BEAR LODGE

Rare Element Resources Ltd. announce the identification of an additional rare-earth-element (REE) target area approximately 1500 feet northwest of the Bull Hill Southwest deposit at the Bear Lodge project, Wyoming. The company designates this area as the Whitetail Ridge rare-earths exploration target, and it is being prepared for possible drilling later this fall, weather permitting. Historic drilling in the greater Whitetail Ridge area includes Duval Corporation drill holes WBR-4 which returned 0-200’ @ 1.29% REO; highest intercept 5’ @ 7.82% REO.

Rare Element Resources announced further progress in rare-earth-element metallurgical test results on oxide samples from the Bear Lodge property, Wyoming, USA. The favorable metallurgical test results on the near-surface oxide material resulted in a recovery potential of 90%, which was achieved in 32 wt-% of the original sample weight while still retaining a grade of 13% rare-earth oxide; the REO resides in the finest fraction (minus 500-mesh) pre-concentrate.

Rare Element Resources announce that drilling has begun on the resource expansion program for rare-earth-element mineralization on the Company’s Bear Lodge property of northeastern Wyoming. Drill-hole locations have been chosen as step-offs of the known mineralization, to test other high-potential targets, and to provide additional material for metallurgical testing of a suite of samples that are representative of the entire rare-earth deposit.