Teras Resources Inc.

Teras Resources Inc.

June 18, 2009 09:00 ET

Teras Updates Shareholders on Its Watseca Project

CALGARY, ALBERTA--(Marketwire - June 18, 2009) - Teras Resources Inc. ("Teras" or "the Company") (TSX VENTURE:TRA): Peter Leger, President and Chief Executive Officer of Teras would like to provide its shareholders and investors with an update regarding its Watseca project in Rochester, Montana.

Early in the first quarter 2009, Teras acquired historical reports on its Watseca project in Rochester Montana. The reports include underground drawings of the workings, data and general information covering historical periods from the mid 1800's to the early 1900's. Upon Teras' review of the information in these reports, Teras was encouraged in moving forward and developing the project further.

The project is on patented lands owned by Teras and has an ore processing mill on location. Teras has recently restored power to the site and is currently working to recondition the processing facility. Teras has been discussing the development of the project with a few different mining groups over the past few months and has recently entered into advanced discussions with a mining group from out of state that has many years of experience with underground mining operations and operating processing plant equipment such as is located on the mill site.

About Teras

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

This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news 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)