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2008 Gold Exploration Program Initiated at Rare Element's Sundance Project
Tuesday July 15, 11:00 am ET

TSX-V: RES Ref: 08-2008

Both to the northeast and southwest of the Carbon target, where 14 holes have been drilled by Newmont, gold soil anomalies have been identified, and the area to the southwest also has a coincident strong IP anomaly. East of the Taylor target, where 12 holes have been drilled by Newmont, another IP anomaly is found in a topographic low area named the East Taylor Bowl, which also has some gold soil anomalies and a magnetic low anomaly.

Geophysical Survey - Induced Polarization:

An Induced Polarization survey is planned beginning in July to cover the East and West breccias at the Smith target. This IP survey will extend historical IP data, which covers the Taylor and part of the Carbon targets, toward the east. IP work will extend to the southeast from Smith surveying along trend toward the highly prospective Richardson area. The total survey will cover up to 27.5 line kilometers. In addition a detailed ground magnetometer survey will be conducted on the East Taylor Bowl target.

Geochemical Survey - Soil Survey:

Soil sampling and analysis in the 2008 program has begun filling gaps in our coverage at Smith and adjacent areas with approximately 600 samples. These soil samples will provide additional 100 m X 100 m coverage in the central and most prospective portion of the project area. Other samples in outlying areas are designed to extend existing anomalies.

Rare Element Resources Ltd (TSX-V: RES - News) is a publicly traded mineral-resource company focused on gold and strategic metals such as the rare-earth elements. Paso Rico (USA) Inc, a subsidiary of Rare Element Resources, and Newmont North America Exploration Limited, a subsidiary of Newmont Mining Corporation, have entered into the Sundance gold-exploration joint venture on Rare Element Resources' Wyoming property. Newmont has the right to earn a 65% working interest in Rare Element Resources' property, excluding any rights to the rare-earth elements and uranium but including rights to gold and other metals, by performing US$5 million in property work expenditures over a five-year period. Newmont also has the right to earn an additional 15% working interest by completing a positive project feasibility study.

The Sundance joint venture is employing the alkaline-intrusive complex gold-exploration model, as exemplified by the Cripple Creek, Colorado gold deposit. Exploration results generated by Sundance suggest similarities between Cripple Creek and Rare Element's Bear Lodge property.

Rare Element Resources' Bear Lodge, Wyoming property also encompasses one of the largest disseminated rare-earth occurrences in North America (M.H. Staatz, U.S. Geological Survey Professional Paper 1049D). In parallel with the Sundance gold-focused exploration project, Rare Element Resources is independently advancing the rare-earth potential of its property with a 2008 drilling and metallurgical testing program.

	    ON BEHALF OF THE BOARD

	    Donald E Ranta, PhD, PGeo,
	    President & CEO

For further information

refer to the Company's website at www.rareelementresources.com or contact: Donald E Ranta, President & CEO, (604) 687-3520, don@rareelementresources.com
Mark T. Brown, CFO, (604) 687-3520 ext 242, mtbrown@pacificopportunity.com