Texas Rare Earth Resources to Host Conference Call and Webcast

Texas Rare Earth Resources Corp. (OTCQB:TRER), a heavy rare earths
exploration and development company, today announced that it will
release its fiscal year end review before the opening of financial
markets on Tuesday, November 22, 2011. The release will be followed by a
company-hosted conference call and audio webcast at 11:00 a.m. ET.

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 can be accessed by dialling (201) 689-8562. The
live webcast can be monitored at www.trer.com,
where it will be archived afterwards. A transcript will also be posted,
once available.

To listen to the archived call, dial (858) 384-5517, and enter replay
pin number 383005. The replay will be available from 2:00 p.m. ET the
day of the teleconference until 11:59 p.m. ET Tuesday, November 29, 2011.

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. 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 estimates of mineralized material, 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 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