Rare Element Resources Ltd.

100% interest - Bear Lodge property, Wyoming - One of the largest disseminated Rare Earth deposits in North America

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Message: Rare Element shares to trade on the Toronto Stock Exchange on May 27, 2011




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NYSE-Amex: REE & TSX-V: RES




VANCOUVER, May 26, 2011 /PRNewswire/ - Rare Element Resources Ltd. (NYSE-Amex: REE and TSX-V: RES) (the "Company" or "Rare Element") announced that its 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, CFO, commented that "After listing on the NYSE Amex on
August 18, 2010, it made sense to also graduate the trading of our
shares in Canada from Tier One 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."


Rare Element's common shares and options trade on the NYSE Amex under
the symbol REE in United States dollars. Rare Element's common shares
have also regularly traded in Germany on the Frankfurt Stock Exchange
under the symbol "R8V" in euros. In addition, like many companies
listed in Canada, trades in the Company's common shares are often
completed on alternative trading platforms which regularly account for
over 10% of the trading volume in Canada for Rare Element's common
shares.


Rare Element currently has 43,871,173 common shares outstanding and
approximately US$72 million in cash and no debt.


Rare Element Resources Ltd (TSX-V: RES & NYSE-Amex: REE) is a publicly traded mineral resource company focused on exploration and
development of rare-earth elements and gold on the Bear Lodge property.


Rare-earth elements are key components of the green energy technologies
and other high-technology applications. Some of the major applications
include hybrid automobiles, plug-in electric automobiles, advanced wind
turbines, computer hard drives, compact fluorescent light bulbs, metal
alloys, additives in ceramics and glass, petroleum cracking catalysts,
and a number of critical military applications. China currently
produces more than 95% of the 130,000 metric tonnes of rare-earths
consumed annually worldwide, and China has been reducing its exports of
rare earths each year. The rare-earth market is growing rapidly, and is
projected to accelerate if the green technologies are implemented on a
broad scale.




ON BEHALF OF THE BOARD
Mark T. Brown CA, CFO




Forward Looking Statements


Except for statements of historical fact, certain information contained
herein constitutes forward-looking statements. Forward looking
statements are usually identified by our use of certain terminology,
including "will", "believes", "may", "expects", "should", "seeks",
"anticipates", "has potential to", or "intends' or by discussions of
strategy or intentions. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause our
actual results or achievements to be materially different from any
future results or achievements expressed or implied by such
forward-looking statements. Forward-looking statements are statements
that are not historical facts, and include but are not limited to,
estimates and their underlying assumptions; statements regarding plans,
objectives and expectations with respect to the effectiveness of the
Company's business model; future operations, products and services; the
impact of regulatory initiatives on the Company's operations; the size
of and opportunities related to the market for the Company's products;
general industry and macroeconomic growth rates; expectations related
to possible joint and/or strategic ventures and statements regarding
future performance.


Forward-looking statements used in this discussion are subject to
various risks and uncertainties, most of which are difficult to predict
and generally beyond the control of the Company. If risks or
uncertainties materialize, or if underlying assumptions prove
incorrect, our actual results may vary materially from those expected,
estimated or projected. Forward-looking statements in this document are
not a prediction of future events or circumstances, and those future
events or circumstances may not occur. Given these uncertainties, users
of the information included herein, including investors and prospective
investors are cautioned not to place undue reliance on such
forward-looking statements.


Donald E. Ranta, PhD, PGeo, serves the Board of Directors of the Company
as an internal, technically Qualified Person. Technical information in
this news release has been reviewed by Dr. Ranta and has been prepared
in accordance with Canadian regulatory requirements that are set out in
National Instrument 43-101.


This news release was prepared by Company management, who take full
responsibility for content. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.










SOURCE Rare Element Resources Ltd.

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