Rare Element Appoints Robbin Lee as Director of Investor Relations

LAKEWOOD, COLORADO -- (Marketwired) -- 04/29/13 -- Rare Element Resources Ltd. (NYSE Amex: REE)(NYSE MKT: REE)(TSX: RES) (the "Company") is pleased to announce that Robbin Lee has joined the Company as its Director of Investor Relations.

Ms. Lee is an Investor Relations professional with over 20 years of experience working for domestic and international as well as large- and small-cap companies. Prior to their merger with AMB Property, she was Vice President of Investor Relations for ProLogis, the world's leading owner, operator and developer of industrial real estate with operations in over 20 countries. The ProLogis IR program received numerous awards during Ms. Lee's tenure, including several top rankings by Institutional Investor for the real estate investment sector. Prior to ProLogis, she spent 12 years in senior IR roles for a number of companies in the mining sector, including Echo Bay Mines, PolyMet Mining and Atlas Corporation.

Randall J. Scott, President and Chief Executive Officer, stated, "We are excited about the progress we are making moving the Bear Lodge Critical Rare Earth Project into production and wanted to make sure we had a proven professional to communicate our successes to the market and our shareholders. Robbin's background in mining and strong communication skills make her an ideal person to help Rare Element Resources build an industry leading investor relations program."

Rare Element Resources Ltd. is a publicly traded mineral resource company focused on exploration and development of rare-earth elements (REEs), with a significant distribution of critical rare earths (CREEs). In addition to the REE exploration and evaluation efforts, the Company controls the Sundance gold project, which is located on the same property in Wyoming.

Visit the Company's Website at www.rareelementresources.com.

Forward-Looking Statements

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", "has potential to", or "intends' or by discussions of strategy or intentions. 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. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company's business model; future operations, products and services; the impact of regulatory initiatives on the Company's operations; the size of and opportunities related to the market for the Company's products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance.

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Contacts:

Rare Element Resources Ltd.

Robbin Lee

Director of Investor Relations

720.278.2462
www.rareelementresources.com