Deep Diamond Drill Core From the Cahuilla Gold/Silver Project Excite Teras' Technical Team

Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE:TRA)(OTCQX:TRARF):
Teras is pleased to report progress of the Company's second deep diamond drill
hole, CAH-304, at the Cahuilla gold/silver project in Imperial County,
California. Furthermore, the reverse circulation drill has finished
pre-collaring and casing the third deep core hole, CAH-305, to 286.5m (940') and
is currently drilling in the far northeast project area with the objective of
expanding the near surface disseminated and high grade vein precious metal
resources. 


The original plan for CAH-304 was to pre-collar the hole to approximately 305m
(1,000') and then continue with the diamond drill. However, the reverse
circulation drill intersected very strongly silicified and veined fanglomerate
beginning at 61.0m (200') which became exceedingly hard and broken at 176.8m
(580'). CAH-304 is located in an area where many historic drill holes were lost
in highly faulted, silicified and strongly mineralized ground at approximately
this same depth. As a result, the Company determined that the hole should be
cased and diamond drilling initiated at 176.8m to obtain better quality samples
and more precise geologic data in this relatively untested area at depth. 


CAH-304 was targeted to test a substantial geophysical anomaly along a major
mineralized fault structure where strongly silicified, heavily veined and
mineralized fanglomerate extends to the bottom of many drill holes that were
terminated as a result of difficult ground conditions. The drill successfully
navigated through this zone and encountered the highly silicified and veined
rock, which is characteristic of this major structural zone, for 201.2m (660')
to a depth of 262.1m (860'). An example of this exceptionally altered core is
shown below:


To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/tra1001-F1.pdf.


The multiple episodes of veining, brecciation and intense silicification are
very apparent in the core and the Company feels that this new geologic
information is especially valuable since the favorable alteration, which is
commonly an excellent gold/silver host rock, extends far below the existing
gold/silver resource.


CAH-304 is situated near the original 1992 historic Cahuilla discovery hole,
TM-28, that contained 73.2m @ 3.8 g/t gold (240' @ 0.112 oz/t) from 25.9 to
99.1m including 13.7m @ 12.30 g/t and 4.6m @ 10.8 g/t (35' @ 0.357 and 15' @
0.315 oz/t), yet the hole was only drilled 146.3m (480') deep. Teras also
drilled CAH-130 in this general area in 2011 which intersected 97.5m @ 1.85 g/t
(320' @ 0.054 oz/t) from 24.4 to 121.9m including 9.1m @ 10.3 g/t and 1.5m @
28.6 g/t (30' @ 0.300 oz/t and 5' @ 0.836 oz/t). This hole was terminated early
as a result of difficult ground conditions at 169.2m (555') in 3.1m @ 1.71 g/t
(10' @ 0.050). 


Reverse circulation drill samples are being collected by Mr. Paul Stubble,
Project Geologist and Manager, split on site, placed in sample bags and
delivered to Inspectorate Laboratory in Reno, Nevada for gold/silver analysis.
In addition, the Company collects separate splits of each reverse circulation
sample at the drill which are retained for future cross-check assays. Core
samples are also collected on site, placed in boxes, photographed, split in half
by a rock saw and one half will be analyzed by Inspectorate. Sample blanks and
certified standards will be inserted into the sample stream at random intervals
for quality control purposes. 


Peter Leger, President and CEO of Teras Resources, commented, "Our Cahuilla
technical team is especially excited about the exceptionally long intercept of
very strongly altered and veined fanglomerate in CAH-304 that persists to a much
greater depth than previously known. This type of alteration commonly hosts high
grade precious metal mineralization and we are again looking forward to the
assay results, which may conceivably result in significant increases in our
gold/silver resources. We are planning to core drill CAH-304 to a depth of 610m
(2,000') hoping to encounter silicified and veined rock at the depths we
observed in CAH-303 to further enlarge this already extensive, precious
metal-rich epithermal system." 


Dale A Vitone, P. Eng., registered with the Association of Professional
Engineers of Ontario, Alberta and Northwest Territories and a Director of Teras,
is the Company's nominated qualified person responsible for monitoring the
supervision and quality control of the programs completed on the Company's
properties. Mr. Vitone has reviewed and verified the technical information
contained in this news release. 


About Teras

The Company is focused on developing its Cahuilla project located in Imperial
County, California. The project encompasses an area of at least 3 km by 1.5 km
and demonstrates the potential for a large-scale, bulk mining operation
consisting of altered and mineralized sedimentary and volcanic host rocks with
numerous sheeted high-grade quartz veins. Teras filed a NI 43-101 compliant
technical report with an indicated resource of 1.2 million plus ounces of gold
and 11 million plus ounces of silver on its Cahuilla project (70.148 million
tons at an average grade of 0.015 ounces per ton gold and 0.17 ounces per ton
silver with a cut-off of 0.008 ounces per ton gold). The Company has an
aggressive plan to increase the grade and tonnage of the resource and develop
the project for future mining operations.


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 of accuracy of this news release.


This press release may contain "forward-looking information" within the meaning
of applicable Canadian securities legislation. All statements, other than
statements of historical fact, included herein may be forward-looking
information. Generally, forward-looking information may be identified by the use
of forward-looking terminology such as "plans", " expects" or "does not expect",
"proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or variations
of such words and phrases, or by the use of words or phrases which state that
certain actions, events or results may, could, would, or might occur or be
achieved. In particular, this press release contains forward-looking information
regarding: the potential of the Cahuilla Project; the potential of geophysical
programs on the Cahuilla Project; the potential to expand the resource, to
identify new targets and to identify high grade zones and structures; the timing
of and potential of drilling and exploration programs, surveys, studies and
developments; and the potential for finding high grade deposits. This
forward-looking information reflects the Company's current beliefs and is based
on information currently available to the Company and on assumptions the Company
believes are reasonable. These assumptions include, but are not limited to, the
actual results of exploration projects being equivalent to or better than
estimated results in technical reports or prior exploration results; future
costs and expenses being based on historical costs and expenses, adjusted for
inflation; continued success in drilling and exploration programs and geological
and geophysical studies at the Cahuilla project; successful studies in mining
techniques and metallurgy; commodity prices continuing at today's prices or
rising; obtaining the necessary funding to carry out recommended work programs,
exploration and studies; and continued success in obtaining permits. Additional
assumptions can be found in the Company's disclosure documents on the SEDAR
website. 


Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially different from those
expressed or implied by such forward-looking information. Such risks and other
factors may include, but are not limited to: the early stage development of the
Company and its projects; general business, economic, competitive, political and
social uncertainties; commodity prices; the actual results of current
exploration and development or operational activities; competition; changes in
project parameters as plans continue to be refined; accidents and other risks
inherent in the mining industry; lack of insurance; delay or failure to receive
board or regulatory approvals; changes in legislation, including environmental
legislation, affecting the Company; timing and availability of external
financing on acceptable terms; conclusions of economic evaluations; and lack of
qualified, skilled labour or loss of key individuals. Although the Company has
attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there may
be other factors that cause results not to be as anticipated, estimated or
intended. Accordingly, readers should not place undue reliance on
forward-looking information. The Company does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Teras Resources Inc.
Peter Leger
President
(403) 262-8411 or (403) 852-0644
pleger@teras.ca
www.teras.ca
Teras Resources (TSXV:TRA)
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