Rare Element Reports 2011 Gold Drilling Assay Results

Rare Element Resources Ltd.

announces assay results from 34 rotary (reverse circulation) and two core holes drilled at the Sundance Gold Project, Wyoming (drill holes SUN-093 to SUN-128). A total of 36 drill holes containing 22,930 feet (6,989 m) were drilled during 2011, including 20 holes on near-surface targets within oxide zone mineralization at the Taylor and Smith target areas and 15 holes (7,925 feet/2,416m) of condemnation drilling in a proposed tailings disposal site in Section 16 (Figure 1).