Tierra Grande Resources Inc. Announces Name Change and Increase in Authorized Capital

Vancouver, British Columbia--(Newsfile Corp. - April 11, 2013) - We are pleased to announce we have completed a name change from Buckingham Exploration Inc. to Tierra Grande Resources Inc. (OTCQB: TGRI) (the "Company") The change in name is intended to better reflect the Company's strategy and focus of acquiring projects in South America. This marks a new era for the Company and the name change coincides with a reinvigoration of the Company's operations. The Directors believe South America provides the best opportunity to acquire and develop mineral projects and in turn add significant value to the Company.

We are also pleased to announce an increase in the Company's authorized capital to 500,000,000 shares of common stock to provide flexibility when issuing stock for potential acquisitions and financings. Finally, the Company has adopted a stock incentive plan to compensate employees, officers and directors to ensure the alignment of goals between the Company and its management team.

About Tierra Grande Resources Inc.:

Tierra Grande Resources is an exploration stage company whose principal business is the acquisition and exploration of mineral resources. Information about the business of the company can be found in its filings with securities regulatory authorities.

Forward-looking Statements:

This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including "could", "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the Company’s reports filed from time to time with the Securities and Exchange Commission and available at www.sec.gov.

For further information, please contact Mr. Simon Eley, President, at +61 439 993 146.

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