Teras Resources Inc.

Teras Resources Inc.

April 13, 2011 15:59 ET

Teras Resources Inc. Appoints New Corporate Secretary and Grant of Options

CALGARY, ALBERTA--(Marketwire - April 13, 2011) -Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE:TRA) is pleased to announce the appointment of Mr. Wayne Pineau as the new Corporate Secretary of the Company. Mr. Tim Bergem, the former Corporate Secretary of the Company, resigned from his post effective April 12, 2011.

Mr. Pineau started his career in the information technology industry and earned Microsoft, Novell and numerous other manufacturer certifications. After twenty years in various information technology supervisory and management roles, Mr. Pineau moved onto project management and successfully completed over fifty information technology security projects over a seven year span. Mr. Pineau obtained his Professional Project Management (PMP) certification and has spent the last two years successfully leading a $57 million, six year, infrastructure project for a major transportation company. The Company is very pleased to have Mr. Pineau join its team.

Subject to regulatory approval, the Company granted to Mr. Pineau 150,000 options to purchase common shares of the Company under the Company's stock option plan. The Company has also granted an aggregate of 1,100,000 options to its current directors, officers and consultants under the terms of its stock option plan. The options have an exercise price of $0.61 per share and will vest over an 18 month period releasing as to 1/6 every 3 months. The expiry date of the options will be 5 years from the date of issuance, being April 12, 2016.

About Teras

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

This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein may be forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects the Company's current beliefs and is based on information currently available to the Company and on assumptions the Company believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports or prior exploration results, future costs and expenses being based on historical costs and expenses, adjusted for inflation and the acceptability of the newly appointed officers by the TSX Venture Exchange. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the early stage development of the Company and its projects; general business, economic, competitive, political and social uncertainties; commodity prices; the actual results of current exploration and development or operational activities; competition; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting the Company; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. 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.

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