Vancouver, December 11, 2009 - Terra Ventures Inc. (TSX-V: TAS) wishes to provide an update on its Lac Kachiwiss uranium exploration prospect. Due to current market conditions with respect to U3O8 pricing, the Company did not conduct any core drilling on the Lac Kachiwiss property in 2009.
In addition, with the onset of winter, construction work has ceased on the access route to the property.
Terra Ventures Inc. has proposed a spin-off transaction to reorganize the Company's mineral property assets into two separate public companies in an effort to maximize shareholder value. Until that transaction is complete, no exploration plans will be formulated for any of its wholly-owned properties.
Terra is committed to safe mining exploration practices and the highest industry environmental standards.
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 interest projects - combined with technical expertise and management's fundraising ability – are the foundation for growth in the uranium business.
For further particulars about Terra Ventures, please contact Gunther Roehlig, President, at 1-866-683-0911 or visit the Company’s website at www.terrauranium.com.
On behalf of the board of directors of
TERRA VENTURES INC.
“Gunther Roehlig”
Gunther Roehlig, President
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