Rare Element Resources Ltd. announced the appointment of Ken Mushinski as its President. Mr. Mushinski, a former member of the Board of Directors for the Company (?Board?), will commence his position and rejoin the Board starting on May 1, 2024. As previously announced, Mr. Brent Berg, current President and CEO, will be leaving the Company.

His last day will be March 20, 2024. Ms. Kelli Kast, a current Board member and consultant with nearly twelve years of service to the Company, has been appointed as the Interim President effective as of March 20, 2024. Mr. Mushinski served as a member of the RER Board from November 2017 through March 2022.

This experience is complemented by an extensive background in corporate development and project execution, primarily in the uranium industry, both domestically and internationally. As the former Vice President, Corporate Planning and Acquisitions for General Atomics Technologies Corporation and President of uranium companies Quasar Resource and Cotter Corporation, all affiliates of General Atomics (?GA?), Mr. Mushinski has extensive production-related operational experience, from permitting to decommissioning, in the resource industry. Synchron, the majority shareholder of RER, is an affiliate of GA.

Throughout his 30-plus-year career, Mr. Mushinski has been responsible for developing strategic partnerships and garnering investments from within the defense, energy and resources industries for projects under his direction. Mr. Mushinski holds a Bachelor of Science in Mechanical Engineering, summa cum laude, from San Diego State University. Mr. Mushinski currently serves as Non-Executive Chairman for Anfield Energy Inc. a Canadian-based uranium and vanadium development and near-term production company.

Kelli Kast will serve as the Company?s Interim President during the period between the departure of Mr. Berg and the commencement of Mr. Mushinski?s tenure. Ms. Kast has been RER?s chief legal officer and head of administration, as an employee or consultant, since July 2012. She has also been a member of the Company?s Board since 2022.