SOURCE: Terra Nostra Resources Corp.

March 02, 2007 20:33 ET

Research Coverage Initiated on Terra Nostra Resources With $6.42 Target

DALLAS, TX -- (MARKET WIRE) -- March 2, 2007 -- Micros Report Director of Research Michael A. Willingham introduces a favorable research report on Terra Nostra Resources Corp. (OTCBB: TNRO) which can be found at ( The report discusses China's booming market and demand for products produced by Terra Nostra, and bears a target value of $6.42.

Mr. Willingham detailed the valuation reasoning in the report and had these comments on the company: "The most recent financial statements dated November 30, 2006 show cash of $34,727,127, assets of $181,191,554, and six month revenues at $111,962,015. The company projects over $1 Billion in annual revenues by end of fiscal year 2008 with attributed profit that year expected around $80 million."

Willingham continued, "Using estimated financial projections and industry applicable forward P/E ratios, the stock of TNRO seems significantly undervalued at its current price."

The publishing of this report initiates research coverage on TNRO and can be found at this link The Chinese industry demand coupled with Terra Nostra capabilities make for interesting analysis, so read the entire report for the exclusive insight.

About TNRO

Terra Nostra is one of the leading copper producers in China through its 51% interest in Shandong Terra Nostra Jinpeng Metallurgical Co. Ltd., which has an existing and under construction production capacity of 170,000 MT of electrolytic copper, 20,000 MT of low-oxygen copper, and value-added copper rod and wire facilities. Terra Nostra is also emerging as a leading stainless steel producer in China through its 51% interest in Shandong Quanxin Stainless Steel Co. Ltd., a modern stainless steel production facility that commenced operations in early 2006 with a now expanded 230,000 MT casting mill, and a recently commissioned 150,000 MT rolling mill. The two joint venture companies, with total assets exceeding US$180 million and having over 800 employees, are located in the highly industrialized coastal province of Shandong, midway between Beijing and Shanghai.

More information on Terra Nostra can be found at, or call 1-866-626-0088.

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Safe Harbor:

This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.

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