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TREC

“Natural Energy Resources You Can Trust”Your Specialty Chemical Partner

January 2015

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Safe Harbor

Statements in this presentation that are not historical facts are forward lookingstatements as defined in the Private Securities Litigation Reform Act of 1995. Forwardlooking statements are based upon Management's belief, as well as, assumptionsmade by and information currently available to Management. Because suchstatements are based upon expectations as to future economic performance and arenot statements of fact, actual results may differ from those projected. These risks, aswell as others, are discussed in greater detail in Trecora Resources' filings with theSecurities and Exchange Commission, including Trecora Resources' Annual Reports onForm 10-K for the year ended December 31, 2013, and the Company‘s subsequentQuarterly Reports on Form 10-Q.

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TREC Snapshot

Share Price & VolumeTicker (NYSE: TREC)

Stock Price1 $14.08

52 Week High / Low1 $15.61 / $9.72

Market Cap1 $341 M

Avg. Daily Volume(3 month)1 68,119

Shares Outstanding 24.0 M

Float 19.2 M

Insider Ownership 24%

Total Debt2 9.2 M

Current Ratio2 2.9:1

1. All market statistics as of January 15, 20152. All balance sheet items as of September 30, 2014

0

50,000

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$0.00

$2.00

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$14.00

$16.00

Volume

Stoc

k Pr

ice

Volume TREC Price

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Resource UpsideResource Upside

Trecora Focus

SHRHigh-Purity Light

Hydrocarbons C5

Silsbee, TX

TCSpecialty Olefin

WaxesC2

Pasadena, TX

SHR/TCCustom

Processing

Silsbee, TXPasadena, TX

Core Specialty ChemicalCore Specialty ChemicalAMAK

Zinc and Copper Mine

35% Owner

Najran Province, KSA

• Valued at $138 mm (2011)• IPO Scheduled Late 2016• Significant operational

improvements underwaywith newly installedmanagement team

90% Revenues 5% Revenues

5% Revenues

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South Hampton Resources: Specialty Chemical Segment

SHR is an independent, petrochemicalmanufacturer in southeast Texas, specializing inmanufacturing high purity petrochemicalhydrocarbons.

TTM Revenues: $252.3 Million (as of 3Q14)

TTM Adj. EBITDA: $26.1 Million (as of 3Q14)

190 Employees

80 Acres in Silsbee, TX

Leader in High Purity Petrochemical

Hydrocarbons with International Exposure

Dominant Player International Exposure Pipeline/Terminal Access

South Hampton Resources

Natural Gas Natural GasolineRail/Truck

75%Market Share

TX

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SHR Products & Applications

Product: Normal Pentane

Application: Blowing Agent Condensing

Agent

End Products: Expandable

Polystyrene (EPS) Cup Grade / Polyurethane Insulation Foams

Polyethylene (PE)

Product: Isopentane

Application: Expanding Agent Condensing

Agent Catalyst Carrier

End Products: Foam Packaging Polyethylene

(PE) Catalyst used in

production of Polyethylene (PE) and Polypropylene (PP)

Product: Normal Pentane

/ Isopentane Blends (Pentane Blends)

Application: Agent used in

Blowing / Expanding

End Products: EPS Block and

Shape Foams, Polyurethane Insulation Foams, Extraction Solvent

Product: Normal Hexane

Application: Carrier or

Diluents Catalyst Carrier

End Products: Polyethylene

(PE), Polypropylene (PP) and Synthetic Rubber (SR)

Catalyst used in production of PE, PP and SR

Product: Other

Applications / Processes

Application: Geothermal,

Adhesives, Elastomers, Agricultural, ROSE Units, and Specialty Fuels

Product: Isohexane

Application: Carrier or

Diluents Catalyst Carrier

End Products: PE, PP, and SR Catalyst used in

production of PE and SR

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SHR Blue Chip Customers

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SHR Financial Overview

139.1

199.5 222.9

236.2

0

50.0

100.0

150.0

200.0

250.0

2010 2011 2012 2013

in $

mill

ions

Total Revenue

8.2

16.9

20.9

23.8

0

5

10

15

20

25

2010 2011 2012 2013

in $

mill

ions

Total Adj. EBITDA

46.754.3

65.6

85.7

0.0

20.0

40.0

60.0

80.0

100.0

2010 2011 2012 2013

in m

illio

ns o

f gal

lons

Total Volumes Sold

CAGR 19%

CAGR 43%

CAGR 22%

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Trecora Chemical: Specialty Waxes Segment

Trecora Chemical (fka SSI ChuseI) is a producerof polyethylene wax and wax derivatives withproduction capabilities beyond 40 millionpounds per year.

2013 Sales: $23.1 Million

2013 EBITDA: $6.6 Million

75 Employees

22 Acres in Pasadena, TX

Advantaged Business Development,

Transportation and Feedstock Supply

Chemical Complex Port of Houston Feedstock Supply

Trecora Chemical

Nitrogen Hydrogen Ethylene Steam

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TC Financial Overview

Total Revenue Total EBITDA

$0.0

$5.0

$10.0

$15.0

$20.0

$25.0

2011 2012 2013

in $

mill

ions

$0.0

$1.0

$2.0

$3.0

$4.0

$5.0

$6.0

$7.0

2011 2012 2013

in $

mill

ions

CAGR 10%

CAGR 17%

Additional information and financials, including pro forma, were filed in Form 8-K/A on December 10, 2014.

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TC Capacity & Utilization

Current permitted wax capacity of 40 million lbs./yr

Additional plant optimization and expansion

anticipated

Building to meet the needs of the market

oCapitalizing on the ethylene resurgence in the U.S

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Custom Processing – Business Models

SHR – Build and run dedicated equipment, long term contracts

TC – Flexible equipment – campaign then switch to new product for next customer. Customers may be long term with recurring campaigns or shorter term.

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Custom Processing Overview

Many chemical manufacturers seek toll processing relationships to drive costs down, reduce internal assets and focus more on core R&D/engineering processes.

Contractual take or pay basis with high gross and operating margins

Customers supply and maintain title to their feedstock.

Process feedstock into products based upon customer specifications

Strategy & Execution

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Strategic Objectives: Trecora ResourcesCreate Near-Term Growth

Maximize utilization of current capacity Expand Toll Processing customer base Develop international business

Improve Profitability Improve margins Control costs

Integrate Trecora Chemical Provide superior service Produce consistent product

Position for Future Growth “D” Train expansion for additional 4,000 barrels/day is underway

o Phased startup early 2015, full operation by Q4 2015 Strategic acquisitions to add new products / diversify customer base – done via TC Additional custom process capacity at TC operational by Q4 2015.

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Enhancing the Revenue Mix

FOCUSING ON THE CORE SPECIALTY CHEMICAL BUSINESS

Trecora has diversified its revenue mix with a focus on growingits core specialty chemical business while expanding operatingmargins.

Historical Trecora EBITDA Margins >10%TC Wax EBITDA Margins >20%Custom Processing EBITDA Margins >30%

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2014 Financial HighlightsRevenue 3Q: up 26% to $76.9 million YTD: up 27% to $215.6 million

Operating Income 3Q: up 35% to $8.8 million YTD: up 41% to $20.6 million

Cash Provided by Operations YTD: $18.3 million

Cash and equivalents as of 9/30/14: $13.9 million

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AMAK Mine Basics

Mining lease of approximately 44 square kilometers in Saudi Arabia

TREC has 35.25% ownership in AMAK

In operation and profitable since July 2012

New aligned management team is in place

Talc circuit being expanded, operable in 4th quarter- Quality, recovery improvement

Precious metals circuit being modified, operational late 2014- Gold and silver

recovery, improvement

IPO currently scheduled for late 2016 - Opportunity to monetize, determine value

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Value Proposition Undervalued Specialty Chemical Company with Mining Upside

o TREC is undervalued relative to its peers at current valuation multiples• Pro forma the Chusei acquisition ($27.3 Million Proforma ytd 9/30/14 Adjusted EBITDA); and• Factoring in 35% equity ownership value for AMAK (Base $138 Million Equity Valuation Pre-IPO)

Manufacturer that Benefits in a Lower Commodity Pricing Environmento With oil prices in a decline, feedstock costs are depressed and provide for greater margins

Niche, Mission Critical Processing Components for the Chemical Industryo Highly specialized processing components of a growing chemical manufacturing industry

Internationally Competitive in High Growth Emerging Marketso Record sales into Canada, Middle East and Asia and expanding into other markets

Aligned, Proven Management Team that has Executed on its Core Strategyo Nick Carter – 25+ years in a leadership position; South Hampton Resources since 1977o Simon Upfill-Brown – President of South Hampton Resourceso Peter Loggenberg, PhD – President of Trecora Chemical

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Q&A

Thank you

Please visit our websites:

www.trecora.com

www.southhamptonr.com

www.TrecChem.com

www.amak.com.sa

Appendix: Non-GAAP/Products/Applications/Facilities

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AppendixRECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES(1)

(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP.

09/30/14(in thousands except ratio

Current assets 56,888$

Current liabilities 19,669

Working capital 37,219$ (current assets less current liabilities)

Current ratio 2.9(current assets divided by current liabilities)

9/30/2014Net income

$ 13,488 Effects of AMAK

687 Interest

1,805 Taxes

6,247 Depreciation

5,114 Adjusted EBITDA

$ 27,341

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SHR Penhex Capacity & Utilization Capacity doubled in 2008 into two independent process units 6,000 B/D

feed total

Debottlenecked during 2013 and 2014 to current committed capacity of 7,000 B/D feed total

Capacity to be increased by 60% to 11,000 B/D feed total by YE 2015 with addition of a third process train (approximately $30mm project)

Expected to periodically utilize capacity during 2014

Building to meet the needs of the marketo Shale gas has spawned capital investment by our customerso Our goal is to keep the market satisfied

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Chusei Products & Applications

Products: Polyethylene Waxes

Oxidized Waxes

Polypropylene Waxes

Wax Blends

Applications: Flow Modifiers

Nucleating Agents

Anti-blocking Agents

Mold Release Agents

Heat Resistance

Release Agents

Improved Slip

Characteristics

Improved Rub Resistance

Matting Effects

Scratch Resistance

End Products: PVC

Toner

Hot Melt Adhesives

Emulsions

Rubber Compounding

Coating

Blender

Asphalt Roads

Process Aids

Molds

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TC: Specialty Waxes Segment

TC is a respected manufacturer of polyethylene waxes, polyols, resins andcustom processed specialty waxes.

TC has 4% market share of highly-fragmented market with great opportunity to capture additional market share

Strategic location (Pasadena) provides for competitive advantages

Enjoy higher operating margins

TC provides specialty wax expertise and additional custom processing capabilities.

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Custom Processing Facilities

Dedicated Custom Processing(Silsbee, TX)

• White Oils capacity 2,000 barrels/day

• Aromatic Oil capacity 500 barrels/ day

• Bio-jet demonstration unit 10,000 gallons/month

• Para-xylene demonstration unit started up in September 2013

Multi-Purpose Custom Processing

(Pasadena, TX)• Fixed Bed Reactors• Ceramic Line Vessels• SS Vessels• Steam Boilers• Short-Path Distillation Unit

(WFE)• Sandvik Pastillation Belts• Buflovak Drum Flakers

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SHR is a specialty chemical manufacturer of pentanes, hexanes and blendedproducts.

SHR is known in the industry for high purity, consistent product andunmatched customer service.

25%

25%13%11%

26% Isopentane

Normal Pentane

Normal Hexane

Isohexane

Other/Byproducts

Approximate % of Revenue

SHR provides crucial processing components to the manufacturing sector.

South Hampton Resources: Specialty Chemical Segment