Terra Ventures Inc.

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

COMPANY DATA

INTRODUCTION

Terra Ventures Inc. is a Canadian-based company focused on exploration and development of uranium properties in Canada and the United States. Terra Ventures has more than $8 million in its treasury. The Company is dedicated to building shareholder value by acquiring uranium assets in a period of sharp rises in the price of uranium and diminishing world supplies.

PROJECT IN HAND

(1) Lac Kachiwiss Property, Quebec, Canada

The 2,166 acre 100%-owned Lac Kachiwiss Property, acquired in March 2007, is Terra's most advanced property at this time due to its historic exploration and historic resource estimate. The Property is located 20 km away from the Sept-lles port and is within 5 km of power lines, highway, and the Labrador railway.

The Lac Kachiwiss Uranium Deposit consists of a body of complex, heterogeneous pegmatic material with a strike length of 4,000 metres and a maximum exposed width of 800 metres.

The Property was explored by Getty Minerals Company, a wholly-owned subsidiary of Getty Oil, from 1975 to 1978, and they advanced the Property to a historic resource estimate based on 28 drill holes.

A non NI 43-101 compliant resource estimate of 18.3 million tons grading 0.31 pounds U3O8 per ton (0.015% U3O8) (5.67 million pounds of U3O8) geologically Inferred categories, was prepared internally by Getty in 1978, and was restricted to the drilled area only (about one-third of the exposed area).

Getty's reports consistently refer the Lac Kachiwiss uranium-bearing zone as a "Rossing-type" uranium deposit. The Rossing Uranium Mine, located in Namibia, Africa, is a large tonnage, low-grade uranium mine owned and operated by Rio Tinto since 1976. Rossing's total production plus current reserves is estimated to be 300 million tonnes at 0.33 - 0.77 lbs U3O8/tonne (0.015% - 0.03% U3O8). Low-grade uranium deposits are usually not economically viable in times of low uranium prices, but the Lac Kachiwiss property is of interest again now due to the strong uranium market.

On October 1, 2007, Terra announced that it had received permitting to construct year round road access to its Lac Kachiwiss Uranium Property. Road construction has commenced with a plan of drilling as soon as possible.

(2) 10% Production Carried Interest in Titan Uranium Inc. Properties, Athabasca Basin, Saskatchewan, Canada

In February 2007, Terra acquired a 10% production carried interest in 7 properties comprising 310,158 acres and coverings 34 claims in the prolific Athabasca Basin, the world's largest and richest uranium basin, which accounts for approximately 25% of the world's annual mine production of uranium. The remaining 90% interest is owned by Titan Uranium Inc. (TSX:TUE). These properties do not have any historic or NI 43-101 compliant resource estimates at this time. Under the terms of the agreement, Terra is not required to make any payments or exploration expenditures until the projects reach feasibility.

Titan's main project, the 73,093 acre Castle Property, surrounds Areva Resources and UEX Corporation's (TSX:UEX) Shea Creek prospect in the north, east and south. The Shea Creek property has been explored since 1990. It is made up of a number of high-grade mineralized zones, including Colette (16.2 metres of 2.57% U3O8), Kianna (27.4% U3O8 over 8.8 metres, including 58.32% U3O8 over 3.5 metres), and Anne (7.3 metres of 4.97% U3O8). 

The Castle Project is also located 25 km south of the past producing Cluff Lake Mine, owned by Areva Resources. This mine produced 62 million pounds of U3O8 at 1.3% U3O8 from 1980 to 2002.

The mineralization on the adjacent Shea Creek Property is contained in north-south trending structures that are believed to extend onto Titan/Terra's Castle Property.

Titan commenced drilling on the Castle North and Castle South properties to follow up on their fall 2006 drilling program, which indicated the presence of radioactive basement rock.

(3) 8% Production Carried Interest in Hathor Exploration Ltd.'s Midwest Northeast Uranium Property, Athabasca Basin, Saskatchewan, Canada

In April 2007, Terra acquired an 8% production carried interest in 7 claims comprising 56,360 acres in 2 separate projects, Midwest Northeast and Russell Lake South, located in the eastern Athabasca Basin. These properties are 90% owned by Hathor Exploration Ltd. (TSX-V:HAT), who acts as the operator. These properties do not have any historic or NI 43-101 compliant resource estimates at this time. Terra is not required to contribute any exploration expenditures until a positive feasibility study is produced.

The Midwest Northeast property is located adjacent to the high-grade Mae zone at the similarly named Midwest Property owned by Areva Resources, Denison Mines Corp. and OURD Canada Co. Ltd. The Mae zone has been called one of the best uranium discoveries in Saskatchewan in the last few years.

In May 2007, Hathor reported that a completed ground resistivity survey indicated that the Midwest Uranium Trend continues onto the 502 hectare (1,240 acres) Midwest Northeast Property. The Survey suggests that the corridor of altered rocks that is associated with ore-mineralizing processes at Areva Resouces' nearby Midwest Deposit, the Josie Zone, and the Mae Zone, continues directly onto Hathor's Midwest Northeast Uranium Property.

Hathor has now completed in excess of 3,300 metres of diamond drilling in 12 of a planned 24 diamond drill holes in its Midwest Northeast property, and has encountered anomalous uranium mineralization during its winter 2007/2008 drill program.

(4) North Yellow Cat Properties, Utah, USA

In June 2007, Terra has been granted an option to acquire a 100% interest in 208 unpatented federal lode mining claims and one state lease, in 4 property blocks, totalling 4,720 acres in Grand County, located north of the Yellow Cat Mining District in eastern Utah.

The Yellow Cat Mining Camp is located in the Thompson Uranium/Vanadium Mining District, one of the United States' oldest and most prolific mining regions for uranium, radium and vanadium. There are no operating uranium/vanadium mines in Utah currently.

The North Yellow Cat properties host low to intermediate grade uranium mineralization in stacked sandstone units. Hunt Oil carried out an extensive drill program with 200 holes drilled in 1980 and 1981, which estimated 12.68 million tones of mineralized sandstone containing 5.8 million pounds of uranium and 34.7 million pounds of vanadium grading 0.022% uranium and 0.14% vanadium on one of the properties (none NI 43-101 compliant). The other properties contain drill intersections of uranium mineralization, which will required follow-up drilling.

MANAGEMENT

Terra Ventures Inc. has a well management team with experience in different areas.

Officers and Directors

Greig Hutton, P.Eng., President & Director
Mr. Hutton brings over 20 years of senior sales and marketing management experience. In addition, he has more than 28 years of experience as a professional engineer, where he spent much of his early career working in mines in Timmins, Ontario, Thompson, Manitoba and later at Syncrude in Ft. McMurray, Alberta. For the past year, Mr. Hutton has been the President and CEO of Continuum Resources, (gold and silver properties in Mexico). Throughout his career, he has managed companies with revenues of up to $25 million per year and has travelled extensively, including visits to most of the mines in western Canada.

Robert G. McMorran, B.Sc., CA, Chief Financial Officer
Mr. McMorran obtained his Chartered Accountant designation in 1981 while articling with Coopers & Lybrand's Vancouver office. In 1982 he left C&L and joined Denison Mines' Coal Division accounting department where he spent five years primarily working on the Quintette Coal Project located in northeast B.C. In 1987 Mr. McMorran joined Cheni Gold Mines, a TSE listed junior precious metal company as the corporate controller, where he spent ten years, eventually being promoted to President and CEO.

In 1997 he started Malaspina Consultants, an accountant and administrative management services business serving junior public companies. Mr. McMorran has held numerous board positions and senior officer appointments since starting Malaspina.

Gunther Roehlig, Director
Mr. Roehlig has more than 12 years experience in the financial and investment industry, with a strong background in managing and financing junior companies. He plays an integral role in all of the Terra Ventures' business development and financings. Mr. Roehlig is currently serving on the board of directors for a number of junior resource companies.

Advisory Board

James Hutton, B.Sc., MBA
Mr. Hutton has spent his career in the financial services industry and for the past 20 years has specialized in structured finance and resource company finance. He was most recently the founder, President and Chief Executive Officer of the Canada Dominion Resource Group of Companies, one of the largest and most successful flow through share funds in Canada, before being acquired from Mr. Hutton by the Dundee/Dynamic Mutual Fund organization. Mr. Hutton also served as the President of the CMP Group from 2003 to 2005, and as the President and Chief Executive Officer of Hutton Capital Corporation, Hutton Capital Management and Hutton Development Corp., companies engaged in investment banking, structured finance and real estate development. From 1990 to 1996, Mr. Hutton was a senior officer with Nova Bancorp Capital Management. He received a Bachelor of Science degree from the University of British Columbia and a Master of Business Administration degree from City University.

Mike Magrum
Mr. Magrum is a geological engineer, who has been working in uranium exploration since 1974. He is a graduate of the Haileybury School of Mines and the University of Alaska. His experience has covered most of the uranium bearing Proterozoic basins in Canada. Mr. Magrum was part of the technical team, which assembled JNR Resources' very successful Athabasca Basin uranium land holdings. He was also a director of Seabridge Gold, which acquired a major gold property portfolio containing multi million ounce gold resources.

NEWS UPDATE

On February 26, 2008, Terra Ventures Inc. provided an update on the Midwest Northeast uranium project in the Athabasca Basin. In a news release dated February 26, 2008, Hathor Exploration Limited has reported that Hathor has encountered anomalous uranium mineralization during its winter 2007/2008 Midwest Northeast project drill program. The mineralization occurs in hole MWNE-08-12, the 12th hole of a planned 24-hole program.

The unconformity occurs at 226 m (uncorrected depth), with a one-metre-thick interval of virtually pure clay lying immediately beneath the unconformity. Hathor has now completed in excess of 3,300 metres of diamond drilling in 12 of a planned 24 diamond drill holes in its Midwest Northeast property.

On February 4, 2008, Terra Ventures Inc. announced that drilling commences on the Midwest Northeast uranium property in the Athabasca Basin. Hathor Exploration Limited has mobilized two drill rigs to its Midwest Northeast uranium property. Hathor plans to drill 24 holes totalling 8,000 metres based on the results of a three-dimensional seismic program.

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