TAS Terra Ventures

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.


Terra Ventures Inc. (TSX VENTURE:TAS)(FRANKFURT:G7K) ("Terra" or the "Company")
is pleased to announce that it has engaged Salman Partners Inc. and Canaccord
Genuity Corp., as co-lead agents, to conduct a private placement on an agency
basis (the "Offering") of up to 3,333,300 flow-through shares at $0.60 each and
up to 2,000,000 units at $0.50 each. Each unit will consist of one share of the
Company and one-half of one transferable warrant. Each warrant will entitle the
holder to purchase one common share for a period of 18 months after the closing
at an exercise price of $0.70. The agents may elect to increase the unit
offering by up to $500,000 in the event it is over-subscribed.


The gross proceeds from the sale of the flow-through shares will be up to
$1,999,980 and will be used for Canadian Exploration Expenses related to the
exploration of the Company's Canadian exploration projects, and in particular
the exploration of the Company's C-4, C-5 and C-6 Projects in the Wheeler River
area of the Athabasca Basin of Northern Saskatchewan. The Company will renounce
such Canadian Exploration Expenses with an effective date of no later than
December 31, 2010. The net proceeds from sale of the units of up to $1,000,000
(or $1,500,000 if the over-subscription option is exercised), less commission
and expenses, will be used for general working capital purposes.


The agents will be paid a cash fee equal to 7.0% of the gross proceeds raised in
the Offering. In addition, the agents will receive brokers' warrants exercisable
for that number of units as is equal to 7.0% of the aggregate number of units
and flow-through shares sold under the Offering on the same terms as the units
sold under the Offering for a period of 18 months after the closing of the
Offering.


James Hutton, Chairman of the Company, comments: "The completion of this
financing will enable Terra to move quickly to begin exploration activities on
our new uranium exploration assets in the Wheeler River area."


The private placement is subject to regulatory approval, and all securities
issued in connection with the Offering will be subject to a four-month hold
period under applicable securities laws.


Terra Ventures is a junior exploration company focused on acquiring and
developing quality uranium projects which have world class potential. The
Company is dedicated to building shareholder value by acquiring strategic
uranium properties in this period of strengthening global demand for uranium
supply. The Company's combination of strategic land positions, advanced stage
projects and no risk carried projects - combined with technical expertise and
management's fundraising ability - are the foundation for growth in the uranium
business. 


On behalf of the board of directors of TERRA VENTURES INC.

James Hutton, Chairman

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