Terra Ventures Inc.
TSX VENTURE : TAS
FRANKFURT : G7K

Terra Ventures Inc.

December 09, 2010 09:00 ET

Terra Ventures Announces Increase to Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 9, 2010) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Terra Ventures Inc. (TSX VENTURE:TAS)(FRANKFURT:G7K) ("Terra" or the "Company") is pleased to announce that it has amended its previously announced private placement on December 1, 2010, by increasing the agents' option to increase the unit offering by up to a total of $1,000,000 at $0.50 per unit in the event the placement is over-subscribed, each unit consisting of one share and one-half of one transferable warrant, each whole warrant entitling the holder to purchase one common share for a period of 18 months after closing at an exercise price of $0.70. If the unit offering is fully subscribed and the over-allotment option is fully exercised, an aggregate 4,000,000 units will be issued.

Terra Ventures is a junior exploration company focused on acquiring and developing quality uranium projects which have world class potential. The Company is dedicated to building shareholder value by acquiring strategic uranium properties in this period of strengthening global demand for uranium supply. The Company's combination of strategic land positions, advanced stage projects and no risk carried projects – combined with technical expertise and management's fundraising ability – are the foundation for growth in the uranium business.

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

James Hutton, Chairman

Neither the TSV Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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