updated 12/27/2010 7:16:03 AM ET 2010-12-27T12:16:03

DALLAS, Dec. 27, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Rare Element Resources Ltd. (AMEX:REE). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.

The full report is available at: www.microstockprofit.com/lp/REE

Rare Element Resources Ltd. (REE) is a mineral resource company focused on the exploration and development of rare-earth elements and gold. The Company controls 100% interest in the Bear Lodge property, which contains one of the largest disseminated rare earth element deposits in North America, (US Geological Survey Professional Paper 1049D), as well as extensive gold occurrences.

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In the report, the analyst notes:

"REE recently announced it has closed its previously announced financing, raising net proceeds of C$53.8 million.

"The Company said the new funds will be used to finance work at its Bear Lodge rare earths deposit in Wyoming, including the completion of a pre-feasibility study, pilot plant testing, drilling, metallurgical work, exploration programs, and for general working capital purposes."

To read the entire report visit: www.microstockprofit.com/lp/REE

See what investors are saying about REE at http://www.stockhideout.com

Get breaking news on REE at http://thestockmarketwatch.com/

MicroStockProfit.com is a small-cap research and investment commentary provider. MicroStockProfit.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com

MicroStockProfit.com Disclosure

MicroStockProfit.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, MicroStockProfit.com, for complete risks and disclosures.

CONTACT: MicroStockProfit.com
         Brian Johnson

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