Texas Rare Earth Resources Announces Newly Appointed Chief Executive Officer and New Board Members

Texas Rare Earth Resources Corp. (the 'Company?) (OTCQX: TRER), a rare
earths mineral exploration and development company, has announced the
appointment of Mr. Daniel Gorski as its chief executive officer, as well
as the addition of five new members to its board of directors: Mr. John
C. Tumazos, CFA, as non-executive chairman, and Dr. Philip Goodell, Dr.
Nicholas Pingitore, Mr. Cecil Wall, and Mr. James Wolfe as directors.
Mr. Gorski commented, ?'I am pleased to have these very experienced and
talented individuals joining the Texas Rare Earth Resources′ board. ?We
are continuing to advance the Round Top project in Texas, and in the
near term we plan to focus on metallurgy and proving out our ability to
extract the valuable minerals in this deposit.?

Mr. Daniel Gorski was appointed chief executive officer of the Company,
following his previous appointment as the interim chief executive
officer, and remains a director of the board. Mr. Gorski is one of the
original founders of TRER and is one of the largest shareholders. In
March of 2007, Mr. ?Gorski became president and chief executive officer
of Standard Silver Corp., later renamed Texas Rare Earth Resources Corp.
in September 2010. In May 2011, Mr. ?Gorski stepped down to become chief
operating officer and subsequently resigned that position on January ?1,
2012, while continuing as a director of the Company. Mr. Gorski holds a
B.S. from Sul Ross State College and an M.A. in geology from the
University of Texas at Austin.

Mr. John C. Tumazos, CFA, was appointed as a director and will serve as
non-executive chairman of the Company′s board. Mr. ?Tumazos′ career
includes positions as senior vice president, steel equities analyst,
Oppenheimer ?& Co., Inc.; vice president, metals equities analyst,
Donaldson, Lufkin ?& Jenrette; and, senior vice president, metals and
paper equities analyst, Prudential Financial. Mr. ?Tumazos provided
valuation testimony to the Federal Supreme Court of Canada in the
largest property damages case in Canadian history (1985), valuation in a
large U.K. gold mine litigation, served the U.S. Department of Justice
to enforce an antitrust divestiture in the steel industry, and has
advised five other publicly traded companies in fairness opinions for
mergers in the U.S. and Canada. In 2007, he formed John Tumazos Very
Independent Research, LLC, focusing his investment research within the
resource sector. He has served as a financial advisor to seven emerging
mining companies, including TRER, and was instrumental in the Company
obtaining financing in 2011. Mr. Tumazos holds a B.S. in management
sciences ?and economics and an M.S. in industrial administration from
Carnegie-Mellon University.

Dr. Philip Goodell was appointed as a director to the Company. Mr.
Goodell will serve on the Company′s corporate governance and nominating
committee. He is currently an associate professor of geology at the
University of Texas at El Paso (UTEP), where he has been in residence
since 1975 and has successfully sponsored 26 M.S. and 19 Ph.D.
candidates. In addition to his academic accomplishments, Dr. ?Goodell has
wide-ranging experience in the mining industry and has consulted for St.
Joe Minerals, Exxon Minerals, Chevron Minerals Corporation, Cameco
Corp., MAG Silver Corp., and Energy Metals, Inc., among other companies.
One of the theses sponsored by Dr. Goodell, authored by W. M. Shannon,
contained much of the basic research on the Round Top area. Dr. ?Goodell
holds a B.S. in solid state physics (1964) from Yale University and an
M.S. in geology (1966) and a Ph.D. in geology (1970) from Harvard.

Dr. Nicholas Pingitore was appointed as a director to the Company. Mr.
Pingitore will serve on the Company′s audit and corporate governance and
nominating committees. Since 1977, he has held a full-time faculty
appointment at UTEP. ?In addition to being a Texas Licensed Geoscientist,
Dr. ?Pingitore is a member of several professional associations including
the American Chemical Society, Geochemical Society, American Association
for the Advancement of Science, American Geophysical Union, Materials
Research Society, and Mineralogical Society of America. ?He has served
for 25 years as director of UTEP′s electron microprobe laboratory. Since
2000, he has been project director of approximately $7,000,000 in
research funding and a co-investigator on another $10,000,000 in grants.
He has established a record for successfully managing and completing
large institutional projects. Dr. ?Pingitore holds an A.B. degree from
Columbia College (1965) and an Sc.M. (1968) and a Ph.D. in geology
(1973) from Brown University.

Mr. Cecil C. Wall was appointed as a director to the Company. Mr. Wall
will serve on the Company′s audit and compensation committees. In 1969,
he acquired control of a publicly traded company, Altex Oil Co.
(formerly known as Mountain Valley Uranium). Under Mr. ?Wall′s
leadership, Altex established a 20,000-acre position in what became the
Greater Altamont Field at Altamont, Utah. Mr. ?Wall sold his interest in
Altex in 1985. Mr. ?Wall was part of the founding group for the 2007
reorganization of Standard Silver Corp., which became Texas Rare Earth
Resources. He sat on the Company′s board of directors and served as the
secretary and treasurer from January 2004 to April 2012. He is currently
the manager for C-Wall Investment Company, LLC, in Utah. In addition, he
is the president of several family-owned private companies. Mr. ?Wall
attended Carbon County College and Utah State University.

Mr. James R. Wolfe was appointed as a director to the Company. Mr. Wolfe
will serve on the Company′s compensation and corporate governance and
nominating committees. As co-founder of Pacific Materials Resources,
Inc. (PMR), Mr. Wolfe was among the pioneers of the China-U.S. rare
earth industry and trade. As vice president of PMR from 1995 to 2010,
Mr. ?Wolfe interfaced between the major rare earth producers in China and
a broad spectrum of rare earth U.S. consumers. Prior to founding PMR, he
was President of MPV Lanthanides, Inc., a rare earth joint venture
between China Metallurgical Import/Export of Inner Mongolia and U.S.
interests. From 1979 to 1995, Mr. ?Wolfe′s professional interests
centered on resource recovery from industrial and mining wastes. He
served as a consultant to the steel industry, co-founded Exmet
Corporation (zinc from smelter dust), and served as executive vice
president of Williams Strategic Metals, Inc., and its predecessor,
Nedlog Technology Group, Inc. Mr. ?Wolfe developed and implemented
projects for the recovery of cobalt from slags, indium from smelter
dusts, and rare earths from mine tailings. In 1970, while he was
employed by the Lawrence Livermore Laboratory, Mr. ?Wolfe invented and
patented a plasma method for producing ultra-fine refractory metal
carbides. He co-founded Cal-Met Industries, Inc., in 1973 to
commercialize the plasma technology. Mr. ?Wolfe received a B.S. and an
M.S. in metallurgical engineering from the University of Washington and
a Ph.D. (1968) from the University of Missouri-Rolla.

About Texas Rare Earth Resources

Texas Rare Earth Resources Corp.'s primary focus is exploring and
developing its Round Top rare earth minerals project. The Round Top
project is located in Hudspeth County, Texas, 85 miles east of El Paso.
A preliminary economic assessment (PEA) study was completed for the
Round Top project in June 2012 by Gustavson Associates. The PEA reported
estimated measured and indicated mineral resources* of 359 million
tonnes at a rare earth oxide (REO) grade of 639 ppm, as well as
estimated inferred mineral resources* of 675 million tonnes at an REO
grade of 638 ppm. The occurrence of critical (as identified by the U.S.
Department of Energy′s Critical Materials Strategy report) rare
earth oxides (CREOs) at Round Top represents 69% of the total rare earth
oxides (TREOs). 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.

*Cautionary Note to Investors

The United States Securities and Exchange Commission ('SEC?) limits
disclosure for U.S. reporting purposes to mineral deposits that a
company can economically and legally extract or produce. This press
release uses terms that comply with reporting standards in Canada and
certain estimates are made in accordance with Canadian National
Instrument NI 43-101 ('NI 43-101?) and the Canadian Institute of Mining,
Metallurgy and Petroleum ('CIM?) - CIM Definition Standards on
Mineral Resources and Mineral Reserves, adopted by the CIM Council,
as amended (the 'CIM Standards?). NI 43-101 is a rule developed by the
Canadian Securities Administrators that establishes standards for all
public disclosures an issuer makes of scientific and technical
information concerning mineral projects. This press release uses the
terms 'measured and indicated mineral resources? and 'inferred mineral
resources.? We advise U.S. investors that while these terms are
recognized by Canadian regulations, the terms are not recognized under
SEC Industry Guide 7 and are normally not permitted to be used in
reports and registration statements filed with the SEC. Mineral
resources in these categories have a great amount of uncertainty as to
their economic and legal feasibility. 'Inferred resources? have a great
amount of uncertainty as to their existence and, under Canadian
regulations, cannot form the basis of a pre-feasibility or feasibility
study, except in limited circumstance. The SEC normally only permits
issuers to report mineralization that does not constitute SEC Industry
Guide 7 compliant 'reserves? as in-place tonnage and grade without
reference to unit measures. Under SEC Industry Guide 7 ?standards, a
'final? or 'bankable? feasibility study is required to report reserves,
the three-year historical average price is used in any reserve or cash
flow analysis to designate reserves and all necessary permits and
government approvals must be filed with the appropriate governmental
authority. U.S. Investors are cautioned not to assume that any part
or all of mineral deposits in these categories will ever be converted
into SEC Industry Guide 7 reserves. U.S. investors are urged to
consider closely the disclosure in our latest reports and registration
statements filed with the SEC. You can review and obtain copies of these
filings at http://www.sec.gov/edgar.shtml.

Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of the U.S. Securities Act of 1933, as amended, and U.S.
Securities Exchange Act of 1934, as amended, and forward-looking
information under Canadian securities laws, including but not limited
to, statements regarding the Company′s advancement of the Round Top
project and anticipated focus on the metallurgy and proving out its
ability to extract the minerals at its Round Top Project. When used in
this press release, the words 'potential,? 'indicate,? 'expect,?
'intend,? 'hopes,? 'believe,? 'may,? 'will,? 'if, 'anticipate,? and
similar expressions are intended to identify forward-looking statements.
These statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by such
statements. Such factors include, among others, uncertainty of
mineralized material and mineral resource estimates, risks relating to
completing metallurgical testing at the Round Top project, risks related
to project development determinations, risks related to fluctuations in
the price of rare earth minerals, the inherently hazardous nature of
mining-related activities, potential effects on the Company′s operations
of environmental regulations, risks due to legal proceedings, risks
related to uncertainty of being able to raise capital on favorable terms
or at all, as well as those factors discussed under the heading 'Risk
Factors? in the Company′s quarterly reports on Form 10-Q as filed on
April 16, 2012, and July 16, 2012, and the Company′s latest annual
report on Form 10-K, as filed on November 22, 2011, and other documents
filed with the U.S. Securities and Exchange Commission. Although the
Company has attempted to identify important factors that could cause
actual results to differ materially from those described in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. Except as
required by law, the Company assumes no obligation to publicly update
any forward-looking statements, whether as a result of new information,
future events, or otherwise.

Texas Rare Earth Resources Corp.

Nadine Wakely, 303-597-8737

Director,
Investor Relations

nwakely@trer.com