Rare Element Resources Ltd.

Rare Element Resources Ltd.

July 13, 2005 12:16 ET

Rare Element Appoints New President

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 13, 2005) - Rare Element Resources Ltd. (TSX VENTURE:RES) is pleased to announce that William H Bird, PhD, PGeo, has been appointed by the Board of Directors as the Company's new President and Chief Executive Officer.

Dr. Bird has a unique combination of business credentials and technical expertise in mineral exploration, development and production. He received his PhD in geology from the Colorado School of Mines and has a long-term interest in the geology of the rare-earth metals. Dr. Bird has worked in leadership roles with several companies and has been successful with acquisitions and marketing of mineral projects and companies worldwide. He acts, or has acted as a consultant, officer and independent director for many publicly traded resource companies including, most recently, International Taurus Resources Inc.

Dr. Bird will be granted, as part of his remuneration, 250,000 options to purchase 250,000 common shares of the Company at a price of $0.25 per share for a period of five years, starting on the effective date of his service agreement, with 25% of such options vested every six months.

Dr. Bird replaces Mr. Norman W Burmeister, who has served as president of Rare Element and its predecessor companies for the past eight years and will remain as an active director. The Board thanks Norm Burmeister for his commendable leadership and looks forward to his continuing assistance. Mr. Burmeister notes that, "Bill will be able to give the Bear Lodge Project the attention that it deserves and continue the Company's focus on the exploration for strategic metals, which are used in ever-expanding new technologies."

Rare Element Resources Ltd. is a mineral-resource company focused on rare-earth metals, which have been called the "enablers of modern living." These metals are required by many new technologies including the nickel-metal-hydride batteries used in hybrid cars. The US market for rare-earth metals exceeds $1 billion, with most supplied by China. The US Geological Survey states that Wyoming's Bear Lodge Mountains host extensive deposits of rare-earth mineralization. Rare Element's Bear Lodge Project covers the more significant of these mineralized areas and the company is positioned to become an important source of rare-earth metals in North America.


Mark T Brown, Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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