NEW YORK, June 16 /PRNewswire-FirstCall/ -- Terra Energy & Resource Technologies, Inc. (OTC:TEGR) (BULLETIN BOARD: TEGR) , a natural resource exploration services technology company, announces that the Company successfully completed the first phase of the pilot project with the Natural Resource Authority of Jordan and has started the second phase. "The project consists of two major phases, where we are to utilize our STeP(R) (satellite-based) technology in phase one, followed by the NAGS (geochemical application) method in phase two," said Dr. Alexandre Agaian, President of Terra Energy & Resource Technologies, Inc. The Letter of Intent, signed with the Natural Resource Authority in March 2008 for the pilot project in Jordan, called for utilizing the Company's technologies to explore Jordan's natural resources. The LOI was signed by the Minister of Energy and Mineral Resources, His Excellency Eng. Khaldoun Qteishat. The non-binding LOI states: "Subject to further negotiations and a formal agreement, it is the intent of the parties that, upon agreement of the Authority that the test is successful the Authority would also commence negotiation of an agreement with TEGR for a Phase 1 STeP and AGS surveying of the whole country of Jordan." "It's very exciting that the Government of Jordan has expressed interest in our technologies and that we are continuing with the second phase of this project," said Dmitry Vilbaum, the Company's Chief Executive Officer. "We intend to expand our technology offering in the near term. We realize that the Middle East is an important region for us in its recognition and demand of our technology services, and we expect to generate additional interest in Jordan and the neighboring countries." 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 or technologies, 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, Aero Strategic Advisory, A division of Aero Financial, Inc., +1-702-982-7732, for Terra Energy & Resource Technologies, Inc. Web Site: http://www.terrainsight.com/

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