Terra Energy & Resource Technologies Signs a Working Agreement With an Australian Market Partner

NEW YORK, NY, Nov 02 (MARKET WIRE) --
Terra Energy & Resource Technologies, Inc. (OTCBB: TEGR), a natural
resource exploration services technology company, announces that the
Company signed a Working Agreement with Terralinna Pty. Ltd., an
Australian limited company.

Exploration and development of Australia's and Zambia's natural resources
is the target of the agreement, which sets a framework for the parties'
business relationship: service fee schedule, Terra's royalty right,
exclusivity rights and performance conditions for the use of the Terra
technologies as well as Terra's co-investment rights among other customary
contractual matters.

"Terra will utilize a market partner strategy in certain areas around the
globe in order to leverage the skills, contacts and know-how of
individuals and companies in their local markets, providing these
partners with access to the Terra technologies and economic sharing
therein, and providing Terra with an extended reach for exceptional
exploration projects around the world," said Dmitry Vilbaum, the
Company's Chief Executive Officer.

"We believe Terralinna represents a powerful market partner in Australia
and Africa," said Dr. Alexandre Agaian, President of Terra Energy &
Resource Technologies, Inc. "Consistent with our business model, the
agreement allows our Company to treat the advantageous features of the
Terra technology suite as investment banking capital and to receive back
end interests, such as overriding royalties or carried interests, in
addition to healthy cash fees, for the Terra exploration services."

"Terra has had initial discussions with Terralinna for Terra's involvement
in a three million acre oil and gas exploration project," said Dmitry
Vilbaum. "Terra recently completed a study of a similar sized license
territory in Kazakhstan, and we are confident and excited about the
opportunity being discussed with Terralinna."

About Terra Energy & Resource Technologies, Inc.

Terra Energy & Resource Technologies, Inc., through its subsidiary Terra
Insight Services, Inc., provides mapping and analysis services for
exploration, drilling, and mining companies related to natural resources
found beneath the surface of the Earth. The Company uses a suite of
innovative and efficient technologies, which facilitate the prediction and
location of commercially viable deposits of hydrocarbons, gold, diamonds,
and other natural resources, and assesses them for any given geographic
area -- on or offshore. For more information, visit
http://www.terrainsight.com.

Safe Harbor for Forward-looking Statements

This press release may contain forward-looking information within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934, and is subject to the safe harbor
created by those sections. There are many factors that could cause the
Company's expectations and beliefs about its operations, its plans to
acquire interests in exploration properties or technologies, plans to
drill or drilling results to fail to materialize, including, but not
limited to,: competition for new acquisitions; availability of capital;
unfavorable geologic conditions; prevailing prices for oil, natural gas
and other natural resources; and general regional economic conditions.

For More Information, Please Contact:
Terra Energy & Resource Technologies, Inc.
212-286-9197
info@terrainsight.com

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