Company to Broaden Its Intellectual Property Platform NEW YORK, June 3 /PRNewswire-FirstCall/ -- Terra Energy & Resource Technologies, Inc. (OTC:TEGR) (BULLETIN BOARD: TEGR) , a natural resource exploration services technology company, announces that the Company acquired all the rights to the satellite-based STeP technology. The Company has purchased all the rights to the technology from the Institute of Geoinformational Analysis of the Earth, and, in connection with the acquisition, terminated the 30 year exclusive worldwide license with the Institute. "Our Company now owns and operates the technology directly, which provides us with complete control of timing, costs, and future R&D efforts. We have completed the transfer of all of the databases, software, and technical documentation and have already hired scientists. While direct ownership of all of the STeP components gives us greater flexibility in the technology's application in service projects, the Company is now empowered to economically examine opportunities associated with Terra's own natural resource interests acquisitions," said Dmitry Vilbaum, the Company's Chief Executive Officer. "Terra Energy & Resource Technologies is dedicated to the creation and development of innovative, highly accurate and efficient exploration technologies. Direct ownership of the STeP technology is the first phase of a longer list of technology acquisitions planned for 2009. We are currently constructing a new suite of exploration technologies that we believe is able to effectively address major challenges of oil & gas and mineral exploration - from effective regional assessment of hydrocarbon and mineral potential of large license blocks to identification of zones of open fracturing and fluid saturation. The STeP technology acquisition is a major milestone in this respect," said Dr. Alexandre Agaian, President of Terra Energy & Resource Technologies, Inc. "Unlike other remote sensing methods, dealing, for instance, with oil seeps, our STeP(R) technology is a more sophisticated suite of analytical and remote sensing methods, such as structure-metric analysis, paleo-reconstruction, geodynamic analysis, and spectrometry. Our deep understanding of subsurface processes enables us to substantially more accurately direct the exploration process from its very early stages onward to the confirmation of a drillable location. Innovative technologies are our major competitive advantage," added Dr. Agaian. About Terra Energy & Resource Technologies, Inc. Terra Energy & Resource Technologies, Inc., through its subsidiary Terra Insight Services, Inc., provides mapping and analysis services for exploration, drilling, and mining companies related to natural resources found beneath the surface of the Earth. The Company uses a suite of innovative and efficient technologies, which facilitate the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources and assesses them for any given geographic area -- on or offshore. For more information, visit http://www.terrainsight.com/. Safe Harbor for Forward-looking Statements This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its operations or its plans to acquire additional exploration properties, plans to drill or drilling results to fail to materialize, including but not limited to competition for new acquisitions; availability of capital; unfavorable geologic conditions; prevailing prices for oil, natural gas and other natural resources; and general regional economic conditions. For More Information, Please Contact: Aero Strategic Advisory, A division of Aero Financial, Inc. Ed Carter 702-982-7732 DATASOURCE: Terra Energy & Resource Technologies, Inc. CONTACT: Ed Carter of Aero Strategic Advisory, +1-702-982-7732, for Terra Energy & Resource Technologies, Inc. Web Site: http://www.terrainsight.com/

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