RARE ELEMENT RES LTD

Ticker: REEMF CUSIP: 75381M102 Class: COM

WOLVERINE ASSET MANAGEMENT LLC's Holding History (CIK: 0001279891)

Note: Option positions (PUT/CALL) are excluded.

Q4 2013

Shares 2,289 Value ($000) $3 Avg Close $1.76 Range $1.10 - $2.75

Q3 2013

Shares 5,589 Value ($000) $14 Avg Close $2.22 Range $1.75 - $3.50

Q2 2013

Shares 7,189 Value ($000) $14 Avg Close $1.95 Range $1.60 - $2.54

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	2,289	$3	$1.76	$1.10 - $2.75
Q3 2013	5,589	$14	$2.22	$1.75 - $3.50
Q2 2013	7,189	$14	$1.95	$1.60 - $2.54