Texas Rare Earth Resources Corp. to Release 2Q FY2012 Update

Texas
Rare Earth Resources Corp. (the 'Company?) (OTCQX: TRER), a mineral
exploration and development company, announced today that it will
release an update on its second quarter fiscal year 2012 activities
prior to the opening of financial markets on Monday, April 16, 2012. The
release will be available on TRER′s website at trer.com
and followed by a Company-hosted conference call and audio webcast at
4:00 p.m. EDT on April 16.

During the call, management will provide an update on TRER′s strategies,
progress, and outlook in advancing its Round Top rare earth minerals
project. A question-and-answer session will follow.

The TRER conference call will be accessible by dialing toll-free
1.877.407.0789, or toll/international 1.201.689.8562. The live webcast
will be available at trer.com,
where it will be archived afterward.

To listen to the conference replay, dial toll-free 1.877.870.5176,
toll/international 1.858.384.5517, and enter replay pin number 392291.
The replay will be available from 7:00 p.m. EDT the day of the
conference call until 11:59 p.m. EDT, April 23, 2012. A transcript will
also be posted, 48 hours after the call ends.

About Texas Rare Earth Resources

Texas Rare Earth Resources Corp.'s primary focus is exploring and
developing its Round Top heavy rare earth project. The Round Top project
is located in Hudspeth County, Texas, 85 miles east of El Paso, Texas.
The Company′s common stock trades on the OTCQX U.S. Premier tier under
the symbol 'TRER.?

For more information on Texas Rare Earth Resources Corp., visit
its website at trer.com.

Texas Rare Earth Resources Corp.

Nadine Wakely

Director,
Investor Relations

303-597-8737

nwakely@trer.com