Rare Element Announces Independent Labs Confirm Success of Proprietary Process Technology

Rare Element Resources Ltd.

(the "Company"), a mineral resources company advancing development of the Bear Lodge Critical Rare Earth Project, located in northeastern Wyoming, announced today that two independent laboratories, Hazen Research and SGS-Lakefield, have confirmed and expanded on the initial bench scale test results reported by ANSTO, Australia. The tests confirm the success of the Company's proprietary technology to selectively recover rare earth elements (REE) from acid leach solution using oxalic acid, resulting in a bulk total rare earth oxide (TREO) concentrate with a purity level exceeding 90%. The Company has filed for a Provisional U.S. Patent on the technology. SGS-Lakefield is currently undertaking additional test work and has been awarded the contract for pilot plant testing.