Texas Rare Earth Resources Announces Exploration Plan Approval by the Texas General Land Office for its Round Top Project

HOUSTON & DENVER--(BUSINESS WIRE)--Texas Rare Earth Resources Corp. (OTCQB:TRER), a heavy rare earths exploration, development and mining company, today announced that the Texas General Land Office has approved the Company’s exploration plan for its project at Round Top Mountain. The plan calls for the completion of approximately 50 drill holes totaling at least 12,000 feet of reverse circulation drilling, close-spaced aero-magnetic/gamma ray spectrography and metallurgical testing. The Company expects to begin drilling by mid-summer as road and site preparation is already in progress. In addition, Texas Rare Earth has contracted Aeroquest Airborne to conduct an aerial survey of Round Top Mountain which is scheduled for July 2011.

Drilling on Round Top Mountain is planned to twin certain of the historic drill holes, infill drill between existing holes and step out drill beyond the known area to better define the margins of the deposit. Coverage is planned to be adequate to begin block modeling of the deposit. The Company is siteing several holes on adjacent Little Round Top Mountain and several holes are planned to test the deeper potential. It expects to produce at least 150 tonnes of sample from this drilling, all of which will be packaged and used for metallurgical testing.

Marc Le Vier, Chief Executive Officer of Texas Rare Earth Resources, stated, “The approval of our exploration plan by the Texas General Land Office is a major step forward in our efforts to prove out, delineate and ultimately advance to production our very unique heavy rare earth metals project. This enables us to implement the exploration program of aerial surveys and drilling at Round Top Mountain. Materials from the reverse circulation drilling will enhance our knowledge and definition of the Round Top Project, while providing samples that are required in order to determine the analytical, mineralogical and metallurgical characteristics of this rare earth deposit.”

Aeromagnetic surveying is planned to define the form and geometry of the mineralized rhyolites and to detect the presence of other rhyolite bodies if they are present. Ultimately, the outcome of the drill program and testing will be the definition of the resource and its economic potential.

The Round Top Project was previously drilled in the mid 1980’s, and Texas Rare Earth is in the process of re-logging and re-analyzing 250 of 1,103 drill samples. The Company previously announced the total rare earth values, heavy rare earth percentages and material content of nine historic drill holes that it has prioritized for re-analysis. Results consistently reconfirm that along with apparent uniform rare earth grades, Round Top Mountain is a unique heavy rare earth deposit. A study conducted by the Texas Bureau of Geology, published in the Geological Society of America, Special Paper 246 in 1990, estimated the size of the body to be approximately 1.6 billion metric tons.

Forward-Looking Information

This press release may contain forward-looking statements about the business, financial condition and prospects of the Company. Forward-looking statements, can be identified by the use of forward looking terminology such as "believes," "projects," "expects,” “potential,” “size, grade and elemental make-up,” “massive tonnage,” "may," "goal," "estimates," "should," "likelihood," "plans," "targets," "intends," "could," or "anticipates," or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy or objectives. Forward-looking statements relate to anticipated or expected events, activities, trends or results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties. These statements are made to provide the public with management's current assessment of the Company's business. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, there can be no assurances that such expectations will prove to be accurate. Security holders are cautioned that such forward-looking statements involve risks and uncertainties. The forward-looking statements contained in this press release speak only as of the date of this press release and the Company expressly disclaims any obligation or undertaking to report any updates or revisions to any such statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based. Certain factors may cause results to differ materially from those anticipated by some of the statements made in this press release.

About Texas Rare Earth

Texas Rare Earth Resources Corp.'s primary focus is 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. Independently published data indicates the property may contain more than one billion metric tons of rhyolite containing rare earths with a 67% ratio of heavy to light rare earths. Prior exploratory work also indicates what management believes to be a potentially large high-grade beryllium resource. Uranium is present in the deposit and preliminary sampling shows grades of over 1% U exposed in the mine. Texas Rare Earth'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.