Rare Element to Announce Sundance Gold-Assay Results

    TSX-V: RES

    VANCOUVER, Sept. 28 /CNW/ - Rare Element Resources Ltd (TSX-V: RES)
announces that it has received gold-assay results from the Sundance joint
venture sooner than expected and has requested that the stock be halted while
this information is prepared for disclosure. The Company will announce these
results and will also announce certain management changes shortly.

    Rare Element Resources Ltd (TSX-V:RES) 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


    William H Bird, PhD, PGeo, President & CEO

    William H. Bird, 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 Bird 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.

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

For further information:

For further information: refer to the Company's website at
www.rareelementresources.com or contact: William H Bird, President & CEO,
(604) 687-3520 ext 229, birdwill@aol.com; Mark T Brown, CFO, (604) 687-3520
ext 242, mtbrown@pacificopportunity.com

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