On October 3, 2012, Texas Rare Earth Resources Corp. announces the resignation of Mr. Wm. Christopher Mathers has resigned as Chief Financial Officer of the company effective January 1, 2013.

Mr. Wm. Christopher Mathers will continue to provide consulting services to the company and to assist the company in the preparation of its reports. On January 1, 2013, the company appointed G.W. “Mike” McDonald as its Chief Financial Officer.

He has over 40 years of experience in all phases of oil and gas exploration, development, and production. Mr. McDonald worked for Shell Oil Company in their East Texas, Rocky Mountain and West Coast Divisions from 1960 until 1975. Mr. McDonald handled public relations and governmental affairs for Shell.

Mr. McDonald previously served as the Chief Financial Officer and Vice President of the company from January 2004 to December 1, 2010, and on the board of directors from January 2004 to March 2011.