On December 20, 2013, Mr. Philip Goodell informed the Board of Directors of Texas Rare Earth Resources Corp., that he would not be standing for re-election to the Board at the company's next annual meeting of stockholders. Mr. Goodell will continue to serve as a director until the next annual meeting of stockholders, currently scheduled for February 19, 2014. At that time Mr. Goodell will be appointed to the Texas Rare Earth Resources Corp.'s advisory board.