Rare Element Appoints 2011 Geological Team & Grants Options

TSX-V: RES & AMEX: REE

VANCOUVER, March 24 /PRNewswire-FirstCall/ - Rare Element Resources Ltd. ( AMEX: REE) (TSXV: RES)  has appointed the following people to lead the 2011 exploration programs at the 100% owned Bear Lodge REE and Sundance Gold Projects in Crook County, Wyoming.

James G. ("Jim") Clark, Ph.D., L.Geo. - Vice President of Exploration

Jim Clark continues in his position as Vice President of exploration, where he has overall responsibility for all of Rare Element's exploration activities. Dr. Clark has worked with Rare Element for the past 8 years. He has had intermittent involvement with the Bear Lodge property since 1986, up to 17 years before Rare Element acquired the project in 2002. Dr. Clark was responsible for the initial discovery and partial delineation of REE mineralization at the Bull Hill SW and Bull Hill NW deposits, and he has led the exploration teams since Rare Element acquired the project. Dr. Clark has extensive experience with the geology and mineralization of numerous REE properties in North America, and he has worked on other REE and alkaline-igneous related commodities in projects outside of North America. He received his Ph.D. in geology from the University of Oregon in 1983.

John T. Ray, M.S. - Exploration Manager

John Ray is appointed to the position of Exploration Manager. Mr. Ray is now responsible for REE and gold exploration activities at the Company's Bear Lodge and Sundance Projects, respectively.  Following his term as Newmont Mining's on-site project manager at the Sundance project from 2004-2009, John was retained by Rare Element to manage its Sundance gold exploration project in 2010. John supervised the work that led to the Company's first ever gold resource estimate, announced in a news release dated March 14, 2011. John has worked previously for INCO/ACNC and as a consultant for many major mining corporations. He received his M.S. in geology from the University of North Dakota in 1979, where he did his thesis work on the Tinton alkaline complex, not far from the Bear Lodge project.

Ellen D. Leavitt, Ph.D., CPG - Chief Geologist-REE

Ellie Leavitt is appointed to the position of Chief Geologist/REE. Ellie has consulted for the Company since 2008. She managed the Company's REE resource definition and exploration programs in 2010, overseeing the drilling of more than 45,000 feet of core and expansion of the resource base at the Bull Hill SW and Bull Hill NW deposits. Ellie will be responsible for direct oversight of the REE exploration program. She has almost 30 years of mineral exploration and environmental geology experience, and has made major contributions to the Bear Lodge REE project. Dr. Leavitt received her Ph.D. in geology from the University of Nevada, Reno in 2004.

James D. Leavitt, M.S. - Chief Geologist/Gold

James D. Leavitt is appointed as Chief Geologist/Gold. Jim will oversee all aspects of the Company's Sundance project gold exploration program. Jim brings a wealth of gold exploration experience to the Company. He has more than 30 years of experience conducting gold and base metal exploration projects in the U.S. and internationally. Jim has worked for Noranda Exploration, Homestake Mining, the U.S. Geological Survey, U.S. Gold, and Agnico-Eagle. He received his M.S. degree in geology from the University of Oregon in 1980.

Rare Earth and Gold Exploration Teams

The Rare Element's on-site REE exploration team will consist of 6 additional professional, geologists plus support personnel. The gold exploration team includes 3 additional geologists plus support personnel. The Company expects to have three core drilling rigs and a reverse circulation drill rig in order to accomplish a 40,000 ft+ REE drill program and a 20,000 ft + gold drill program in 2011.

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