Teras Resources Inc.

Teras Resources Inc.

April 12, 2007 09:00 ET

Teras Receives Exploration License

CALGARY, ALBERTA--(CCNMatthews - April 12, 2007) - Teras Resources Inc. ("Teras") (TSX VENTURE:TRA): Peter Leger, President and Chief Executive Officer of Teras is pleased to announce the receipt of an Exploration License from the Montana Department of Environmental Quality.

The License is effective as of March 28th, 2007 for a period of 12 months, and allows Teras to carry out exploration activities on the Watseka Project located in Madison County, Montana. In addition to geochemical sampling and ground geophysics, Teras plans to carry out a diamond drilling program which will test the potential below the old underground mine workings of the Watseka property.

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

Dale A. Vitone, B.Sc., P.Eng., is the company's nominated qualified person responsible for monitoring the supervision and quality control of the programs completed on the company's properties. Mr. Vitone has reviewed and verified the technical information contained in this news release.

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

Stock Symbol TRA on the TSX Venture Exchange Inc.

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 Inc., the Alberta Securities Commission, the British Columbia Securities Commission and maintained on www.sedar.com.

The TSX Venture Exchange Inc. 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