Mr. David Suleski reports

RARE ELEMENT PROVIDES INFORMATION OF CEASE TRADE ON TSX

Rare Element Resources Ltd.'s common shares will not trade on the Toronto Stock Exchange on Feb. 20, 2013. The company previously disclosed by press release the change in its fiscal year-end to Dec. 31, and also filed a Form 8K with the U.S. Securities and Exchange Commission announcing this change; however, this Form 8K was not received by the Canadian securities regulators. The B.C. Securities Commission issued a cease trade order on Feb. 19, 2013, based on its belief that the company had not made a quarterly financial filing which otherwise would have been due if the company's fiscal year-end had remained June 30. The Form 8K has now been filed with the Canadian securities regulators, and the company has been advised by the BCSC that the cease trade order will be promptly removed and that trading of its securities will resume on the TSX on Feb. 21, 2013.

The trading of the company's common shares on the NYSE MKT is not impacted.

We seek Safe Harbor.