SOURCE: Terra Nostra Resources Corp.

November 05, 2007 08:15 ET

Micros Report Affirms Buy Rating on Terra Nostra Resources

DALLAS, TX--(Marketwire - November 5, 2007) - Micros Report is pleased to announce the release of its updated research note on Terra Nostra Resources (OTCBB: TNRO). The report is available at Director of Research, Michael A. Willingham authored the report which includes a Fair Value Target price for TNRO of $9.53. Willingham stated in his report:

--  "We elect to apply the industry average 11.9x forward P/E multiple to
    TNRO due to the continued delivering on management forecasts... the
    announcement of the intended uplist to the Amex helped our team lean toward
    applying the full multiple..."
--  "The projected 2008 earnings of $79,722,709 became much more
    believable when the recent 10Q was filed announcing the quarterly net
    income for the three months ended August 31, 2007 was a record

About Terra Nostra

Terra Nostra is a leading copper and stainless steel producer in China through its 51% majority interests in two joint venture companies in China. Shandong Terra Nostra Jinpeng Metallurgical Co., Ltd. has an existing and under construction total production capacity of 170,000 MT of electrolytic copper and 20,000 MT of low-oxygen copper, together with value-added copper rod and wire capabilities. Shandong Quanxin Stainless Steel Co., Ltd. operates a modern stainless steel production facility with a 230,000 MT capacity casting mill, and a 150,000 MT rolling mill. The two joint venture companies, with total assets in excess of US $180 million and over 1,000 employees, are located in the highly industrialized coastal province of Shandong, midway between Beijing and Shanghai. Terra Nostra has entered into an agreement to increase its majority ownership in both joint ventures from 51% to 90%, and this transaction is expected to be completed no later than December 31, 2007.

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