Terra Ventures [TSX-V:TAS, OTCQX:TASFF, FSE:G7K] - Terra / Hathor Receives Mineral Lease for Roughrider Vancouver, April 5, 2011 - Terra Ventures Inc. (TSX-V: TAS) is pleased to provide an update on the Midwest Northeast Uranium property in which Terra owns a 10% production carried interest. In a press release dated April 5, 2011, Hathor reported: Hathor Exploration Limited (TSX:HAT) is pleased to announce that it has received three Mineral Leases from the Saskatchewan government covering its Roughrider uranium deposit located in the Athabasca Basin. This is a major milestone for not only the project, but also the 35 year mining district. The Roughrider uranium deposit was discovered in 2008 on the Midwest Northeast Property, which was comprised of three mineral claims covering 543 ha. The largest claim, S-107243, was staked in 2004 and covers 502 hectares. Exploration and mining in Saskatchewan is governed by the Mineral Disposition Regulations, 1986, administered by the Mines Branch of the Saskatchewan Ministry of Energy and Resources. There are two key land tenure milestones that must be met in order for commercial production to occur in Saskatchewan: 1. Conversion of a Mineral Claim to Mineral Lease, and; 2. Granting of a Mining Lease to cover the specific area within a Mineral Lease where mining is to occur. Hathor has successfully achieved the first milestone for Roughrider and the Midwest Northeast Property: conversion to a mineral lease. This is also a significant milestone for the Athabasca Basin, the preeminent high grade uranium district in the world, with more than 35 years of mining history from 5 operations. Government of Saskatchewan records show that the last mineral lease issued for a uranium project in the Athabasca Basin was in 1985. Fortbridge.NET is a specialist web-based service for clients ("Issuer") of Fortbridge Consulting Pty Ltd. DISCLAIMER: The message and attachment issued with this email may contain "forward-looking statements", which are projections that reflect the Issuer`s reasonable beliefs based on information currently available. Fortbridge is a Public Relations consultancy. PRIVACY: You have been regarded as a relevant contact through research. Please consider the environment before printing this document.
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