REX American (REX) Authorizes Additional 500K Buyback

REX American Resources Corporation (NYSE: REX) announced today that its Board of Directors has authorized the repurchase of up to an additional 500,000 shares of its common stock. REX is also authorized to purchase 28,243 shares of its common stock pursuant to the 500,000 share authorization announced on September 28. To date in the third quarter ending October 31, 2011, REX has purchased 747,696 shares (at an average price of approximately $16.78 per share). Reflecting all purchases to date, REX presently has approximately 8,687,598 shares of common stock outstanding.

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