Terra Ventures Inc. ("Terra") (TSX VENTURE:TAS) is pleased to announce that it
has entered into an option agreement with Novus Gold Corp. ("Novus") (TSX
VENTURE:NOV) to acquire a 60% interest in the Dorothea Gold Property in Ontario
(the "Property"). To exercise the option, Terra must pay Novus $7,500, make
payments to the underlying vendor of $95,000 over a period of four years, and
incur $400,000 in expenditures on the Property over a period of four years. The
underlying vendor will retain a 2.0% net smelter returns royalty on the
Property, 1.5% of which may be purchased for $500,000.


The Property consists of one mineral claim comprising 192 hectares in the
Thunder Bay Mining District of Ontario. The main target of interest on the
Property is the Hillside showing, discovered in the early 1990s. The showing
consists of a poorly exposed shear zone in mafic volcanics, cut by multiple
quartz stringers, some with visible gold. Assays of grab samples of vein
material ranged up to 42 g/T Au.


Mike Magrum, P. Eng, a qualified person under National Instrument 43-101, has
approved the technical content of this news release.


On behalf of the board of directors of

TERRA VENTURES INC.

Gunther Roehlig, President & CEO

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.


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