Rare Element Resources has 100% interest in two exciting opportunities on its Bear Lodge Property in Wyoming – rare earths and gold. Rare earths are the primary target being explored and evaluated by the Company. The Bear Lodge alkaline-igneous complex hosts one of the largest disseminated (low-grade) rare-earth element (REE) deposits in North America (USGS Professional Paper 1049D). The Company is focused on exploring high-grade rare-earth zones within this system, which are naturally enriched in some of the most widely used and more valuable REEs. In addition, extensive gold mineralization that surrounds the rare-earth core area is being explored with goals to estimate gold resources and to discover a larger gold system.