Rare Element Provides Information of Cease Trade on TSX

Rare Element Provides Information of Cease Trade on TSX 
One day TSX cease trade due to change in fiscal year-end filing
timing 
LAKEWOOD, COLORADO -- (Marketwire) -- 02/20/13 -- Rare Element
Resources Ltd. (NYSE Amex:REE)(NYSE MKT:REE)(TSX:RES) (the "Company")
advises that its common shares will not trade on the TSX on February
20, 2013. The Company previously disclosed by press release the
change in its fiscal year-end to December 31, and also filed a Form
8K with the U.S. Securities and Exchange Commission ("SEC")
announcing this change; however, this Form 8K was not received by the
Canadian securities regulators. The British Columbia Securities
Commission (the "BCSC") issued a cease trade order on February 19,
2013 based on its belief that the Company had not made a quarterly
financial filing which otherwise would have been due if the Company's
fiscal year-end had remained June 30. The Form 8K has now been filed
with the Canadian securities regulators, and the Company has been
advised by the BCSC that the cease trade order will be promptly
removed and that trading of its securities will resume on the TSX on
February 21, 2013. 
The trading of the Company's common shares on the NYSE MKT is not
impacted. 
For information please refer to the Company's website at
www.rareelementresources.com. 
Rare Element Resources Ltd. is a publicly traded mineral resource
company focused on exploration and development of rare-earth elements
(REEs), with a significant distribution of critical rare earths
(CREEs). In addition to the REE exploration and evaluation efforts,
the Company controls the Sundance gold project, which is located on
the same property in Wyoming. 
Forward-Looking Statements 
This news release contains forward-looking statements within the
meaning of securities legislation in the United States and Canada.
Except for statements of historical fact, certain information
contained herein constitutes forward-looking statements. Forward
looking statements are usually identified by our use of certain
terminology, including "will", "believes", "may", "expects",
"should", "seeks", "anticipates", "has potential to", or "intends' or
by discussions of strategy or intentions. Such forward-looking
statements involve known and unknown risks, uncerta
inties and other
factors which may cause our actual results or achievements to be
materially different from any future results or achievements
expressed or implied by such forward-looking statements.
Forward-looking statements are statements that are not historical
facts, and include but are not limited to, estimates and their
underlying assumptions; statements regarding plans, objectives and
expectations with respect to the effectiveness of the Company's
business model; future operations, products and services; the impact
of regulatory initiatives on the Company's operations; the size of
and opportunities related to the market for the Company's products;
general industry and macroeconomic growth rates; expectations related
to possible joint and/or strategic ventures and statements regarding
future performance.
Contacts:
Rare Element Resources Ltd.
David Suleski
720-278-2468
www.rareelementresources.com