REX American Resources Names Zafar Rizvi Chief Executive Officer

REX American Resources Corporation (NYSE:REX) announced today that the Board of Directors named Zafar Rizvi, 65, Chief Executive Officer. Mr. Rizvi assumes the CEO role from Stuart Rose who will serve as the Executive Chairman of the Board of Directors with a focus on strategic development and financial community relations. Mr. Rizvi has served as REX’s President and Chief Operating Officer since 2010 and will continue to serve as President. Mr. Rizvi’s appointment acknowledges his significant contributions in establishing and generating value from REX’s alternative energy interests. REX also announced today that the Company’s Board of Directors, acting pursuant to the Company’s Bylaws, appointed Mr. Rizvi to the Board.

Mr. Rizvi has served REX in various roles since 1991 and for the last seventeen years has overseen the Company’s alternative energy interests. In his capacity of overseeing REX’s alternative energy investments, Mr. Rizvi has served since 2006 as President of Farmers Energy Incorporated, the Company’s alternative energy investment subsidiary. Reflecting his responsibility for REX’s alternative energy investments and operations Mr. Rizvi serves as Director of NuGen Energy, L.L.C., Big River Resources West Burlington, LLC and One Earth Energy LLC.

Stuart Rose, commented, “Zafar has contributed greatly to REX’s long-term record of success in the alternative energy sector. As a result, today REX has interests in six state-of-the-art ethanol production facilities with ownership of approximately 231 million gallons of ethanol per year. With the success of our alternative energy investments and operations we have built a robust balance sheet and we look forward to the continued benefit of Zafar’s contributions as we seek to build value for REX shareholders.”

Sale of Interest in Patriot Holdings, LLC

On June 1, 2015 a subsidiary of CHS Inc. (“CHS”) completed the previously announced acquisition of 100% of the ownership interests in Patriot Holdings, LLC (“Patriot”). With total merger consideration of approximate $196 million, REX’s 26.6% interest in Patriot resulted in a cash payment of approximately $45.5 million at the closing and an additional amount of approximately $5.0 million within 18 months assuming the full payment of the escrow holdbacks.

About REX American Resources Corporation

REX American Resources has interests in six ethanol production facilities, which in aggregate shipped approximately 632 million gallons of ethanol over the twelve month period ended April 30, 2015. REX’s effective ownership of the trailing twelve month gallons shipped (for the twelve months ended April 30, 2015) by the ethanol production facilities in which it has ownership interests was approximately 231 million gallons. Further information about REX is available at www.rexamerican.com.

This news announcement contains or may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by use of forward-looking terminology such as “may,” “expect,” “believe,” “estimate,” “anticipate” or “continue” or the negative thereof or other variations thereon or comparable terminology. Readers are cautioned that there are risks and uncertainties that could cause actual events or results to differ materially from those referred to in such forward-looking statements. These risks and uncertainties include the risk factors set forth from time to time in the Company’s filings with the Securities and Exchange Commission and include among other things: the impact of legislative changes, the price volatility and availability of corn, dried and modified distillers grains, ethanol, corn oil, gasoline and natural gas, ethanol plants operating efficiently and according to forecasts and projections, changes in the national or regional economies, weather, transportation delays, the effects of terrorism or acts of war, changes in real estate market conditions and the impact of Internal Revenue Service audits. The Company does not intend to update publicly any forward-looking statements except as required by law.

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