SOURCE: Terra Energy & Resource Technologies, Inc.

April 13, 2011 01:00 ET

Terra Energy & Resource Technologies Signs a Services Contract with YPF for Oil & Gas Exploration in Argentina

NEW YORK, NY--(Marketwire - Apr 13, 2011) - Terra Energy & Resource Technologies, Inc. (OTCBB: TEGR), a natural resource exploration technology company, has been granted a services contract by YPF for oil and gas exploration of a license area in the province of Mendoza, Argentina. The contract requires Terra to carry out the services using its satellite-based Sub-Terrain Prospecting (STeP®) technology. STeP® is a proprietary method which uses the innovative models and techniques to remotely process satellite and other analytical data and accurately delineate oil and gas deposits.

"YPF is the largest Argentine oil and gas exploration and production company, and we are very pleased that such a prominent company as YPF elected to utilize Terra's exploration STeP® services," said Dmitry Vilbaum, CEO of Terra Energy & Resource Technologies. "Our STeP® technology has been utilized literally around the world for various clients. STeP® helps reduce exploratory risks, save time and reduce costs; and we consider it to be one of the best early exploration tools available today. We are proud a major energy player such as YPF has selected STeP® for its exploration purposes."

Dr. Alexandre Agaian, President of Terra Energy & Resource Technologies, stated: "This project is a pilot for YPF, and we expect that this contract will pave the way for future business. We plan to demonstrate to the client that our STeP® product provides a superb value compared with traditional geological tools applied in early and intermediate exploration."

About Terra Energy & Resource Technologies, Inc.

Terra Energy & Resource Technologies, Inc., through its subsidiary Terra Insight Services, Inc., provides mapping and analysis services for exploration, drilling, and mining companies related to natural resources found beneath the surface of the Earth. The Company uses a suite of innovative and efficient technologies, which facilitate the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources, and assesses them for any given geographic area -- on or offshore. For more information, visit

Safe Harbor for Forward-looking Statements

This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its operations, services, plans, projects, and contracts, and its plans or proposals to acquire interests in, or participate in, exploration activities or properties, to fail to materialize, including, but not limited to, availability of capital, satisfaction of contractual conditions and requirements, unfavorable geologic conditions, the amount of reserves projected or ultimately discovered, and general regional economic conditions.

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