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Terra Nostra Introduces High-Value 310S Grade Stainless Steel to Product Line-Up

Posted on: Wednesday, 6 February 2008, 09:00 CST

Terra Nostra Resources Corporation (OTCBB: TNRO), a majority owner of two joint venture companies in the copper and stainless steel industries in China, today announced that its stainless steel joint venture, Shandong Quanxin Stainless Steel Co. Ltd., is now manufacturing continuous cast 310S-grade stainless steel, with the first production order shipped in January. This grade of stainless steel is widely used in the chemical, power generation, military and petroleum industries.

"Introducing 310S-grade stainless steel marks a further step in Terra Nostra's strategy to produce more high-value products, thereby expanding the range of product grades we offer customers and increasing the mix of high-margin, less price-sensitive products. Given our continuous casting capability, this development also elevates our competitive standing among stainless steel producers in China," said Mr. Sun Liu James Po, Terra Nostra's chief executive officer. "We now have a distinctive edge over many other domestic producers to meet the rapidly growing end user demand for high quality grades of stainless steel that is generally being met by imports. In addition, our investment in advanced production technologies places Terra Nostra at the forefront of cost-efficient production that meets the latest environmental standards and gives us the platform to continue expanding our production to include round rod and welded pipe lines."

310S (or 2520 in domestic market) belongs to the austenitic family of stainless steel materials, which is known for its combination heat resistant qualities, anti-corrosiveness, good ductility and weldability. It is mainly used for heat treatment projects and is applicable for special parts and components in a large variety of furnaces and burners. It has a maximum service temperature of 1200o F, and resists oxidation in continuous service at temperatures up to 1150o F.

Terra Nostra is also pleased to announce it has engaged Lippert/Heilshorn & Associates, a leading independent financial consulting firm specializing in representing small cap growth companies, to implement a comprehensive investor relations program including messaging, marketing to investors and analysts, strategic counsel and infrastructure support. Founded in 1985, Lippert/Heilshorn represents over 90 companies spanning diversified industrials, alternative energy, business services, telecommunications, semiconductor, consumer goods, healthcare and biotechnology sectors.

About Terra Nostra Resources Corporation

Terra Nostra is a leading copper and stainless steel producer in China through its 51% majority interests in two joint venture companies in China. Shandong Terra Nostra Jinpeng Metallurgical Co., Ltd. has an existing and under construction total production capacity of 170,000 MT of electrolytic copper and 20,000 MT of low-oxygen copper, together with value-added copper rod and wire capabilities. Shandong Quanxin Stainless Steel Co., Ltd. operates a modern stainless steel production facility with a 230,000 MT capacity casting mill, and a 150,000 MT rolling mill. The two joint venture companies, with total assets in excess of US$225 million and over 1,000 employees, are located in the highly industrialized coastal province of Shandong, midway between Beijing and Shanghai. Terra Nostra has entered into an agreement to increase its majority ownership in both joint ventures from 51% to 90%. More information on Terra Nostra can be found at http://www.tnr-corp.com.

Forward Looking Statements

Except for the historical information contained herein, the matters set forth in this press release, including statements with respect to expectations concerning (i) projects underway or under consideration, including production capacity and completion schedules; (ii) business and future potential of Terra Nostra Resources Corporation ("TNRO"); (iii) estimates or implications of future earnings, profits, EBITDA, and the sensitivity of earnings to metals prices; (iv) estimates of future metals production, sales and profitability; (v) estimates of future cash flows, and the sensitivity of cash flows to the other metals and ore costs as well as, but not limited to, fluctuations in fuel prices, scrap prices, and the availability of both, and statements related to these matters or which use words such as "may,""might,""should,""expect,""plan,""anticipate,""believe,""estimate,""predict,""potential" or "continue," and the negative of these terms and other comparable terminology are all forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Further risks, uncertainties and other factors, which affect the forward- looking statements included herein, and could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements include, but are not limited to, completion of TNRO's capital contributions to the joint venture companies, working capital financing, metals price volatility, competition for projects, reserve acquisition costs, currency fluctuations, international economic uncertainty, sovereign risk, force majeure, changes in tax law or concession law, project scheduling delays, labor disputes, increased production costs and variances in ore grade, scrap grade or recovery rates from those assumed in production plans, political and operational risks in the countries in which TNR may operate and governmental regulation and judicial outcomes, and other risks detailed from time to time in TNRO's filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-QSB for the year ended November 30, 2007. Copies of each filing may be obtained from TNRO or the SEC. Furthermore, metals operation, by their very nature, entail inherent cyclical, sectoral, and commodity risk and could expose an investor to the entire loss of all capital invested. TNRO does not undertake any obligation to publicly release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

Source: Business Wire

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