0001052918-10-000359 Sample Contracts

PURCHASE AND SALE AGREEMENT
Purchase and Sale Agreement • October 27th, 2010 • Rare Element Resources LTD • Gold and silver ores

RARE ELEMENT RESOURCES LTD. a company incorporated pursuant to the laws of British Columbia and having an office at 410-325 Howe Street, Vancouver, British Columbia;

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MINING OPTION AGREEMENT
Mining Option Agreement • October 27th, 2010 • Rare Element Resources LTD • Gold and silver ores • British Columbia

The Company is the registered and beneficial owner of certain mining claims located in the Eden Lake area of Manitoba as more particularly described in Schedule “A” to this Agreement (the “Property”); and

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