Categories: Base Metals / Precious Metals
Topics: General Base Metals / General Precious Metals

Rare Element Resource names Bob Bishop to the companies Advisory Board

Mr. Donald Ranta reports

RARE ELEMENT RESOURCES NAMES BOB BISHOP TO THE ADVISORY BOARD; UPDATES ON RARE EARTHS 43-101 TECHNICAL REPORT AND GRANTS STOCK OPTIONS

Rare Element Resources Ltd. has named Bob Bishop to the company's advisory board, provided an update on progress of a rare earths National Instrument 43-101 technical report and issued stock options.

Advisory board addition

Mr. Bishop has joined Rare Element Resources' advisory board. From 1983 until 2007, Mr. Bishop was the editor and publisher of Gold Mining Stock Report, a subscription-based newsletter focused primarily on junior resource companies. He remains an active investor in the sector, is one of the largest shareholders in Rare Element Resources and maintains widespread contacts throughout the industry.

The advisory board is a broadly experienced team of well-known industry experts representing technical, financial and corporate relations functions that will help the company efficiently increase its value. In addition to being available for advice to the executive team of the company, the advisory board members will be available for specific consulting needs and will network on behalf of the company.

NI 43-101 rare earths update

Rare Element Resources continues to advance the NI 43-101 technical report with a resource estimate on the rare earths at the Bear Lodge property. Recent successful drilling has been incorporated into this report and the company expects to have the report released in the next 60 days.

Grant of stock options

Rare Element Resources has issued stock options to its directors, officers and consultants for a total of 1.4 million options to purchase common shares of the company at an exercise price of 58 cents per share for a period of five years, expiring on Jan. 27, 2014, subject to the TSX Venture Exchange's approval.