Teras Receives Results From the Second Core Hole at Cahuilla Including 3.1m of 10.27 g/t Gold

Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE:TRA)(OTCQX:TRARF)
announces assay results from the second deep core hole along with four reverse
circulation drill holes completed in the northeast project area at the Cahuilla
gold-silver project in Imperial County, California. The second deep core hole,
CAH-304, was drilled approximately 200m northeast of CAH-303, the first diamond
drill hole, to continue testing a pronounced geophysical and structural target
that occurs within the main resource area. 


Results from the second deeper diamond drill hole, CAH-304, were successful in
expanding the disseminated gold/silver resource at depth in areas where past
drilling was terminated due to difficult drilling conditions. In addition,
anomalous precious metal mineralization was encountered deep in the hole,
similar to the results seen in CAH-303. Reverse circulation holes CAH-312 to
CAH-315 were also successful in expanding gold/silver mineralization outside of
the current NI 43-101 resource in the far North East section. Both the core and
reverse circulation holes for the first phase of the current drill program are
shown on the following map:


To view the Map, please visit the following link:
http://media3.marketwire.com/docs/tra1121-F1.pdf.


In addition to expanding the high grade vein and disseminated precious metal
mineralization, significant findings from the results reported below include the
relatively long intercepts of gold and silver mineralization encountered in
CAH-312 and CAH-313 in areas that are well outside of the defined NI 43-101
resource. This represents further evidence that only a small portion of the
epithermal system has been tested and the possibility for expanding the
gold/silver resource at Cahuilla is excellent as confirmed in the recent drill
results. Core holes CAH-305 and CAH-311 as well as reverse circulation holes
CAH-316 and CAH-317 are currently being prepared and assayed at the lab and
results will be reported once received. 


CAH-304 was pre-collared to 189.0m (620') and cored to a total depth of 504.4m
(1655'). Reverse circulation exploration holes CAH-312 through CAH-315 are
located in the far northeast project area and results are reported in the table
below: 




----------------------------------------------------------------------------
                                    Thickness     Gold - g/t                
Hole #      From      To      TD     - m (ft)       (oz/ton)         Remarks
----------------------------------------------------------------------------
CAH-304     44.2    54.9   189.0    10.7 (35)   0.60 (0.017)   RC Pre-Collar
----------------------------------------------------------------------------
            68.6    94.5            25.9 (85)   2.23 (0.065)                
----------------------------------------------------------------------------
Including   70.1    73.2             3.1 (10)  10.27 (0.300)                
----------------------------------------------------------------------------
CAH-304    178.3   188.9   504.4    10.6 (35)   0.67 (0.020)   Diamond Drill
                                                                        Core
----------------------------------------------------------------------------
           488.4   499.0            10.6 (35)      Anomalous  Low-level Gold
                                                                  and Silver
----------------------------------------------------------------------------
CAH-312     13.7    97.5   213.4   83.8 (275)   0.38 (0.011)    RC Northeast
                                                                 Exploration
----------------------------------------------------------------------------
H-313       48.8   121.9   182.9   73.1 (240)   0.72 (0.021)    RC Northeast
                                                                 Exploration
----------------------------------------------------------------------------
CAH-314     65.5    73.2   182.9     7.6 (25)   0.72 (0.021)    RC Northeast
                                                                 Exploration
----------------------------------------------------------------------------
            97.5   103.6             6.1 (20)   0.41 (0.012)                
----------------------------------------------------------------------------
           114.3   134.1            19.8 (75)   0.45 (0.013)                
----------------------------------------------------------------------------
CAH-315     35.1    45.7   182.9    10.6 (35)   0.48 (0.014)    RC Northeast
                                                                 Exploration
----------------------------------------------------------------------------



Core and reverse circulation samples have been delivered to Inspectorate
America, Reno, Nevada and cutting of the core with a rock saw is in progress.
Chip samples from the reverse circulation drilling were collected by Mr. Paul
Stubbe, Project Geologist and Manager, split on site, placed in sample bags and
stored in a secure facility before delivery to Reno, Nevada. The Company also
collects separate splits of each reverse circulation sample at the drill which
are retained for future analyses. Core samples from the diamond drill are
collected on site, placed in boxes, photographed, split in half by a rock saw
and one half is assayed by Inspectorate. Sample blanks and certified standards
are inserted into the sample stream at random intervals for quality control
purposes.


Peter Leger, President and CEO of Teras Resources noted, "The drilling program
is moving forward in a positive direction as planned. The second core hole
CAH-304 was consistent with CAH-303 in extending gold/silver mineralization well
beyond our current NI 43-101 resource at depth. The reverse circulation drilling
in the northeast project area has also expanded the precious metal
mineralization outside of the current NI 43-101 resource. In addition, we are
gaining valuable technical information regarding the Cahuilla gold/silver
epithermal system with the new data, which we will utilize to assist us in
increasing the grade and size of our current gold/silver resource." 


Dale A Vitone, P. Eng., registered with the Association of Professional
Engineers of Ontario, Alberta and North West Territories and a Director for
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 reverse circulation drill program. 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 and future costs and
expenses being based on historical costs and expenses, adjusted for inflation.
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
(403) 852-0644
pleger@teras.ca
www.teras.ca
Teras Resources (TSXV:TRA)
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