Texas Rare Earth Resources Corp. Selects the Strategic Communications Practice of FTI Consulting as New Communications Firm of Record

Texas
Rare Earth Resources Corp. (the 'Company?) (OTCQX: TRER), a mineral
exploration and development company, today announced the Strategic
Communications practice of FTI
Consulting (NYSE: FCN) as its new communications firm of record.

'Selecting FTI Consulting is a natural next step in our company′s
evolution. Our shared commitment to strategic communications,
particularly at this critical time where we are completing the
Preliminary Economic Assessment on our Round Top Project, will serve our
business and various stakeholders well,? said Marc LeVier, chief
executive officer of Texas Rare Earth Resources. 'FTI Consulting has
extensive experience within the mining industry and its professionals
are already applying their communications expertise to help us
effectively articulate our long-term value proposition.'

The Strategic Communications practice of FTI Consulting, formerly known
as FD, is one of the world′s most highly regarded communications
consultancies. With more than 20 years of experience advising management
teams in critical situations, the Strategic Communications practice
supports clients in protecting and enhancing their reputation in the
capital markets, society and the political environment. FTI′s Strategic
Communications practice provides financial communications, corporate
communications and public affairs services, with specialty offerings
that include strategy consulting, research, creative engagement, crisis
and issues management, and change communications.

About Texas Rare Earth Resources

Texas Rare Earth Resources Corp.'s primary focus is exploring and
developing its Round Top heavy rare earth minerals 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
our website at trer.com.

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 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,
possible low costs of production, advancement of exploration and
resource definition, future mineralogical and metallurgical analysis,
future baseline environmental studies, future geological modeling and
test table construction, timing for completion of the pre-feasibility
study, the preliminary economic assessment, the feasibility study,
potential land and permitting efforts, timing for core hole drilling,
expected results of future metallurgical testing, the Company′s focus on
Dysprosium, Neodymium, Terbium, and Yttrium, future production decisions
and timing for anticipated production 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 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 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 November 22, 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