The board of directors of Terranueva Corporation announced a new organizational structure. Mr. Peter Polatos is appointed as interim President and Chief Executive Officer for the entire organization and also becomes a director of the Company. Mr. Polatos is President of IPC (Investments Polatos Corp). He is also a founding member of the BTB Real Estate Investment Trust (BTB-Un.TO) and a member of the organization's Investment Committee where he previously served as Vice President, Acquisitions and Assistant Secretary until March 31, 2009. As a result of these organizational changes and the evolution of its strategic plan, Terranueva announces the immediate departure of Pierre Ayotte, Rafal Percopo and Louis Doyle, respectively former President and Chief Executive Officer, Chief Quality Assurance Officer and Chief Compliance Officer. Mr. Percopo and Mr. Doyle remain directors on the Company's Board of Directors.