People: Rare Element Resources Ltd (REE)

Summary

Name	Age	Since	Current Position
Donald Ranta	70	2011	Chairman of the Board
Randall Scott	61	2012	President, Chief Executive Officer, Director
David Suleski	51	2011	Chief Financial Officer
Jaye Pickarts	54	2011	Chief Operating Officer
Kelli Kast	45	2012	Vice President, Chief Administrative Officer, General Counsel, Corporate Secretary
George Byers	65	2011	Vice President - Government and Community Relations
James Clark	64	2010	Vice President - Exploration
Robbin Lee		2013	Director of Investor Relations
Lowell Shonk		2013	Director
M. Norman Anderson	81	2011	Independent Director
Norman Burmeister	73	2003	Independent Director
Gregory McKelvey	69	2008	Independent Director
Paul Schlauch	70	2011	Independent Director

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Biographies

Name	Description
Donald Ranta	Dr. Donald E. Ranta, Ph.D., P.Geo., has been appointed as the Chairman of the Board of Rare Element Resources Ltd. He is an exploration and development executive experienced in planning, implementing and directing exploration and qualification programs throughout North America and South America. Mr. Ranta was appointed Chairman of the Board of Directors of the Company in December 2011 and has been a Director of the Company since May 2007. He served as the Company’s President and Chief Executive Officer from October 2007 to December 2011. Since July 2008, Mr. Ranta has been a director of Avrupa Minerals Ltd., and since September 2008, he has been a director of Otis Gold Corp. Previously, Mr. Ranta was Vice President of Exploration for Echo Bay Mines and Manager/Vice President for North American Exploration at Phelps Dodge Mining Company. Mr. Ranta also served as the President and board member of the Society for Mining, Metallurgy & Exploration. Mr. Ranta obtained a Bachelor of Science degree from the University of Minnesota in June of 1965, a Masters degree from the University of Nevada in June of 1967 and a PhD from the Colorado School of Mines in May of 1974.
Randall Scott	Mr. Randall J. Scott, MBA, is President, Chief Executive Officer, Director of Rare Element Resources Ltd. Mr. Scott is a metallurgical engineer with over thirty years of experience in the industry. His experience includes leading performance teams in operations, administration, project development program management, business development and improvement initiatives. Mr. Scott was appointed as a Director of the Company in February 2012 and as President and Chief Executive Officer in December 2011. Mr. Scott previously worked for Thompson Creek Metals Company Inc. as Vice President, Corporate Responsibility and Strategy from May 2011 to November 2011, as Director Strategic Management from August 2010 to May 2011 and as Project Sponsor Enterprise Resource Planning Implementation from January 2010 to August 2010. Prior to that, he served as Vice President of Metals Norwest Corporation during January 2010. From 2002 until 2009, he served as the Principal Real Estate Agent and Team Leader for Scott Home and Land Real Estate Team. Mr. Scott held senior management positions with Cyprus Amax Coal Company and RAG American Coal Company from 1995 to 2001, and prior to that Mr. Scott held senior management positions with Cyprus Metals Company from 1989 until 1995. Mr. Scott received his Bachelor of Science degree in metallurgical engineering from the Colorado School of Mines and his Masters of Business Administration from the University of Arizona.
David Suleski	Mr. David P. Suleski, BBA, CPA, is Chief Financial Officer of Rare Element Resources Ltd., since August 22, 2011. Mr. Suleski is a Certified Public Accountant (inactive status) and has held numerous senior financial roles with various international mining companies. Mr. Suleski was appointed as the Company’s Chief Financial Officer in August 2011. Previously, he served as Vice President and Chief Financial Officer of Atna Resources Ltd., a company listed on the Toronto Stock Exchange (“TSX”) with an operating gold mine and several advanced stage gold exploration projects, from March 2008 to July 2011 and as Vice President, Chief Financial Officer, Treasurer and Corporate Secretary of Canyon Resources Corp., Atna Resources Ltd.’s predecessor, from January 2006 to March 2008. In addition, Mr. Suleski has held financial and accounting positions with increasing levels of responsibility at diverse financial, accounting and mining companies including Arthur Young and Company, Coopers and Lybrand, Cyprus Amax Mineral Company, Pulte Mortgage, Apex Silver Mines Corporation and NM Rothschild & Sons (Denver) Incorporated. Mr. Suleski has a Bachelor of Business Administration degree in accounting from the University of Wisconsin - Whitewater and received his Certified Public Accountant certification in 1987.
Jaye Pickarts	Mr. Jaye T. Pickarts P.E., is Chief Operating Officer of Rare Element Resources Ltd., since March 14, 2011. He is a metallurgical engineer with more than 25 years of project evaluation and operations experience in the metal mining industry. Prior to his appointment as Chief Operating Officer of the Company in March 2011, he was the Senior Vice President and director of Knight Piesold and Company in Denver, Colorado for 12 years, where he was responsible for coordinating the completion of many feasibility studies and environmental permitting programs in the western United States as well as internationally. Mr. Pickarts obtained a Bachelor of Science degree in mineral processing engineering from the Montana College of Mineral Science and Technology and completed the Business Administration Graduate Program at the University of Nevada, Reno. He is also a registered Professional Engineer in Colorado and Nevada and is considered to be a “Qualified Person” in accordance with applicable Canadian securities laws.
Kelli Kast	Ms. Kelli C. Kast, Esq., has been appointed as Vice President, Chief Administrative Officer, General Counsel, Corporate Secretary of Rare Element Resources Ltd., effective July 2, 2012. Ms. Kast has over sixteen years of in-house legal experience, including seven years as a top legal officer in the precious metals industry. Ms. Kast was appointed Vice President, General Counsel, Chief Administrative Officer and Corporate Secretary in July 2012. Prior to joining the Company, Ms. Kast served as Coeur d’ Alene Mine’s Vice President, General Counsel and Corporate Secretary from May 2005 to March 2009 and additionally as its Chief Administrative Officer from March 2009 to December 2011. Prior thereto, Ms. Kast was Corporate Counsel for HealtheTech Inc. from 2004 to 2005 and the Assistant General Counsel and Corporate Secretary for Global Water Technologies Inc. and Psychrometric Systems, Inc. from 1997 through 2003. Ms. Kast earned her Juris Doctor from the University of South Dakota School of Law and her Bachelor's degree from the University of Idaho.
George Byers	Mr. George C. Byers M.A., is Vice President - Government and Community Relations of Rare Element Resources Ltd., since February 11, 2011. He is a 35 year mining and energy industry veteran with executive experience in federal, state and local government relations. Prior to his appointment as the Vice President of Government and Community Relations of the Company in February 2011, Mr. Byers acted as a consultant to the precious metals, rare earths, copper and uranium industries on a variety of public and government issues. He is the former President of the Northwest Mining Association, and presently serves on each of the board of directors for the Mountain States Legal Foundation, the Citizens’ Alliance for Responsible Energy (CARE), the University of Mississippi Engineering School Advisory Board and the Mississippi Mineral Resources Institute. Mr. Byers obtained a Bachelor of Arts degree in Geology from the University of Mississippi in 1969 and a Masters of Urban & Regional Planning (MURP) from the University of Mississippi in 1974.
James Clark	Dr. James G. Clark Ph.D., is Vice President - Exploration of Rare Element Resources Ltd. He has more than 30 years of mineral and rare earth industry experience. Dr. Clark has planned, organized, and conducted all aspects of project exploration and target generation work as an employee and a consultant for a variety of mining companies, including Molycorp and Hecla Mining Company. Dr. Clark has a field orientation with supervisory and project management experience in exploration programs for industrial minerals, precious and base metals, and specialty metals. He was senior geologist, then exploration supervisor, for Hecla Mining Company from 1986 through 1992. Dr. Clark has experience in the exploration and mineralogical characterization of commodities related to alkaline igneous rocks, including rare earth elements (REE's), Niobium, and gold. He has consulted for a number of rare earth exploration companies, including Quest Rare Minerals, Ucore, and Namibia Rare Earths. Dr. Clark holds a Ph.D. in volcanic geology and igneous petrology from the University of Oregon, an M.S. in geological oceanography from Oregon State University, and a B.S. in geology from The Ohio State University. He is a licensed geologist in the state of Washington.
Robbin Lee	Ms. Robbin Lee has been appointed as the Director of Investor Relations of Rare Element Resources Ltd., with effect from April 29, 2013. Ms. Lee is an Investor Relations professional with over 20 years of experience working for domestic and international as well as large- and small-cap companies. Prior to their merger with AMB Property, she was Vice President of Investor Relations for ProLogis. The ProLogis IR program received numerous awards during Ms. Lee's tenure, including several top rankings by Institutional Investor for the real estate investment sector. Prior to ProLogis, she spent 12 years in senior IR roles for a number of companies in the mining sector, including Echo Bay Mines, PolyMet Mining and Atlas Corporation.
Lowell Shonk	Mr. Lowell A. Shonk is Director of Rare Element Resources Ltd., with effect from 24 April 2013. Mr. Shonk has held numerous financial-related positions in the last 30 years in companies in the copper, molybdenum, gold, coal, iron ore, industrial minerals, and lithium extractive and processing industries, both domestically and internationally. Mr. Shonk served as vice-president of financial operations and analysis at Phelps Dodge Corp. and Freeport-McMoRan Copper & Gold from 1999 through 2009. Prior to that, he spent 20 years in finance roles, including controller/chief financial officer for various divisions of Cyprus Amax and its predecessor mining companies. Mr. Shonk is the vice-chairman of Cupric Canyon Capital LP/LLC, a private equity company in partnership with Barclays Capital focused on investing in early stage copper projects worldwide. He served as chief executive officer in 2012 and early 2013 and serves as a director for Hana Mining Co. Ltd., a formerly Toronto Stock Exchange-listed company that Cupric acquired in 2013. He also serves as chairman of Eiseb Exploration and Mining Ltd., a privately owned company 55 per cent owned by Cupric, conducting copper and silver exploration in Namibia. Mr. Shonk has a master's degree from Colorado School of Mines in mineral economics, and an MBA from the University of Colorado in finance and accounting. He is currently the chairman of the audit committee of the Society of Mining, Metallurgy and Exploration.
M. Norman Anderson	Mr. M. Norman Anderson is an Independent Director of Rare Element Resources Ltd. He worked with Cominco, now Teck Resources, during which time he spent a four-year period in an executive position with Amax Lead Zinc Inc. In 1978, he became President and Chief Operation Officer of Cominco, and in 1980 he assumed complete responsibility for Cominco’s business as Chairman and Chief Executive Officer. Mr. Anderson left the Chairman and Chief Executive Officer position of Comico in 1986 and has been a director and consultant to the mining industry since that time. He is a current director of Barkerville Gold Mines (since June 2012). Mr. Anderson has also been a director of other mining companies including Cia de Minas Bonaventura SA (February 1995-March 2011); Hudbay Minerals Ltd. (December 2004-March 2009); and Anatolia Mineral Development Ltd. (January 2004-April 2008). Mr. Anderson obtained a Bachelor of Science degree from the University of Manitoba, became a Professional Engineer in 1961 and became a fellow of the Institute of Materials, Minerals and Mining in 1989.
Norman Burmeister	Mr. Norman W. Burmeister is an Independent Director of Rare Element Resources Ltd. Mr. Burmeister graduated from the Colorado School of Mines in Mining Geology in 1961 and has over 50 years of experience in the mining industry. He was Chief Geologist for Silver Standard Resources from 1965 to 1978, responsible for two grass root discoveries, the Minto copper deposit in Yukon and the Mill Creek gold deposit in Nevada, both of which became producing ore bodies. In 1980, he founded Bull Run Corporation and served as its Chairman/CEO until 1992. During that period Bull Run found, explored and developed a gold mine in Elko County, Nevada. From 2003 to 2007, he was the President and Chief Executive Officer as well as a director of Bayswater Uranium Corp. In 1998, Mr. Burmeister identified the Bear Lodge opportunity and was responsible for its acquisition. From 2003 to 2005, he was the President and Chief Executive Officer of the Company and its predecessor companies. From March 2006 until May 2012, Mr. Burmeister was the President, Chief Executive Officer and a director of Saratoga Gold Company Ltd.
Gregory McKelvey	Mr. Gregory E. McKelvey is an Independent Director of Rare Element Resources Ltd. He has more than forty years of international experience in Latin America, Africa and Europe in expanding responsibilities for mining companies such as Kennecott, Cominco, Homestake, and Phelps Dodge. He also acts as an Adjunct Faculty member at the University of Arizona in their International Center for Mining Health, Safety and Environment and worked for the United States Geological Society in Latin America. Mr. McKelvey has directed and led innovative exploration efforts, resulting in the discovery and identification of several ore deposits. Previously, he acted as the Managing Partner of Global Mine Discovery Partnership LLC (2001-2004), and, since April 2005, he has been a geologic consultant for Quadra Mining, Newmont Gold, Gerald Minerals and Phelps Dodge Exploration Corporation. He is the former President and CEO of Animas Resources Ltd. (2007-2011) and currently serves as a director of Avrupa Minerals Ltd. (since July 2008) and Redhawk Resources Inc. (since November 2009). He obtained a Bachelor of Arts degree in Geology in June of 1966 from the University of Montana and a Master’s degree in Geology in May of 1967 from Franklin & Marshall College.
Paul Schlauch	Mr. Paul Schlauch is an Independent Director of Rare Element Resources Ltd., since July 05, 2011. Mr. Schlauch has more than forty years of experience in legal issues relating to the mining industry. He was a practicing attorney at Holland and Hart from February 1995 until his retirement as a Partner in December 2009 and as Of Counsel in July 2011. His former practice included providing legal counsel on diverse mining issues including operational and regulatory matters, litigation, arbitration, structuring and negotiation of mining related transactions, and many other legal activities associated with mining, and exploration and development activities. After retiring from Holland and Hart, Mr. Schlauch continued to provide legal consulting for the Company until July 2012. Mr. Schlauch has worked on public land legal issues as they relate to location, maintenance and patenting of mining and mill site claims, land exchanges, acquisition of various property use rights and the resolution of claim conflicts. From 2000 to 2010, he served as an Adjunct Professor of law at the University of Denver School of Law, where he has taught courses on mineral law and policy. Mr. Schlauch has been active in natural resource industry professional organizations and is the past President of the Rocky Mountain Mineral Law Foundation, as well as the past President of the International Mining Professionals Society. Mr. Schlauch graduated cum laude with an A.B. in chemistry from Colgate University in 1963 and completed a law degree in 1966 at the University of Virginia. He also holds an appointment as an Honorary Lecturer and Course Director on the Faculty of the Centre for Energy, Petroleum and Minerals Law and Policy at the University of Dundee, Scotland.

Basic Compensation

Name	Fiscal Year Total
Donald Ranta	545,153
Randall Scott	535,611
David Suleski	1,615,360
Jaye Pickarts	519,240
Kelli Kast	--
George Byers	337,094
James Clark	452,593
Robbin Lee	--
Lowell Shonk	--
M. Norman Anderson	--
Norman Burmeister	--
Gregory McKelvey	--
Paul Schlauch	--

As Of 29 Jun 2012

Options Compensation

Name	Options	Value
Donald Ranta	245,000	2,035,060
Randall Scott	0	0
David Suleski	0	0
Jaye Pickarts	0	0
Kelli Kast	0	0
George Byers	0	0
James Clark	80,000	664,934
Robbin Lee	0	0
Lowell Shonk	0	0
M. Norman Anderson	0	0
Norman Burmeister	0	0
Gregory McKelvey	0	0
Paul Schlauch	0	0

Insider Trading

Name	Shares Traded	Price
MCKELVEY GREGORY ELLIS	38,000	$3.40
BURMEISTER NORMAN WILLIAM	150,000	$0.59
BURMEISTER NORMAN WILLIAM	24,376	$3.61
RANTA DONALD ELI	9,000	$3.62
ZINK PAUL H	3,000	$3.15
ZINK PAUL H	1,000	$3.05
PICKARTS JAYE THOMAS	1,000	$3.92
BURMEISTER NORMAN WILLIAM	40,000	$4.60
RANTA DONALD ELI	250,000	$1.01
RANTA DONALD ELI	30,000	$4.80
RANTA DONALD ELI	20,000	$5.00
BYERS GEORGE G	9,700	$4.15
BYERS GEORGE G	300	$4.14
RANTA DONALD ELI	1,000	$0.00
MCKELVEY GREGORY ELLIS	24,000	$5.39
MCKELVEY GREGORY ELLIS	20,000	$2.72
MCKELVEY GREGORY ELLIS	1,000	$5.81
BURMEISTER NORMAN WILLIAM	98,769	$5.93
PICKARTS JAYE THOMAS	1,100	$6.15
PICKARTS JAYE THOMAS	3,000	$6.00
BROWN MARK THOMAS	50,000	$0.56
BURMEISTER NORMAN WILLIAM	50,000	$0.55
SCHLAUCH PAUL JOHN	5,000	$5.33
BURMEISTER NORMAN WILLIAM	5,000	$5.47
BURMEISTER NORMAN WILLIAM	8,000	$5.50

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People: Rare Element Resources Ltd (REE)

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Summary

Biographies

Basic Compensation

Options Compensation

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