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Press release from Marketwire

Rare Element Resources Announces Results from 2013 Annual General Meeting

Thursday, June 06, 2013

Rare Element Resources Announces Results from 2013 Annual General Meeting

17:30 EDT Thursday, June 06, 2013

LAKEWOOD, COLORADO--(Marketwired - June 6, 2013) - Rare Element Resources Ltd. (NYSE Amex:REE)(NYSE MKT:REE)(TSX:RES) (the "Company"), a mineral resources company advancing development of the Bear Lodge Critical Rare Earth Project, located in northeastern Wyoming, announced that all matters put forward to the shareholders for approval at its 2013 Annual General Meeting (AGM) held on June 5th in Lakewood, Colorado, were passed with significant shareholder support.

2013 Annual General Meeting Results

At the AGM, the following individuals were re-elected as the directors of the Company: Donald E. Ranta, M. Norman Anderson, Norman W. Burmeister, Gregory E. McKelvey, Paul J. Schlauch, Lowell A. Shonk and the Company's President and Chief Executive Officer, Randall J. Scott.

Randall J. Scott, President and Chief Operating Officer, stated, "We were pleased to see a solid expression of support in the re-election of our directors. Our Board members, through their experience and counsel, continue to guide and support the company as it reaches key milestones in the development of the world-class Bear Lodge Critical Rare Earth Project."

The shareholders further appointed EKS&H LLLP, Certified Public Accountants, as the auditors of the Company for the fiscal year ended December 31, 2013 and the directors were authorized to determine the remuneration to be paid to the auditors.

Rare Element Resources Ltd. is a publicly traded mineral resource company focused on exploration and development of rare-earth element deposits, specifically those with significant distribution of critical rare earths. The Company is advancing development of the Bear Lodge Project, located in northeast Wyoming. Bear Lodge is a significant mineralized district containing many of the less common, more valuable critical rare earths that are essential for electronics, fiber optics, laser systems for health and defense, as well as many evolving green technologies, like hybrid cars, solar panels and wind turbines. Permitting and feasibility work on the Project is currently underway.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of securities legislation in the United States and Canada. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward-looking statements are usually identified by our use of certain terminology, including "will", "believes", "may", "expects", "should", "seeks", "anticipates", "plans", "has potential to", or "intends" or by discussions of strategy or intentions. Such forward-looking statements include statements regarding the permitting process and progress and project development plans for the future. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the progress of our Bear Lodge Project, fluctuations in demand for, and price of, rare earth products; success of process technology under testing; timing of and unexpected events at the Bear Lodge property; delay or failure to receive government approvals and permits; changes in U.S. and Canadian securities markets; and general economic conditions. There can be no assurance that future developments affecting the Company will be those anticipated by management. Please refer to the discussion of these and other factors in our Transition Report on Form 10-K for the six months ended December 31, 2012. We expect that the above estimates as to development plans, technology and other processes, time frames and financial needs will change as new information is received and that actual results will vary from these estimates, possibly by material amounts. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any particular event. Investors and others should not assume that any forecasts in this press release represent management's estimate as of any date other than the date of this press release.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Rare Element Resources Ltd.
Robbin Lee
720-278-2462
rlee@rareelementresources.com

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