Terrane Metals Corp.
TSX VENTURE : TRX

Terrane Metals Corp.

September 11, 2007 20:12 ET

Terrane Intersects Copper-Molybdenum Mineralization at Berg

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 11, 2007) -

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

Robert Pease, President and CEO of Terrane Metals Corp. ("Terrane" or the "Company") (TSX VENTURE:TRX) is pleased to announce assay results from the first six holes from the Company's 100%-owned Berg copper-molybdenum-silver project. Berg is located 84 km southwest of Houston, British Columbia and 22 km northwest of the Huckleberry copper-molybdenum mine.

In June 2007, Terrane commenced a 12,000 metre multi-rig drill program at Berg. This program is designed to test for the continuation of the historic resource both laterally and at depth. Assay results are summarized below.



TABLE I
BERG DRILL HOLE SUMMARY

Intersection CuEQ(i)
Hole (m) Cu(%) Mo(%) Ag (g/t) (%)
---------------------------------------------------------------
BRG07-138 124.1 0.41 0.055 12.7 0.83
---------------------------------------------------------------
BRG07-139 118.9 0.42 0.014 5.5 0.54
---------------------------------------------------------------
BRG07-140 79.1 0.54 0.010 4.2 0.63
---------------------------------------------------------------
BRG07-141 118.9 0.25 0.010 1.2 0.32
---------------------------------------------------------------
BRG07-142 103.6 0.52 0.028 3.3 0.72
---------------------------------------------------------------
BRG07-143 304.8 0.29 0.036 4.6 0.55
---------------------------------------------------------------
(i) Copper equivalent calculations use metal prices of
US$1.50/lb for copper, US$10/lb for molybdenum, and US$7/oz
for silver. Copper equivalent calculations reflect gross
metal content and have not been adjusted for metallurgical
recoveries.


All reported holes intersected continuous widths of copper-molybdenum-silver mineralization. Of particular note is Hole BRG07-143 which intersected hypogene mineralization at 215.5 metres down-hole and extended it for some 200 vertical metres below the limit of historic drill holes.

DRILLING SUMMARY

Mineralization at Berg is centered on a quartz monzonite stock that has intruded andesitic volcanics near the contact of a quartz diorite intrusion. The bulk of the mineralization is hosted in volcanics and quartz diorite and forms a semi-continuous halo around the quartz monzonite stock. Two types of mineralization are present: a near-surface supergene blanket where secondary copper minerals have developed and overprinted the primary copper minerals, and an underlying hypogene zone which consists of primary copper and molybdenum mineralization.

The reported results are from the mineralized halo south of the monzonite stock. Four holes (138, 141, 142, 143) were drilled to the north at inclinations of -65 degrees to -70 degrees and intersected widths of copper-molybdenum-silver mineralization in the vicinity of the quartz monzonite-volcanic contact. Selected intervals within the longer mineralized intersections are highlighted in Table I. A drill hole plan can be viewed at the Company's website (www.terranemetals.com).

Hole BRG07-143 was collared in hypogene mineralization and intersected 304.8 metres of 0.29% Cu, 0.036% Mo and 4.6 g/t Ag, including 79.2 metres of 0.33% Cu, 0.054% Mo and 5.7 g/t Ag. This intersection extends mineralization approximately 200 vertical metres below the historic drilling and confirms that hypogene-style mineralization is open to depth in the southern contact area.

Drill holes BRG07-139 and BRG07-140 were drilled southeast and south, respectively, away from the quartz monzonite stock. Both holes were inclined at -65 degrees and successfully tested the outer margin of mineralization. BRG07-139 intersected 118.9 metres of 0.42% Cu and 5.5 g/t Ag, including 42.7 metres of 0.63% Cu. BRG07-140 intersected 79.1 metres of 0.54% Cu and 4.2 g/t Ag, including 51.6 metres of 0.67% Cu.

The Berg drilling program and associated sampling and quality control protocols are directed and supervised by Stewart Harris, P. Geo. of Equity Engineering Ltd., who is a Qualified Person as defined under National Instrument 43-101. ALS Chemex Labs Ltd., an ISO 9001:2000 accredited laboratory in North Vancouver, BC performs sample preparation and assaying for the Berg project. Copper, molybdenum and silver assays utilize aqua regia sample decomposition with analysis by atomic absorption spectrometry. Non-sulphide copper is determined by sample decomposition in a 5% sulphuric acid leach and copper content is measured by atomic absorption spectrometry. In addition to an internal laboratory quality control program, Terrane maintains a quality assurance and quality control program through the systematic use of standards, blanks and duplicates.

ABOUT TERRANE METALS CORP.

Terrane Metals Corp. is an exploration and mine development company focused on the development of the Mt. Milligan gold-copper and Berg copper-molybdenum-silver projects in British Columbia, Canada. Goldcorp Inc. (TSX:GG)(NYSE:G) owns a 58% equity interest in Terrane on a fully diluted basis.

TERRANE METALS CORP.

Robert Pease, P.Geo, FGAC, President and CEO

Cautionary Note Regarding Forward Looking Statements

Except for the statements of historical fact contained herein, the information presented in this News Release constitutes "forward-looking statements" as such term is used in applicable Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. In particular, statements concerning Mineral Resource estimates should be viewed as forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements".
Such forward looking statements, including but not limited to, those with respect to the price of metals, the amount of estimated mineralization and of contained metals and the timing of and possible outcome of pending economic evaluations and other factors and events described in this News Release, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities; variations in the underlying assumptions associated with the estimation or realization of Mineral Resources, the conclusions of economic evaluations and possible variations in ore grade or recovery rates; costs and timing of the development of new deposits; availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares; accidents, labour disputes and other risks of the mining industry including without limitation those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this News Release and in any document referred to in this News Release.

Forward looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.



TABLE I

BERG DRILL HOLE ASSAY SUMMARY
-------------------------------------------------------------------------
Drill From To Length Cu Cu-S Mo Ag
Hole Horizon (m) (m) (m) (%) (%)(i) (%) (g/t)
-------------------------------------------------------------------------
-------------------------------------------------------------------------
BRG07-138 Supergene 33.5 69.2 35.7 0.483 0.448 0.050 26.8
-------------------------------------------------------------------------
Hypogene 69.2 157.6 88.4 0.385 0.385 0.057 6.9
-------------------------------------------------------------------------
Combined 33.5 157.6 124.1 0.413 0.403 0.055 12.7
-------------------------------------------------------------------------
including Hypogene 69.2 90.5 21.3 0.341 0.341 0.081 7.7
-------------------------------------------------------------------------
including Hypogene 99.7 124.0 24.3 0.584 0.584 0.046 11.0
-------------------------------------------------------------------------
-------------------------------------------------------------------------
BRG07-139 Supergene 44.8 142.3 97.5 0.457 0.421 0.016 6.2
-------------------------------------------------------------------------
including 57.0 99.7 42.70 0.626 0.570 0.020 4.0
-------------------------------------------------------------------------
Hypogene 142.3 163.7 21.4 0.268 0.268 0.007 2.7
-------------------------------------------------------------------------
Combined 44.8 163.7 118.9 0.423 0.393 0.014 5.5
-------------------------------------------------------------------------
-------------------------------------------------------------------------
BRG07-140 Supergene 54.1 133.2 79.1 0.539 0.499 0.010 4.2
-------------------------------------------------------------------------
including 60.3 111.9 51.6 0.665 0.614 0.008 4.7
-------------------------------------------------------------------------
-------------------------------------------------------------------------
BRG07-141 Supergene 53.9 172.8 118.9 0.248 0.184 0.010 1.2
-------------------------------------------------------------------------
-------------------------------------------------------------------------
BRG07-142 Supergene 41.8 145.4 103.6 0.524 0.437 0.028 3.3
-------------------------------------------------------------------------
including 81.4 142.3 60.9 0.608 0.504 0.031 4.2
-------------------------------------------------------------------------
-------------------------------------------------------------------------
BRG07-143 Hypogene 215.5 520.3 304.8 0.286 0.286 0.036 4.6
-------------------------------------------------------------------------
including 313.0 367.9 54.9 0.366 0.366 0.024 6.3
-------------------------------------------------------------------------
including 398.4 477.6 79.2 0.329 0.329 0.054 5.7
-------------------------------------------------------------------------
(i) Cu-S (copper sulphide) represents the percentage of copper attributed
to sulphide mineralogy. Copper sulphide is calculated with the
formula 'Cu-S' equals 'Total Copper' - 'Non-sulphide Copper'.
Non-sulphide copper analysis is completed on samples collected from
the supergene horizon of the Berg deposit using ALS Chemex method
code 'Cu-AA05'.


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

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