Texas Rare Earth Resources Reports Aeromagnetic Survey Successfully Maps Rhyolite Dome Complexes and Identifies Broader Area of Rhyolite Structure

Texas Rare Earth Resources Corp. (the 'Company?) (OTCQB:TRER), a heavy
rare earths exploration, development and mining company, today reported
that Aeroquest Airborne completed its Tri-Axial Magnetic Gradiometer
airborne survey over Round Top Mountain, the Company′s rare
earth?beryllium-uranium project in southwest Texas. Approximately 600
line kilometers of detailed magnetic gradiometer and radiometric data
was acquired. Data processing was completed with geophysical mapping
using the low and high frequency and radiometric data sets. The
generated maps will be used by the project geologists for further
exploration program definition and additional drill-hole targeting at
the project and in surrounding areas.

The aeromagnetic geophysical data set successfully mapped rhyolite dome
complexes at the surface and their roots at depth, distinguished between
older, less differentiated, and younger, more differentiated complexes,
and mapped structures that appear to be related to the rhyolite
intrusions and mineralization. Three dimensional (3-D) inversion
modeling is currently under way to generate a 3-D magnetic
susceptibility model which will be used to design drill testing of
deeper targets.

Marc LeVier, President and Chief Executive Officer of the Company noted,
'The information gained from the aeromag survey is extremely
encouraging. It appears to identify rhyolite structure at the lower
valley area within the four mountain group of the Round Top Mountain
project that we believe has high potential of exceeding our initial
expectations for the rare earth mineralization potential of the project.
We believe that the data defines at least four additional drill targets
to the east and to the northwest of the Round Top Mountain project.
Because the results of the magnetic survey are so favorable, we have
commissioned a close spaced gravimetric survey of the area to even
further define geologic structure and to guide in additional exploration
drilling beyond our current program.?

The Company commenced drilling at its Round Top Mountain project in July
this year. The current exploration program includes approximately 50
drill holes totaling at least 12,000 feet of reverse circulation
drilling. Coverage is planned to be adequate to begin block modeling of
the deposit. Concurrently, samples are being shipped for lab testing.
The Company expects the drill program to span the next three to six
months while concurrent testing activities will be on going.

The Company′s flagship Round Top Mountain project was originally drilled
in the mid 1980′s, and the Company has been re-logging and re-analyzing
82,000 feet of historical drilling. Results have consistently
reconfirmed apparent uniform rare earth grades and an estimated,
approximate 70% ratio of HREE to LREE. A study conducted by the Texas
Bureau of Geology, published in the Geological Society of America,
Special Paper 246 in 1990, estimated the potential size of the rhyolite
host rock at the Round Top Mountain project to be approximately 1.6
billion metric tons.

About Texas Rare Earth

Texas Rare Earth Resources Corp.'s primary focus is exploring and
developing its Round Top Mountain rare earth?beryllium-uranium project
which also includes niobium, tantalum and gallium. Round Top is located
in Hudspeth County, Texas, 85 miles east of El Paso, Texas.
Independently published data indicates the property may contain more
than one billion metric tons of rhyolite containing rare earth minerals
with potentially a 70% ratio of heavy to light rare earth minerals.
Prior exploratory work also indicates what the Company believes to be a
potentially large, high-grade beryllium mineralization. Uranium
mineralization is also present in the deposit. The Company′s common
stock trades on the OTCQB Market tier under the symbol 'TRER.?

For more information on Texas Rare Earth Resources Corp., visit
its website at http://www.texasrareearth.com.

Cautionary Note to U.S. 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. Our Round Top
Mountain rare earth-beryllium-uranium project currently does not contain
any known proven or probable ore reserves under SEC reporting standards
and our reference above to the metric tons of rhyolite contained at the
project is a reference only to estimated in-place tonnage. 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. All statements, other than
statements of historical facts, included in this press release that
address activities, events or developments that Texas Rare Earth
Resources expects or anticipates will or may occur in the future,
including such things as the potential development of the Round Top
Mountain rare earth?beryllium-uranium project, estimates of mineralized
material, the potential expansion of estimated rhyolite in the Round Top
Mountain project area based on further drilling on targets developed
from the aeromagnetic survey, the expected results on the current and
future drilling programs at the Round Top Mountain project, the expected
timing and results of three dimensional inversion modeling, the timing
and results of the close spaced gravimetric survey, the potential
positioning of the Company to be a leading, global low-cost producer of
rare earth minerals, the potential ratio of heavy to light rare earth
minerals present at the Round Top Mountain project, the number of metric
tons of rhyolite contained at the Round Top Mountain project and other
such similar matters are forward-looking statements. 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 Texas Rare Earth Resources 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 estimates, risks relating to completing drilling
and metallurgical testing at the Round Top Mountain project, risks
related to the timing and completion of the three dimensional inversion
modeling and close spaced gravimetric survey, 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 Texas Rare Earth
Resource′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 Texas Rare Earth Resource′s latest annual
report on Form 10-K as filed on February 8, 2011, as amended, April 19,
2011, and other documents filed with the U.S. Securities and Exchange
Commission. Although Texas Rare Earth Resources 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, Texas Rare Earth Resources
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.

Marc LeVier, 303-507-3842

President
& CEO

mlevier@texasrareearth.com

or

Investor
Relations:

Kei Advisors LLC

Deborah K. Pawlowski,
716-843-3908

dpawlowski@keiadvisors.com