Mr. Mark Brown reports

RARE ELEMENT SHARES TO TRADE ON THE TORONTO STOCK EXCHANGE ON MAY 27, 2011

Rare Element Resources Ltd.'s common shares will begin trading on the Toronto Stock Exchange, the senior equity trading market in Canada, as of Friday, May 27, 2011. The company will retain its current trading symbol: RES.

Mark T. Brown, chief financial officer, commented: "After listing on the NYSE Amex on Aug. 18, 2010, it made sense to also graduate the trading of our shares in Canada from Tier 1 of the TSX Venture Exchange to the TSX main trading board. We would like to thank the TSX Venture Exchange staff for their assistance over the past 10 years in being a part of building Rare Element into one of the top rare-earth companies in North America. We look forward to the benefits and greater exposure that this new listing will provide as we continue to advance our rare-earth and gold projects in Wyoming."

We seek Safe Harbor.