Rare Element (REE) Approved for New Test to Separate RE Product, Concentrates at Bear Lodge Project

Rare Element Resources Ltd. (AMEX: REE) has entered into an agreement with the Australian Nuclear Science and Technology Organization (ANSTO) to develop and test a process to produce separated rare earth (RE) products from concentrates derived from ore material at the Bear Lodge project, Wyoming. Rare Element has also begun metallurgical testing of drill core samples from the three project areas that were discovered to contain high-grade heavy rare earth elements (HREEs) as announced in August, 2011. This test work is being conducted at Mountain States R&D International (MSRDI) in Vail, Arizona.

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