Terra Ventures Inc.

Terra Ventures Inc.

March 10, 2008 09:44 ET

Terra to Acquire an Additional 2% Carried Working Interest in Hathor Exploration's Midwest NorthEast Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 10, 2008) - Terra Ventures Inc. (TSX VENTURE:TAS) is pleased to announce that it has entered into an agreement with Bullion Fund Inc. ("Bullion"), a corporation that is at arms-length to the Company, to purchase Bullion's remaining 2% carried working interest in the Midwest NorthEast Project of Hathor Exploration Ltd. (TSX VENTURE:HAT). This purchase will increase Terra's holding to a 10% carried working interest in the Midwest NorthEast Project, which shall be completely carried in all respects through to the completion of a feasibility study and the public announcement that the claims will be put into commercial production. The consideration payable by Terra to Bullion to acquire this interest is $2,500,000 and 3,000,000 shares of Terra. The transaction is subject to regulatory approval.

The Midwest NorthEast Project, located in the Athabasca Basin, is where Hathor recently announced a drill intersection of 11.9 metres grading 5.29 per cent U3O8. In addition, individual assays include 20 centimetres grading 40.2 per cent U3O8.

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

Greig Hutton, President

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

Contact Information