RARE ELEMENT RES LTD

Ticker: REEMF CUSIP: 75381M102 Class: COM

SABBY MANAGEMENT, LLC's Holding History (CIK: 0001535610)

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

Q4 2015

Shares 3,436,858 Value ($000) $519 Avg Close $0.22 Range $0.15 - $0.33

Q3 2015

Shares 3,843,873 Value ($000) $1,080 Avg Close $0.38 Range $0.28 - $0.48

Q2 2015

Shares 4,212,092 Value ($000) $1,770 Avg Close $0.63 Range $0.42 - $0.89

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	3,436,858	$519	$0.22	$0.15 - $0.33
Q3 2015	3,843,873	$1,080	$0.38	$0.28 - $0.48
Q2 2015	4,212,092	$1,770	$0.63	$0.42 - $0.89