Mr. Jaye Pickarts reports

RARE ELEMENT RESOURCES COMPLETES KEY STATE AND FEDERAL APPLICATIONS AS NEXT STEP IN BEAR LODGE PROJECT PERMITTING

Rare Element Resources Ltd. has submitted applications for two key permits necessary to mine and recover rare earth elements as the next step in the permitting process. The mine permit application, which was submitted to the Wyoming Department of Environmental Quality -- land quality division (WDEQ-LQD) on June 3, 2015, will allow the company to operate the mining and processing facilities associated with the Bear Lodge project. The company received notice from the WDEQ-LQD on June 8, 2015, that the application was deemed to be complete and that the 150-day technical review period has begun. In addition, the company submitted a licence application to the U.S. Nuclear Regulatory Commission (NRC) to possess source material on May 5, 2015. Having this licence will allow for the recovery of rare earths and the possession of small quantities of thorium and uranium that are incidental to the recovery of rare earth elements. The company plans to regularly dispose of the source material at a licensed disposal facility. The NRC has notified the company that its 90-day licence acceptance review process officially started on May 26, 2015.

"Submitting these very important permit applications continues to advance the Bear Lodge project and put us on a direct path toward completion of the regulatory requirements for permitting," said Jaye T. Pickarts, chief operating officer. "Both the NRC and WDEQ-LQD have indicated they expect the timing of their permit approvals will align with the expected completion by the U.S. Forest Service of the final environmental impact statement and receipt of the final record of decision in late summer 2016. While other state, federal and local government permits and approvals will be required, the data gathered and work done for these two principal applications will form the foundation for the remaining applications. The progress we continue to make in permitting and the innovations we have made with our separation technology make Bear Lodge one of the most advanced rare earth projects in the industry. We look forward to assuming our role as a cornerstone in the re-establishment of a reliable, long-term North American rare earth supply chain."

We seek Safe Harbor.