Terra Ventures Inc.

Terra Ventures Inc.

January 28, 2010 13:59 ET

Terra Ventures Inc.: Hathor Commences Drilling at Midwest Northeast Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 28, 2010) - Terra Ventures Inc. (TSX VENTURE:TAS) is pleased to provide an update on the Midwest Northeast Uranium property in which Terra owns a 10% production carried interest. In a press release dated January 28, 2010, Hathor reported: Hathor Exploration Limited (TSX VENTURE:HAT) is pleased to announce that all four diamond drill rigs mobilized to its Midwest NorthEast uranium property in the Athabasca Basin are now drilling. Sixty to eighty holes have been planned, weather dependent, for up to 26,000 meters of drilling.

The winter drill program will have three objectives:

  • To increase the mineral resource of the partially outlined Roughrider Zone. This will be pursued by infill, step out and down dip continuity drilling with the primary focus being the full delineation of the high-grade zones. Currently, these high-grade zones comprise just 10% of the total tonnes that define the recent NI 43-101 resource calculation but contain approximately 56% of the reported pounds of uranium.
  • To begin delineating the extent of the high-grade mineralization in drill hole MWNE 09-170 (28 metres of 12.71 wt% U3O8) which is located on land approximately 200 metres east of the nearest drilling in the Roughrider Zone (see Hathor news release dated 12th Nov 2009). This will be done by targeting the dip and strike extensions of the known mineralization in closely spaced drill hole fences.
  • To carry out reconnaissance drilling of other targets elsewhere on the property, including further testing of the strong alteration zone drill intersected about 1.2 km east-northeast from the Roughrider Zone (see Hathor news release dated 5th Aug 2009).

Team Drilling LP of Saskatoon, Saskatchewan, is providing drill equipment and services.

Terra Ventures Inc. owns a 10-per-cent production carried interest in the Midwest NorthEast property.

Benjamin Ainsworth., P.Eng., VP Exploration, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.

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 interest 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
"Gunther Roehlig"

Gunther Roehlig, President

This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

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 or accuracy of this news release.

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