Texas Rare Earth Resources Receives Approval by the Texas General Land Office to Expand its Exploration Efforts at Round Top

Texas Rare Earth Resources Corp. (OTCQB:TRER), a heavy rare earths
exploration and development company, today announced that its
supplementary operating plan to expand exploration activities at the
Round Top project has been approved by the Texas General Land Office
(GLO). Independently published data indicates the property may contain
approximately 1.6 billion metric tons of rhyolite host rock, containing
rare earth minerals with potentially a 70% ratio of heavy to total rare
earth minerals.

Anthony J. Garcia, the Company′s Senior Vice President of Project
Development, commented, 'We believe the GLO′s approval of our updated
and expanded plan is a testament of their confidence in our ability to
advance this project. With this approval, we are able to expand our
drilling activity, and, in order to accelerate our timeline for resource
definition, we have refined our drill plan strategy to focus more
heavily on in-fill drilling. We will continue some level of step out
drilling to define the margins of the deposit, based on the aeromag
results that indicated a larger expansion through the floor between
Round Top and Little Round Top. We also expect to have a second drill
rig on site shortly.?

To date, 48 drill holes have been completed for a total of 16,800 feet
drilled out of the original 25,000 feet planned. Concurrently, material
is being logged and categorized, and composites are shipped to Mountain
States R&D International for further mineralogical and metallurgical
characterization. Preliminary mineralogical results, as previously
reported, were favorable, as they reconfirmed that rare earth minerals
are finely disseminated throughout the rhyolite host rock and initial
ore characterization confirmed simplistic rare earth element mineral
associations suggesting favorable metallurgical processing.

Stanley Korzeb, the Company′s Vice President of Exploration, added, 'Our
updated development and exploration drill plan now calls for an
additional 40 drill holes and 4 diamond core holes for an estimated
planned drilled footage of 20,000 feet.?

The preliminary results of the aeromagnetic survey indicated greater
expanse of rhyolite in the subsurface than originally expected,
including a strong northwest-southeast trending magnetic anomaly which
is present below Round Top Mountain and extends under alluvium to the
northwest and to the southeast extends under the gravel covered valley.
Texas Rare Earths′ flagship Round Top 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.

About Texas Rare Earth

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,
Texas. Independently published data indicates the property may contain
approximately 1.6 billion metric tons of rhyolite host rock, containing
rare earth minerals with potentially a 70% ratio of heavy to total 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.trer.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. This press
release uses the term 'resource?. We advise U.S. investors that while
this term is defined in accordance with Canadian National Instrument
43-101 ('NI 43-101?) ? Standards of Disclosure for Mineral Projects
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?), such term
is not recognized by the SEC and is normally not permitted to be used in
reports and registration statements filed with the SEC. U.S. Investors
are cautioned not to assume that any defined resource would ever be
converted into SEC compliant reserves. Our Round Top 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 rare
earth project, estimates of mineralized material, the potential low
costs for metallurgical processing, the potential competitive advantage
low cost processing might provide, the timing and completion of the
expanded drilling program, possible expansion of the rhyolite deposit,
timing for further definition of the mineralization at the Round Top
project, the potential ratio of heavy to total rare earth minerals
present at the Round Top project, the number of metric tons of rhyolite
contained at the Round Top 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 metallurgical testing at the
Round Top project, risks related to the results of future metallurgical
testing not confirming past results and expectations, risks related to
the potential timing and completion of the expanded drilling program,
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.

Nadine Wakely, 303-597-8737

Director,
Investor Relations

nwakely@trer.com

or

Kei
Advisors LLC

Deborah K. Pawlowski, 716-843-3908

dpawlowski@keiadvisors.com