Tierra Grande Resources Inc. Announces Appointment of New President and Chief Executive Officer

Mosman Park, Western Australia--(Newsfile Corp. - June 21, 2013) - Tierra Grande Resources Inc. (OTCQB: TGRI) (the "Company") is pleased to announce the appointment of Mr. Mark Kalajzich as the President and Chief Executive Officer of the Company. Mr Kalajzich will replace Mr. Simon Eley, who will be appointed as Non-Executive Chairman of the Company.

Mark Kalajzich has held senior executive roles in the Telecommunications, Workforce Management and Retail sectors in Australia and Asia. Mark also has significant experience in Equity Capital Markets and Stock Broking with a fundamental focus of Global Resources and Commodities. He has been heavily involved in the operation and listing of resource companies and for the past 2 years, Mark has successfully foundered and held Executive Director roles in a number of successful start-up entities. Mark continues to hold a Directors role in the Private Venture Capital and Greenfields Investment Company, Chapman Valley Capital. Throughout these positions, Mark has traditionally focused on the creation of corporate structures, the execution of capital management strategies and driven change through management outcomes.

Simon Eley, Chairman of the Company, stated "We are very excited to have Mr. Kalajzich join our team. His experience is viewed by the board as vital in the evolution of the Company and an important appointment to facilitate the growth and development of Tierra Grande."

Mark Kalajzich commented, "I am pleased to accept the appointment to Tierra Grande. The Board has a number of opportunities that are currently being assessed and I understand shareholders are keen for the progression of value adding assets. The main focus will be delivering shareholder value through strategic acquisitions as well as communicating with shareholders and promoting Tierra Grande to the wider investment community. This is a new era for the Company and I am looking forward to driving the success of it into the future."

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. Mark Kalajzich, President, at mark@tgresources.com