NEW YORK, Nov. 23 /PRNewswire-FirstCall/ -- Terra Energy & Resource Technologies, Inc. (OTC Bulletin Board: TEGR), a natural resource exploration services technology company, announces that the Ministry of Natural Resources of Sierra Leone accepted the Company's proposal for a countrywide mapping for natural resources and requested an exploration contract draft, which the Company has now submitted to the government.

The Ministry sent the Company a letter, signed by the Minister, reading: "Members of our Ministry and I were very impressed with your technical presentation. Consequently, we have decided to engage your company to carry out the mineral inventory of our country within the shortest possible time. In this regard, please forward to us, a draft contract for us to present to cabinet."

The Minister of the Natural Resources of Sierra Leone Hon. Alhaji Alpha Kanu invited the Company's President Dr. Alexandre Agaian to Sierra Leone to make a presentation of Terra Energy & Resource Technologies' mineral resource exploration applications to the Ministry's official and scientific staff. Following the presentation, Minister Alpha Kanu approved the Company's proposal to survey the country for natural resources utilizing the proprietary Sub-Terrain Prospecting (STeP®) technology.

"It was an honor for us to present to Minister Alpha Kanu and the Ministry's team. I appreciated the warm reception and, at the same time, I was impressed with the Minister's visionary and progressive thinking as well as with his staff's professional conduct and the depth of their technical understanding. The Ministry's team asked excellent critical questions in their due diligence and came away from the series of presentations and meetings embracing of our innovative technologies," said Dr. Agaian. He went on to say, "Although Sierra Leone is mineral rich, it is still a significantly underexplored country. Natural resources play a vital role in emerging markets and we are encouraged to be able to assist the Ministry and the people of Sierra Leone in obtaining a significantly deeper level of knowledge of their country's resource potential which we hope will help to accelerate the country's economic growth."

"With cost and timeline being key factors for Sierra Leone's natural resource development plan, set by the Ministry, we believe Terra's technologies offer the best value for helping Sierra Leone realize the economic potential of this important sector," observed Dmitry Vilbaum, Terra Energy & Resource Technologies' Chief Executive Officer. "Our satellite-based, STeP® technology is capable of surveying extremely large areas very cost-effectively and efficiently. This makes it a great solution for a country-wide mapping project. Terra's technologies identify prospectivity for not just oil & gas but for all natural resources, making Terra a superior choice over many traditional industry methods and a logical solution for Sierra Leone," added Mr. Vilbaum.

The Atepa Group (www.atepa.com), a Senegal company, assisted Terra in submitting the initial offer for Terra's services to the Ministry and will work with the Company on collecting all historical geological, geophysical, geochemical and exploration/production data. It will also assist Terra on organizational and logistics issues in connection with the project.

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, visithttp://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

SOURCE Terra Energy & Resource Technologies, Inc.