Terra Ventures Inc.
TSX VENTURE : TAS

Terra Ventures Inc.

March 26, 2008 09:42 ET

Retransmission - Terra Ventures Inc.: Six More Drill Holes Intersect Uranium Mineralization at Midwest NE Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2008) - Terra Ventures Inc. (TSX VENTURE:TAS) is pleased to provide an exploration update on the Midwest NorthEast Uranium property in which Terra owns a 10% production carried interest. Hathor Exploration (TSX VENTURE:HAT) owns the remaining 90% in the property.

In a press release dated March 25 Hathor reports "Further to its news release dated March 3, 2008, Hathor Exploration Limited (TSX VENTURE:HAT) is pleased to announce gamma ray scintillometer results from an additional seven drill holes completed on its Midwest NorthEast Property, Saskatchewan, in the immediate vicinity of its discovery drill hole MWNE-08-12, which intersected uranium mineralization including 11.9 metres grading 5.29 per cent U3O8.

Six drill holes (MWNE-08-16 through MWNE-08-21) have extended the uranium mineralization that was intersected in hole MWNE-08-12. This area of basement-hosted mineralization is now referred to as the "Roughrider Zone".

Natural gamma emission radiation in drill core from these holes was measured in counts per second (cps) using a hand-held Exploranium GR-110G gamma-ray scintillometer. Individual zones (ranging from 20 cm to 2.8 metres) of highly-radioactive (5,000 cps to greater than 9,999 cps (off-scale)) mineralization were encountered within broader zones of elevated radioactivity (greater than 500 cps), of up to 14.9 metres, in drill holes MWNE-08-16 through MWNE-08-21. Scintillometer results of greater than 999 cps are presented below. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured, and should be used only as a preliminary indication of the presence of radioactive materials. Because of the length of time before laboratory assay results are available, Hathor uses scintillometer readings as a reliable guide for its on-going drill program. As an example, off-scale scintillometer readings in hole MWNE-08-12 returned laboratory assay results grading as high as 40.20% U308 over a 20 cm core interval.

Drill hole MWNE-08-12 was drilled at an azimuth of N320 degrees E and a dip of -70 degrees to a total depth of 333 metres.

Drill hole MWNE-08-16 was a vertical hole collared 79 metres at a bearing of N320 degrees E from drill hole MWNE-08-12 and drilled to a total depth of 416 metres. Scintillometer results greater than 999 cps are:




From (m) To (m) Intersection (m) CPS
----------------------------------------------------
214.40 215.00 0.60 1,200
216.80 217.30 0.50 1,700
217.30 217.80 0.50 3,000
217.80 218.00 0.20 5,000
218.00 218.70 0.70 2,000
228.30 228.60 0.30 greater
than
9,999
228.60 228.90 0.30 5,000
229.20 229.60 0.40 greater
than
9,999


Drill hole MWNE-08-17 was a vertical hole collared 81 metres at a bearing of N306 degrees E of drill hole MWNE-08-12 and drilled to a total depth of 306 metres. Scintillometer results greater than 999 cps are:



From (m) To (m) Intersection (m) CPS
--------------------------------------------------
219.40 219.60 0.20 1,700
220.90 222.00 1.10 6,000


Drill hole MWNE-08-18 was a vertical hole collared 79 metres at a bearing of N335 degrees E from drill hole MWNE-08-12 and drilled to a total depth of 408 metres. Scintillometer results greater than 999 cps are:



From (m) To (m) Intersection (m) CPS
-------------------------------------------------------------
189.20 189.90 0.70 5,000 sandstone
205.10 205.20 0.10 3,000
234.30 234.80 0.50 greater
than
9,999
242.80 243.00 0.20 6,000


Drill hole MWNE-08-19 was drilled from the same collar location as MWNE-08-18, had a dip of -85 degrees at an azimuth of N315 degrees E and drilled to a total depth of 444 metres. Scintillometer results greater than 999 cps are:



From (m) To (m) Intersection (m) CPS
--------------------------------------------------
244.00 244.10 0.10 3,000
244.10 244.75 0.65 2,000
244.75 244.95 0.20 greater
than
9,999
244.95 245.15 0.20 5,000
245.15 245.60 0.45 greater
than
9,999
245.60 245.85 0.25 5,000
245.85 246.00 0.15 2,000
283.00 283.30 0.30 2,000
283.30 283.50 0.20 5,000
283.50 283.70 0.20 2,000


Drill hole MWNE-08-20 was collared 167 metres at a bearing of N314 degrees E from drill hole MWNE-08-12. It had a dip of -70 degrees at an azimuth of N135 degrees E and was drilled to a total depth of 357 metres. Scintillometer results greater than 999 cps are:



From (m) To (m) Intersection (m) CPS
--------------------------------------------------
249.00 249.30 0.30 greater
than
9,999
249.30 250.60 1.30 1,000
250.60 250.80 0.20 greater
than
9,999
251.60 252.00 0.40 greater
than
9,999
252.00 252.30 0.30 4,000
254.30 254.50 0.20 greater
than
9,999
254.50 254.85 0.35 8,000
254.85 255.00 0.15 greater
than
9,999
255.00 255.25 0.25 8,000
255.25 255.40 0.15 1,000
256.15 256.65 0.50 1,000
256.65 256.80 0.15 5,000
256.80 259.10 2.30 greater
than
9,999
259.10 259.45 0.35 6,000
259.45 259.75 0.30 2,000
260.75 261.00 0.25 greater
than
9,999
261.00 261.60 0.60 9,000
261.60 261.95 0.35 3,000
261.95 262.40 0.45 greater
than
9,999
262.40 262.70 0.30 4,000
262.70 263.00 0.30 greater
than
9,999
263.00 263.30 0.30 2,000
263.70 263.90 0.20 4,000
319.75 320.75 1.00 greater
than
9,999


Drill hole MWNE-08-21 was collared 167 metres at a bearing of N320 degrees E from drill hole MWNE-08-12. It had a dip of -73 degrees at an azimuth of N135 degrees E and was drilled to a total depth of 348 metres. Scintillometer results greater than 999 cps are:



From (m) To (m) Intersection (m) CPS
--------------------------------------------------
244.95 245.35 0.40 6,000
245.35 245.70 0.35 greater
than
9,999
245.70 246.45 0.75 1,500
246.45 246.60 0.15 greater
than
9,999
246.60 246.70 0.10 1,000
246.70 248.50 1.80 3,000
248.50 250.70 2.20 greater
than
9,999
250.70 251.30 0.60 7,000
255.80 256.10 0.30 4,000
256.10 256.65 0.55 8,000
257.50 257.90 0.40 1,000
265.60 265.70 0.10 2,000
265.70 267.00 1.30 greater
than
9,999


Drill core samples from the latest holes completed in the Roughrider Zone will be submitted for assay analyses to the Geoanalytical Laboratories of the Saskatchewan Research Council (SRC), with facilities operating in accordance with ISO/IEC 17025:2005 (CAN-P-4E) general requirements for the competence of mineral testing and calibration laboratories. No anomalous scintillometer readings were reported from hole MWNE-08-14. Holes MWNE-08-13 and MWNE-08-15 were not drilled in the vicinity of the Roughrider Zone and did not produce anomalous scintillometer readings.

Assay results (together with mineralized intervals, geological synopses and pertinent downhole, gamma-ray radiometric probe results including (eU3O8 grades) will be released following their receipt from the) SRC. The reader is cautioned that assay results are not expected for a period of at least eight weeks from the delivery of core samples to the SRC laboratory in Saskatoon.

The current winter exploration program, utilizing two diamond drills contracted from Boart Longyear Inc., is expected to continue for another 2 weeks depending on the continuance of safe ice conditions required for drilling.

Brian Reilkoff, P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.

Hathor's 90-per-cent-owned Midwest Northeast project is located in northern Saskatchewan's Athabasca basin, immediately adjacent to the Midwest property of AREVA Resources Canada Inc., Denison Mines Corp. and OURD Canada Co. Ltd. There, subject to regulatory approvals, mine site construction is slated to begin in mid-2009 and open-pit mining of a shallow orebody that grades 5.47 per cent uranium oxide is planned for early 2010. Terra Ventures (TSX VENTURE:TAS) owns a 10% production carried interest in the Midwest Northeast Property.

Points North Landing, a regional service centre to the region, is located about eight kilometres from Hathor's Midwest NorthEast property and the modern AREVA-operated McClean Lake uranium mill facilities are located approximately 10 kilometres to the east."

On behalf of the board of directors of TERRA VENTURES INC.

Gunther Roehlig, Director

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

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