(TRX-TSXV)

Terrane has two large, advanced stage

metal deposits in British Columbia, both

of which have significant news flow

expected in the coming weeks.

At the Berg project, Terrane announced

results from the final 14 drill holes from a

www.ResourceOpportunities.February 18, 2008 5 com

Resource Opportuniitiies

29 hole, 11,000 meter drill program.

Results continue to show long intervals

of copper, molybdenum and silver

mineralization. Looked at independently,

the grades may appear low, but the three

metals together provide substantial value.

The recent results include 357 meters of

0.98% copper equivalent.

Terrane will soon complete an updated

resource estimate for Berg, followed by

metallurgical test-work, which will lead

to a preliminary economic assessment by

the second quarter of 2008.

At the Mt. Milligan gold-copper deposit,

a full feasibility study is expected shortly,

which should see the project advancing

into development. The Mt. Milligan

project is located in an area favorable for

mine development. It is road accessible

and close to infrastructure.

Terrane’s share price has slumped due to

market conditions and also to the deferral

of the huge Galore Creek project in B.C.

Terrane’s projects are not subject to the

same conditions that impacted Galore,

primarily the remote location of that

project and the rugged topography.

Mt. Milligan has a resource of 1.9 billion

pounds of copper and 5.5 million ounces

of gold. Within weeks, the resource

estimate at Berg will add to those figures.

The feasibility study expected shortly at

Mt. Milligan should go a long ways

towards giving confidence to investors

that Terrane merits a much higher

valuation.