Rare Element Resources Ltd.

Rare Element Resources Ltd. is focused on exploration and development of rare earth elements (REEs) and gold on its 100%-owned Bear Lodge property. Gold exploration has been conducted there for decades with several companies significantly contributing to the database and understanding. Newmont's recent exploration efforts as Rare Element's venture partner were the most comprehensive and extensive of these programs. Bear Lodge encompasses one of the largest disseminated REE occurrences in North America (M H Staatz, 1983, USGS Professional Paper 1049D). In parallel with the gold-focused exploration JV, the company has completed an NI 43-101 resource estimate and a technical report on Bear Lodge REE mineralization; is continuing with drilling and a metallurgical testing program; and is working on a Scoping Study.