Teras Resources Inc.

COMPANY DATA | INTRODUCTION |  PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE

COMPANY DATA

INTRODUCTION

Teras Resources is a junior exploration and resource development company. Its mission is to increase shareholder value by exploring and developing high quality gold and base metal properties in North America and becoming a metal producer as soon as possible.

PROJECT IN HAND

Cahuilla Gold Project, Imperial County, California, USA

Under an earn-in agreement with Consolidated Goldfields Corporation providing, Teras has a 65% earn-in interest in the world class Cahuilla gold project. The Cahuilla project is located in Imperial County, the most "mining friendly" county in the State, approximately 2 miles west of the community of Salton Sea Beach and 30 miles south of Indio, California. The project area encompasses approximately 2,100 acres. The majority of the deposit is hosted on the Torres Martinez Indian Reservation.

Since the late 1980's, an estimated $6 million has been spent on the project and has produced 214 drill holes (112,168 ft) of data. Historical work was performed by major mining companies that include Newmont, Homestake (Barrick), Kennecott and by the Torres Martinez Indian Tribe. Significant fieldwork has established an extensive gold system.

The Cahuilla deposit currently has a historical resource of 856,000 ounces of gold (an indicated mineral resource of approximately 750,100 ounces of gold and an inferred mineral resource of approximately 106,000 ounces of gold). The Cahuilla project demonstrates the potential of 3 million plus ounces of gold with silver credits.

On December 1, 2006, Consolidated has executed a formal Exploration-Mining Agreement for the project with the Torres Martinez Indian Tribe providing exclusive rights to explore, develop and conduct mining operations on reservation lands.

AMEC Engineering completed a NI 43-101 technical report on the project in the fall of 2007. There is $1 million cash in bank to advance Cahuilla in 2010.

Cahuilla Project drilling program is scheduled to start in May 2010.

• Increase the gold resource size from 856,000 ounces to an indicated 3 million plus ounces of gold

• 3 million ounce plus gold projects are in demand by the majors today

Cahuilla Project Summary

• Gold prices are at records levels and expected to increase over the next few years

• Major Mining companies have announced publicly they are looking for projects with 3 million oz Plus Gold resources

• Cahuilla has proven resources with drill results to indicate a 3 million ounce plus gold project in the near term

• $ 1 million cash in bank to advance Cahuilla in 2010

• Long term mining agreements in place

• Proven technical team with proven track records and over 12 years experience on Cahuilla

Other Projects

Watseka Project, Montana, USA

The Watseka Project is located in Rochester Mining District, Madison County, Montana. The property includes a partially exploited gold mine which contains 4 intersecting narrow high grade veins and a mill site. Planned exploration work includes geologic mapping, trenching, rock/soil sampling, and diamond drilling. On site mill has been upgraded in the summer of 2009 to process ore.

Golden Jubilee Project, Montana, USA

The Golden Jubilee Project is located in Granite County, Montana. The main zone is a high grade gold vein structure with historical reports that estimate 0.4 to 1.2 oz/t gold grade. Demonstrates 251,030 ounces of gold over 4 categories (452,750 tons ore). Exploration program: Prospecting, mapping, geochemical sampling, trenching, geophysics and diamond drilling. Entrance to the mine has been upgraded in fall of 2009.

Tuco Project, Nevada, USA

The Tuco Project is located in Mineral County, lies within the Walker Lane Structure in Nevada, and adjacent to the Rawhide epithermal Au-Ag deposit. The project consists of 100 claims with drill ready targets. Rock samples range up to 938 ppm Mo, 0.19% Cu, with weak gold. Exploration program: Detailed mapping, rock/soil sampling, extend geophysics, and drilling.

Tombstone Project, Nevada, USA

The Tombstone Project is located in Mineral County, lies within the well mineralized Walker Lane structure, and adjacent to the Rawhide epithermal Au-Ag deposit. The project consists of 100 claims with veins in granite having densities up to 3%. Exploration may include detailed mapping, rock/soil sampling, extend geophysics, and drilling.

Spanish Canyon Project, Nevada, USA

The Spanish Canyon Project is located along the west flank of the Shoshone Mountains, northwest of Tonopah, Nevada. The property is situated in the Grantsville Mining District. The project consists of 94 claims characterized by Carlin Type systems with drill ready targets. Exploration program: Geological mapping, geochemical rock/trench sampling, soil sampling, and drilling.


MANAGEMENT

Peter Leger, President & CEO, Director
Mr. Leger has over 25 years experience in building successful businesses. Mr. Leger is Vice President and a Director of Radar Acquisitions Corp. He is also a founder and director of TIEX as well a founder of Vindt Resources Inc. Mr. Leger joined Teras in 2006, restructured the Company including financing and attracting a new board of Directors with strong technical backgrounds.

Kuldip C. Baid, C.A., Chief Financial Officer
Mr. Baid brings with him over 30 years experience in all aspects of accounting. Mr. Baid has held many long term positions with companies such as KIK Polymers Inc. and Turbo Resources Limited.

Dr. Dennis LaPoint, Ph.D, Director
Dr. LaPoint brings over 30 years experience to Teras having managed projects for companies such as Texasgulf, Cominco and Cambior Inc.

John Batiuk, B.Sc., Senior Project Manager & Director
Mr. Batiuk graduated as a Geologist and brings over 30 years experience as a Project Manager and Senior Analyst.

Dale A. Vitone, P.Eng., Director
Mr. Vitone has over 40 years of extensive mining and process engineering. He has worked around the world for major international EPCM corporations.

James Hutch, P.Eng., Director
Mr. Hutch is a Senior Engineer with over 40 years experience. He has served on the Board of Directors for Goldcorp Inc. as the Lead Director from 1998 to 2004. Mr. Hutch brings many years of valuable insight as a large Gold Producer.

Thomas E. Callicrate, Certified Professional Geologist, Registered Geologist, Vice President of Exploration
Mr. Callicrate brings over 30 years of experience in domestic and international mineral exploration. He is responsible for the discovery of many mines. He is currently President and CEO of Consolidated.

Thomas K. Mancuso, M.Sc. Geology, Vice President of Project Development
Mr. Mancuso is a well-respected development geologist and has more than 30 years of experience in exploration, operations and management of various mining companies. He is currently Director and VP Project Development, for Consolidated.

In addition to above, Mr. Callicrate and Mr. Mancuso purchased and further developed the Mesquite mine from Newmont; which is located in Imperial County California. Today the mine is in full production producing approximately 200K ounces of gold per year.

Timothy Bergen, Corporate Secretary
Mr. Bergen brings over 20 years of entrepreneurial experience including the mining and the mine exploration and development industry.


NEWS UPDATE

On April 30, 2010, Consolidated Goldfields Corp. announced that Teras Resources Inc. has initiated exploration and development on the Cahuilla gold project in Imperial County, California. Drill program scheduled to start in May 2010 with the anticipation of increasing the resource.

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