Rare Element Resources Ltd. (the "Company") held its Annual General Meeting of Shareholders (the "Annual Meeting") on December 11, 2012. Of the 44,824,245 common shares issued and outstanding as of the record date, 26,258,084 common shares (approximately 58.58%) were present or represented by proxy at the Annual Meeting. The results of the voting on the matters submitted to the shareholders are as follows:

(1) Election of Donald E. Ranta, Randall J. Scott, M. Norman Anderson, Mark T. Brown, Norman W. Burmeister, Gregory E. McKelvey, Paul Schlauch and Paul Zink to the Company's Board of Directors.

                                                               BROKER
              NAME                      FOR      WITHHELD    NON-VOTES
              Donald E. Ranta        9,353,810     722,597   16,181,677
              Randall J. Scott       9,301,010     775,397   16,181,677
              M. Norman Anderson     9,724,856     351,551   16,181,677
              Mark T. Brown          8,729,874   1,346,533   16,181,677
              Norman W. Burmeister   9,354,281     722,126   16,181,677
              Gregory E. McKelvey    9,202,110     874,297   16,181,677
              Paul Schlauch          9,815,690     260,717   16,181,677
              Paul Zink              9,777,733     298,674   16,181,677

(2) Ratification of the appointment of Ehrhardt Keefe Steiner & Hottman PC, Certified Public Accountants as our independent registered public accounting firm.