Texas Rare Earth Resources Announces Changes to Management and Board of Directors

Texas Rare Earth Resources Corp. (the 'Company?) (OTCQX: TRER), a rare
earths mineral exploration and development company, announced today
changes to its management team and board of directors.

Mr. Marc LeVier resigned as President, Chief Executive Officer, and
director to pursue other opportunities. Mr. Daniel Gorski, a co-founder
of the Company, current director and former President and Chief
Executive Officer, will serve as interim Chief Executive Officer.

In addition, Messrs. James Graham, Graham Karklin, and Gregory Martin
resigned from the board of directors. On July 5, 2012, Mr. Gorski, Mr.
Cecil Wall, and Mr. G.W. McDonald, the beneficial owners of an aggregate
of 10,198,000 shares of common stock, filed a preliminary Schedule 14A
with the Securities and Exchange Commission that included the nomination
of the following slate of directors: Dr. Phillip Goodell, Dr. Nicholas
Pingitore, Mr. John Tumazos, Mr. Cecil C. Wall, and Dr. James R. Wolfe.
The current board of directors, Mr. Gorski and Mr. Anthony Marchese,
expect to announce newly appointed directors in the immediate future.

Mr. Gorski stated, 'I look forward to the next chapter for Texas Rare
Earth Resources. We believe strongly in the potential of the Round Top
project and will leverage the recently filed Preliminary Economic
Assessment on the project to advance the project further. We are focused
on maximizing shareholder value and continuing our metallurgy and
project development. We are excited for what the future has in store for
Texas Rare Earth Resources and our shareholders.?

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,
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
its website at trer.com.

Forward-Looking Statement

This report on Form 8-K 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. The potential of the Round
Top project, the ability of the Company to leverage the Preliminary
Economic Assessment to advance the project, and the Company′s focus on
maximizing shareholders value and continuing metallurgy and project
development are forward-looking statement. When used in this report, 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, risks and uncertainty regarding uncertainty in
relation to the completion and results of future metallurgical studies,
risks and uncertainty regarding the potential value of the Round Top
project and the Company′s ability to realize this value for its
shareholders, including risks regarding mineralization estimates,
project development and future financing, as well as those factors
discussed under the heading 'Risk Factors? in the Company′s quarterly
report on Form 10-Q as filed on 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