Communicators

Terra closes Acquisition of an additional 2% carried working interest in Hathor Exploration's Midwest Northeast project

Terra Ventures Inc. (TSX-V: TAS) is pleased to announce that it has closed its agreement with Bullion Fund Inc. (“Bullion”), to purchase Bullion’s remaining 2% carried working interest in the Midwest NorthEast Project of Hathor Exploration Ltd. (TSX-V: HAT). This purchase has increased Terra’s holding to a 10% carried working interest in the Midwest NorthEast Project, which is completely carried in all respects through to the completion of a feasibility study and the public announcement that the claims will be put into commercial production. The consideration paid by Terra to Bullion to acquire this interest was $2,500,000 and 3,000,000 shares of Terra. The shares are subject to resale restrictions, which expire on July 21, 2008.

The Midwest NorthEast Project, located in the Athabasca Basin, is where Hathor recently announced a drill intersection of 11.9 metres grading 5.29 per cent U3O8. In addition, individual assays include 20 centimetres grading 40.2 per cent U3O8.

For further particulars about the Company please contact Gunther Roehlig, Director, 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.

“Greig Hutton”

___________________________
Greig Hutton
President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.