Terra Announces Deep Drilling at Lac Kachiwiss Uranium Property

Vancouver, BC � September 19, 2008 -- Terra Ventures Inc. (TSX-V: TAS) is pleased to announce deeper drilling will take place at its ongoing exploration program at the Lac Kachiwiss uranium property near Sept-Iles, Que. The property covers a large zone of low-grade uranium mineralization. A historical resource (non-43-101 compliant), calculated in 1978 by Getty Mines, estimated that the deposit contained approximately 5.67 million pounds of U3O8 with a grade of 0.31 pound (155 ppm) U3O8 per short ton in drill indicated and geologically inferred categories (see qualifying statement below). The mineralized zone has only been partially drilled off and remains open in all directions.  The current drill program will test the zone and extensions to a depth of 300 metres.

A large zone of low-grade uranium mineralization was discovered on the property in 1968 by Satellite Metal Mines Ltd. as the result of an airborne scintillometer survey . This zone was tested by Getty Mines Ltd. between 1975 and 1978, with 28 Diamond drill holes, and has been idle since that time.

The Lac Kachiwiss uranium zone consists of a body of complex, heterogeneous pegmatitic material with a strike length of 4,000 metres and a maximum exposed width of 800 metres. On the basis of the Getty Mines drilling, which tested about one-third of the exposed area of pegmatite, approximately 35 per cent of the body carries uranium values in excess of 0.1 pound of U3O8 per ton, and about 20 per cent carries values of 0.2 pound per ton or better. A non-43-101-compliant resource estimate of 18.3 million short tons grading 0.31 pound of U3O8 per short ton, in drill indicated and geologically inferred categories was prepared internally by Getty Mines in 1978 (see qualifying statement below). This resource estimate was restricted to the drilled area only, but included the statement that "potential for additional resources to the east and west of the main body, and at depth, is encouraging." The average depth of Getty's holes was 82 metres, and the deepest hole was 180 metres. The pegmatite body is open at depth, and remains untested by drilling outside the 700-by-700-metre area of the Getty drilling. Getty's reports consistently refer to the Lac Kachiwiss uranium-bearing zone as a "Rossing-type deposit."  The Rossing mine in Namibia contributes 7 per cent of the global uranium production.

The Lac Kachiwiss property is located 20 kilometres from the port of Sept-Iles, which is the southern terminus of the rail line from Labrador City and Schefferville. An all-weather road, a hydro-electric transmission line and the Labrador railway all pass within five kilometres of the property. The topography is rugged, and a large part of the mineralized zone forms a hill, the summit of which is 200 metres above the adjacent valleys.

Qualifying Statement on Historical Resource Estimate:

The historical resource estimate cited in this press release was prepared by Getty Mines Ltd. in 1978, and is found in a report submitted for Statutory Work requirements with the Quebec Ministry of Natural Resources in 1979.  The resource estimate was stated to be a total of �drill indicated plus geologically inferred� categories of resource.  Details of the calculations are not included in the report; therefore it is not possible to compare the categories of resource with those required by NI43-101.  The company believes that the estimate is relevant to an appraisal of the merits of the property because the estimate was based on all drill data available at the time, and because there is no evidence of any subsequent work on the property.  The company believes that the estimate may, to a limited extent, be reliable because it appears to have been prepared internally for a major company (Getty Mines Ltd. was a subsidiary of Getty Oil Co.), apparently seeking to make an objective appraisal of the economic potential of the deposit; it does not appear to have been used for promotional or publicity purposes at the time.  No more recent data or resource estimates are available in the public domain.  No work has been done by a Qualified Person to classify the historical resource estimate as a current resource or reserve.  The company is not treating the historical resource as a current mineral resource or reserve.  The historical resource estimate should not be relied on.

Mike Magrum, PEng, a qualified person under National Instrument 43-101, has approved the technical content of this news release.

Extension of Warrants

Terra Ventures also wishes to announce that, subject to the approval of the TSX Venture Exchange, the Company is extending the expiry date of the warrants to purchase up to 4,750,000 shares at $1.40 each, which currently expire on October 3, 2008, for an additional six months to April 3, 2009.

Terra Ventures is a junior exploration company focused on acquiring and developing quality uranium projects which have world class potential. The Company is dedicated to building shareholder value by acquiring strategic uranium properties in this period of strengthening global demand for uranium supply. The Company's combination of strategic land positions, advanced stage projects and no risk carried interest projects - combined with technical expertise and management's fundraising ability � are the foundation for growth in the uranium business.

For further particulars about Terra Ventures, please contact Gunther Roehlig, President, at 1-866-683-0911 or visit the Company�s website at www.terrauranium.com.

Renmark Financial Communications Inc.
Barry Mire : bmire@renmarkfinancial.com
Julien Ouimet : jouimet@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com

On behalf of the board of directors of
TERRA VENTURES INC.

�Gunther Roehlig�

_______________________________      
Gunther Roehlig, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as �may�, �should�, �expects�, �plans�, �anticipates�, �believes�, �estimates�, �predicts�, �potential� or �continue� or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry�s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.