Teras Resources Inc.

Teras Resources Inc.

November 28, 2007 11:34 ET

Teras Retains Stirling Investor Relations

CALGARY, ALBERTA--(Marketwire - Nov. 28, 2007) - Teras Resources Inc. ("Teras") (TSX VENTURE:TRA): Peter Leger, President and Chief Executive Officer of Teras is pleased to announce that, subject to TSX Venture Exchange acceptance, the company has retained Stirling Investor Relations ("Stirling") of Calgary, Alberta, to provide investor relations and financial communication services.

Stirling is a full and comprehensive provider of investor relations services. Stirling will assist Teras in fostering productive, continuing dialogues with analysts, brokers, investors and other investment professionals. Stirling will receive a monthly retainer of C$4,000 for an initial 12-month term. Teras will also issue as compensation to Stirling a total of 150,000 incentive stock options (the "Options"), which will be granted immediately and are exercisable at C$0.30 per share. The options are exercisable until November 15, 2010 and shall vest in accordance with TSX Venture Exchange guidelines and Teras' stock option plan and will expire 30 days after the expiration of the contract. Stirling is wholly owned by Sam Grier and has been offering investor relation services since November 2005. Mr. Grier does not currently own any shares of Teras.

Teras' vision is to acquire properties with established technical merit. The company's exploration work will be focused on detailed diamond drilling programs and proving resources with an NI 43-101 compliant resource report.

Teras will continue to update shareholders on the progress of future corporate news, financings, and project developments.

All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the Alberta Securities Commission, the British Columbia Securities Commission and maintained on www.sedar.com.

The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Teras Resources Inc.
    Peter Leger
    (403) 852-0644
    Email: pleger@teras.ca
    Website: www.teras.ca
    Stirling Investor Relations
    Sam Grier
    (403) 229-2115
    (403) 802-0766 (FAX)