Mr. Philip Goodell did not stand for re-election to the Board of Directors of Texas Rare Earth Resources Corp. at the Annual Meeting of stockholders held on February 19, 2014 and as of that date, is no longer a member of the Board of Directors. On February 19, 2014, Ms. Laura Lynch was appointed by the Board of Directors to be the chair of the Corporate Governance and Nominating Committee, in place of Mr. Goodell.