishes the e-newsletter, "The SmallCap Catalyst", which focuses on the markets, economics and small capitalization public companies (http://www.smallcap.ca/smallcapcatalyst.htm). In co-operation with Rare Element's management group, SmallCap will be working to develop a consistent, positive identity that creates favourable responses to major corporate initiatives and strategies.
Chief Financial Officer Mark T. Brown said, "Rare Element Resources is entering a dynamic new period. SmallCap will help the company to increase market awareness in support of our work on our Bear Lodge project. We expect that SmallCap will make a significant contribution to the communication of the Rare Element story to the investing community."
Rare Element held its annual general meeting on Wednesday, December 3, 2003. The shareholder's voted in favour of all of the items up for resolution at the meeting. The members present were also given an update on activities planned for the spring 2004 exploration season at the Bear Lodge property in Wyoming. These activities will generally consist of the plan outlined in the qualifying transaction information, which includes work to further delineate and assess the rare earths and precious metals in the Bear Lodge project. Further information on the qualifying transaction, is available at www.sedar.com.
About Rare Element Resources
Rare Element Resources is a mineral resource Company focused on rare earth metals, which, because they are essential to both advanced and existing industries and technologies, have been called the "enablers of modern living." In 2001, the market for rare earth metals in the US alone exceeded $1 billion, with most of those minerals imported from China. According to the US Geological Service, the Bear Lodge mountains in Wyoming host extensive occurrences of rare earths. Rare Element's Bear Lodge project covers much of these mineralized areas and the Company is positioned to become an important source of rare earth metals within North America.
For additional information, please contact:
Mr. Mark T. Brown (604) 687-3520 email@example.com
Mr. John Kuehne (250) 380-2274, SmallCap Corporate Partners
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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