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23.05.2008
Terra Ventures: Hathor drills 15.0 Metres grading 10.02% U3O8


Terra Ventures: Hathor drills 15.0 Metres grading 10.02% U3O8

Terra Ventures Inc. (TSX-V: TAS) provides an update on the Midwest NorthEast Uranium property in which Terra owns a 10% production carried interest.

In a press release dated May 21, 2008 Hathor reports: “Hathor Exploration Limited (TSX-V: HAT) is pleased to announce further U3O8 assay results for uranium mineralization encountered in diamond drill holes completed on the Roughrider Zone at the Midwest NorthEast property, northern Saskatchewan.

Highlights from these newly-reported, high-grade U3O8 assayed core intervals* (using a 0.05% U3O8 cutoff grade) listed in Tables 1 and 2 include:

• 15 m grading 10.02% U3O8, including 2 m at 43.85% U3O8, in drill hole MWNE-08-20

• 9 m grading 10.06% U3O8, including 3 m at 22.72% U3O8, and
5 m grading 3.58% U3O8, including 1.5 m at 10.85% U3O8, in drill hole MWNE-08-21

• 9.5 m grading 2.60% U3O8, including 2 m at 10.39% U3O8, in drill hole MWNE-08-28

*All intersections are downhole thickness, true thickness is yet to be determined

This winter, Hathor completed 10,654 metres of diamond drilling in 29 NQ-sized, vertical and angled diamond drill holes on its 90%- owned Midwest NE property. Terra Ventures Inc. (TSX-V: TAS) owns a 10-per-cent production carried interest in the Midwest NorthEast property.

The Roughrider Zone was discovered in February, 2008 and results for discovery hole MWNE-08-12 were released in Hathor’s news releases dated March 3 and April 25, 2008. For drill hole location map, please visit Hathor’s website at: www.hathor.ca.

High-grade uranium mineralization encountered in these drill holes occurs in basement rocks that are a heterogeneous mix of variably clay-altered to clay-replaced pelitic gneiss, graphitic pelitic gneiss, granitic pegmatite and microgranite. Vertical depth to the unconformity is approximately 200 metres. It is important to note that that the newest exploration model for Roughrider Zone uranium mineralization indicates that the primary drill target, being where the principal cross-cutting uranium-bearing structures intersect the unconformity, has NOT YET BEEN TESTED. This new target, sits to the northeast of the Roughrider Zone discovery hole and has been defined by detailed resistivity and gravity surveys completed after this year’s drill program.

A summer drill program comprised of 15 holes is expected to begin in mid-June and will further test the Roughrider Zone and other drill targets on the Midwest NE property.

Please find the drill results under the following link: http://www.irw-press.com/dokumente/TerraVenturesTable1_ENGL.pdf

Drill holes MWNE-08-13, MWNE-08-15, and MWNE-08-29 were drilled away from the Roughrider Zone and did not intersect uranium mineralization. Drill holes MWNE-08-14, MWNE-08-25, and MWNE-08-27 did not intersect uranium mineralization and are interpreted to either have under-cut or over-cut the mineralized zone.

All samples were analyzed for U3O8 at the Geoanalytical Laboratories of the Saskatchewan Research Council (SRC). The facilities used for the analysis operate in accordance with ISO/IEC 17025:2005 (CAN-P-4E). The samples were analyzed using ISO/IEC 17025:2005-accredited U3O8 method. Laboratory method quality control included the insertion of certified reference materials applicable for the ranges of mineralization encountered. Repeat analyses were performed on every 25th sample. All repeat samples had good reproducibility. All samples are being analyzed for a suite of other elements including nickel, cobalt, copper and lead.

Benjamin Ainsworth, P.Eng., a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.”

Hathor's Midwest NorthEast project is located in Saskatchewan's Athabasca basin, immediately adjacent to the Midwest property of AREVA Resources Canada Inc., Denison Mines Corp. and OURD Canada Co. Ltd. There, subject to regulatory approvals, mine site construction is slated to begin in mid-2009 and open-pit mining of a shallow (depth of about 200 metres) ore body is planned for early 2010. Points North Landing, a regional service centre to the region, is located about eight kilometres from Hathor's Midwest Northeast property and the modern, AREVA-operated McClean Lake uranium mill facilities, are located approximately 10 kilometres to the east.

For further particulars about the Terra Ventures, 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.

“Gunther Roehlig”

Gunther Roehlig, Director

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

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