Rare Element Resources (REEMF)

• Rare Element Resources' Bear Lodge property in Wyoming contains significant high-grade rare-earth elements (REE) in carbonatite dikes and extensive gold occurrences within the same large alkaline-igneous complex.
• A recently completed NI 43-101-compliant inferred resource estimate indicates a REE deposit containing 9.8 million tons averaging 4.07% rare-earth oxides (REO), including 4.5 million tons of oxides averaging 4.3% REO.
• Initial metallurgical testing of the oxide material is very encouraging with 70% recovery for a grade of 14.25% REO or 90% recovery for a grade of 9.2% REO, and with considerably more testing and exploration planned.
• Newmont North America Exploration Limited, a subsidiary of Newmont Mining Corporation, is earning a 65% interest in the gold and base metals (excluding REE) at the Bear Lodge property by spending $5 million on exploration.
• Drilling results from Bear Lodge indicate thick intercepts of near-surface gold mineralization with some of the better results including:

  - 6.1 m of 1.10 g/t Au; 9.1 m of 1.18 g/t Au
  - 12.2 m of 1.09 g/t Au; 9.1 m of 1.17 g/t Au;
  - 62.5 m of 0.66 g/t Au (includes 36.6 m of 1.35 g/t);
  - 45.7 m of 0.66 g/t Au (includes 13.7 m of 1.33 g/t);

• Newmont has received a permit that allows a greatly expanded drill program on up to 200 acres of disturbance. Gold exploration drilling began in July 2009 under the permit.

BTV Rare Element Corporate Video