NI43-101Pre-Feasibility Study Report - page 100

Rare Element Resources
Bear Lodge Project
Canadian NI 43-101 Technical Report
October 9
, 2014
10135-200-46 - Rev. 0
4.6 Upton Hydromet Site Property Description and Ownership
Rare Element currently holds an option to purchase all land within the Upton
Hydromet site as part of the project. The land within the Upton Hydromet site is
private, and the purchase option is valid until 2014 and can be extended upon mutual
agreement with the land owner. Access to the Upton site is by way of a County
Road. The land purchase is conditional upon the completion of due diligence.
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