On March 18, 2016, the employment of each of Paul H. Zink, as the Senior Vice President and Chief Financial Officer of Rare Element Resources Ltd. (the Registrant), Jaye T. Pickarts, as the Registrant's Chief Operating Officer, and George Byers, as the Registrant's Vice President of Government and Community Relations, was terminated effective as of March 31, 2016, after which time each of Messrs.