DGSE Announces Appointment of New Chief Executive Officer

DGSE Companies, Inc. (NYSE MKT: DGSE) today announced that it has appointed James J. Vierling to serve as its Chief Executive Officer, President and as Chairman of the Board. Mr. Vierling replaces Mr. William H. Oyster in these positions. Since 2009, Mr. Vierling, 50, has been the President of SBT, Inc., DBA Southern Bullion Coin & Jewelry (“SBT”), a now-wholly-owned subsidiary of DGSE. Prior to September 14, 2011, Mr. Vierling was a part owner of SBT with NTR Metals, LLC, our largest vendor and largest shareholder. SBT was acquired by DGSE on September 14, 2011 in an acquisition from NTR Metals, LLC, Mr. Vierling and the other members of SBT. As President of SBT, Mr. Vierling grew that company into a 23-location, highly successful operation. During this growth, Mr. Vierling implemented numerous policies, procedures, systems and controls, many of which DGSE has now adopted. Mr. Vierling has been instrumental in advising on the process of assembling DGSE's new management team and coordinating the restatement process. Prior to his involvement with SBT, from 2005 until 2009, Mr. Vierling was Chief Marketing Officer and Strategic Planner of A-1 Premium Acceptance, an installment loan company. Mr. Vierling holds a BA in Economics from the University of Missouri. He graduated in 1984.