DESCRIPTION:  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.

Listen to CFO Mark Brown CFO discuss the company's recent NYSE Amex listing with Al Korelin (8/21/10)

   Phillip Arnheim, Asian Metals (07/20/10)

"For the short-term outlook, rare earth mining ventures outside of China saw an immediate boost in terms of investor interest following the announcement of the export cuts. On July 9th, the day the export quotas were released from China's Ministry of Commerce, major rare earth miners outside China saw substantial growth. The largest movers in that one day following the release were Avalon Rare Metals, which gained 17%, Lynas Corporation, which moved up 8%, and Rare Element Resources, which saw a 21% increase."

   The Gold Report Interview with Mickey Fulp (07/16/10)

"I particularly like Rare Element Resources, with their Bear Lodge Light REE Project. Their new resource estimate is 50% larger than the previous one, and they are drilling now. They're also drilling on the adjacent Sundance Gold Project and will follow that with a resource estimate. I can speculate that eventually this will be a two-for-one; there will be a gold company spinout." View Entire Article: Mickey Fulp: Summer Slump Good for Gold

   Canaccord Capital, Morning Coffee (07/12/10)

"At the end of May, Rare Element announced the completion of an updated NI 43-101 compliant resource estimate for the Bull Hill REE deposit based on 48 recent and historical drill holes. At a 1.5% rare earth oxide (REO) cut-off grade, the inferred resource amounts to 15.9M tons grading 3.46% REO, of which ~46% of the mass is defined as oxide material. Within this resource, a higher-grade core at a 4.0% REO cut-off grade may be defined amounting to 4.0M tons grading 6.65% REO, of which ~52% is defined as oxide material. Drilling has begun at Bull Hill seeking to expand and upgrade the REE resource, as well as test new targets, with a particular focus on near-surface oxide mineralization. Drill results will lead into a PEA on oxide resources scheduled for completion later this summer."

   The Gold Report Interview with Brien Lundin (06/18/10)

"Rare Element Resources is fortunate to be endowed with a world-class rare earth resource, and it's also fortunate to have potential for a world-class gold resource. It's interesting how that company's focus has oscillated back and forth between those deposits over the years I've recommended that company. We went through a rare earths boom about a year ago, and Rare Element really surged higher to become one of the market leaders. The bloom has come off that rose a bit, what with some concerns about a double-dip recession, further economic slowdowns in Europe and so forth. The renegotiation of their joint venture arrangement with Newmont on Sundance, which is a gold property, hurt temporarily. The market viewed that as a negative, as Newmont leaving. In my opinion, it's more that Rare Element has regained control and is prepared to explore the project for its gold potential aggressively for the first time. It never had the financial resources to do that before, and now it does. I'd say the company at the current levels is an extraordinary buy." View Entire Article: Brien Lundin: Gold's (Almost) Free at Last

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