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Rare Element Announces Completion of 2011 Drilling Program at Bear Lodge
Published : December 05, 2011

- 63 REE Holes Completed

- 34 Gold Holes Completed

- 37 Large Diameter Holes Completed in Bulk Sampling Program

- Strong REE and Coincident Gold Mineralization in Three East Taylor Holes

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LAKEWOOD, COLORADO--(Marketwire - Dec. 5, 2011) - Rare Element Resources Ltd. (News - Market indicators)(NYSE Amex:REE) announced that its 2011 seasonal exploration and drilling program has concluded at the Bear Lodge property, located in northeast Wyoming.

Dr. Jim Clark, Vice President-Exploration stated, "We had a record year of drilling with excellent results, as indicated in our initial exploration update press releases of October 4 and October 27, 2011. Additional assay results will be received from the bulk of the drill holes over the next few months. We anticipate continuing our exploration efforts as the weather improves in 2012. The results of the initial drilling data are being modeled and incorporated into an updated resource model that will be part of the Prefeasibility Study scheduled for release during the first quarter of 2012. Updating of all resource estimates is expected in the spring of 2012."

Total drill footage for the program is 48,473.5 feet in 63 REE drill holes distributed as follows:

Area Number of Drill Holes Feet Meters
Bull Hill 36 30,921 9,175
Whitetail Ridge 16 14,029 4,277
East Taylor 7 2,610 796
Carbon 4 1,743 531

In addition to the development and exploration core drilling, an additional 37 large diameter core holes were completed to provide bulk sample material for metallurgical test work. Several 55 gallon barrels of surface mineralized material were also collected for the test work. Total bulk sample material collected through large diameter core and surface sampling is summarized below:

Mineralization Type Estimated Tons
Oxide/FMR 4
Oxide-Carbonate/OxCa 5

A total of 34 drill holes were completed this year for the benefit of the gold exploration program. The gold drilling was distributed as follows:

Area RC Drill Holes   Core Drill Holes   Feet   Meters
Section 16 (exploration/condemnation) 13       7,355   2,242
Smith 8       5,410   1,649
Taylor 11       7,555   2,303
Cole     1   843   257
Bull Hill NW     1   1,198   365

A CSAMT (Controlled Source AudiMagneto Telluric) geophysical survey was conducted in support of both the gold and REE exploration programs.

Rare Element Resources Ltd (News - Market indicators)(NYSE Amex:REE) is a publicly traded mineral resource company focused on exploration and development of rare-earth elements and gold on the Bear Lodge property.

Rare-earth elements are key components of the green energy technologies and other high-technology applications. Some of the major applications include hybrid automobiles, plug-in electric automobiles, advanced wind turbines, computer hard drives, compact fluorescent light bulbs, metal alloys, additives in ceramics and glass, petroleum cracking catalysts, and a number of critical military applications. China currently produces more than 95% of the 130,000 metric tonnes of rare-earths consumed annually worldwide, and China has been reducing its exports of rare earths each year. The rare-earth market is growing rapidly, and is projected to accelerate if the green technologies are implemented on a broad scale.

Donald E. Ranta, PhD, PGeo, serves the Board of Directors of the Company as an internal, technically Qualified Person. Technical information in this news release has been reviewed by Dr. Ranta and has been prepared in accordance with Canadian regulatory requirements that are set out in National Instrument 43-101. This news release was prepared by Company management, who take full responsibility for content.

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.

Forward-looking statements used in this discussion are subject to various risks and uncertainties, most of which are difficult to predict and generally beyond the control of the Company. If risks or uncertainties materialize, or if underlying assumptions prove incorrect, our actual results may vary materially from those expected, estimated or projected. Forward-looking statements in this document are not a prediction of future events or circumstances, and those future events or circumstances may not occur. Given these uncertainties, users of the information included herein, including investors and prospective investors are cautioned not to place undue reliance on such forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Rare Element Resources Ltd.
Anne Hite
Director of Investor Relations
720.278.2466
www.rareelementresources.com

Rare Element Resources Ltd.

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Rare Element Res. est une société d’exploration minière d'or basée au Canada.

Rare Element Res. détient divers projets d'exploration en USA.

Ses principaux projets en exploration sont BEAR LODGE et SUNDANCE GOLD en USA.

Rare Element Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 10,9 millions CA$ (10,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 12 août 2011 à 9,95 CA$, et son plus bas niveau récent le 01 janvier 2016 à 0,21 CA$.

Rare Element Res. possède 52 940 000 actions en circulation.

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Attributions d'options de Rare Element Resources Ltd.
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11/06/2010(Bear Lodge)Drilling Begins; Stock options granted
Nominations de Rare Element Resources Ltd.
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24/08/2011appoints Chief Financial Officer
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Rapports Financiers de Rare Element Resources Ltd.
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Projets de Rare Element Resources Ltd.
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12/08/201510-Q for Rare Element Resources Ltd.
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15/05/201510-Q for Rare Element Resources Ltd.
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03/02/2014Transitions Geological Team
21/01/2014Files for Utility Patent on Recovery Technology
19/12/2013Trouble with the tables?
16/12/2013Announce EIS Contractor and PM
12/11/20133rd Quarter Results
25/09/2013Announces $8.0 Million Offering
11/06/2013Files Shelf Registration
05/06/2013Independent Labs Confirm Success of Rare Element's Proprieta...
03/05/2013Files NI 43-101 Technical Report Detailing Previously Announ...
19/04/2013Mark T. Brown Resigns as Director of Rare Element
18/03/2013Reports December 31, 2012 Financial Results, Substantial Inc...
11/03/2013Reports Additional Drilling Results High in Critical Rare Ea...
25/02/2013to Present at Upcoming PDAC 2013 Investor Exchange
20/02/2013provides information of cease trade on TSX
10/12/2012Drilling Results Expand District-wide Enrichment Zones of Cr...
08/11/2012Announces Annual General Meeting and Director Nominees; Adop...
16/10/2012Provides Support to Colleges and Universities for REE Resear...
21/09/2012Added to S&P/TSX SmallCap Index
13/09/2012(Bear Lodge)Announces June 30, 2012 Year End and Fourth Quarter Financia...
13/08/2012s Its Community Relations Activities
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13/04/2012(Bear Lodge)Announces Revised and Improved Economic Results from Pre-Fe...
12/04/2012Schedules Conference Call for Tuesday, April 17, 2012, 3:30p...
26/03/2012Reports Additional 2011 Rare Earth Element and Gold Drilling...
15/03/2012Commences Separation Testing and Heavy Rare Earth Testing
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27/02/2012Reports 2011 Gold Drilling Assay Results, Including the Best...
10/02/2012(Bear Lodge)Files December 31 Second Quarter Financial Results and Updat...
22/01/2012Chairman Don Ranta interviewed by Charles Payne on Fox Busin...
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01/12/2009Options Eden Lake Rare-Earth Property to Medallion
19/11/2009Files US SEC Registration Form 20F
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18/02/2008's Rare-Earths Metallurgical Testing Underway
17/01/2008' new corporate profile
11/01/2008Upcoming conference
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