Hathor Commences Drilling at its Midwest Northeast Project

VANCOUVER, January 20, 2009 � 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 January 20, 2009, Hathor reported: "Hathor Exploration Limited (TSX-V: HAT) is pleased to announce that all four Diamond drill rigs mobilized to its 90% owned Midwest NorthEast uranium property are now drilling.

Sixty holes totaling about 22,000 metres are planned for the winter 2009 drill program with the objective of extending and further defining the Roughrider Zone uranium mineralization which Hathor discovered in February of 2008. Team Drilling LP of Saskatoon, Saskatchewan, is providing drill equipment and services.

Previous to this winter 2009 drill program, Hathor completed 45 drill holes totaling 16,856 metres on the Midwest NorthEast property. To date, highlights of Roughrider Zone U₃O₈ assayed core-length intervals* (using a cut-off grade of 0.05 per cent U3O8) include the following:

• 11.9 metres grading 5.29 per cent U₃O₈, including 0.2 metres at 40.20 per cent U₃O₈, in DDH 08-12; 
• 15.0 metres grading 10.02 per cent U₃O₈, including 2.0 metres at 43.85 per cent U₃O₈, in DDH 08-20; 
• 9.0 metres grading 10.06 per cent U₃O₈, including 3.0 metres at 22.72 per cent U₃O₈, in DDH 08-21; 
• 5.0 metres grading 3.58 per cent U₃O₈, including 1.5 metres at 10.85 per cent U₃O₈, in DDH 08-21; 
• 9.5 metres grading 2.60 per cent U₃O₈, including 2.0 metres at 10.39 per cent U₃O₈, in DDH 08-28; 
• 69.0 metres grading 2.33 per cent U₃O₈, including 9.0 metres at 10.54 per cent U₃O₈, in DDH 08-30; 
• 6.5 metres grading 20.41 per cent U₃O₈ in DDH 08-32; 
• 46.0 metres grading 3.25 per cent U₃O₈, including 7.0 metres at 11.99 per cent U₃O₈, in DDH 08-33; 
• 6.5 metres grading 8.93 per cent U₃O₈ in DDH 08-34; 
• 18.0 metres grading 4.15 per cent U₃O₈, including 9.0 metres at 8.22 per cent U₃O₈, in DDH 08-37; 
• 23.0 metres grading 11.23 per cent U₃O₈, including 7.0 metres at 28.14 per cent U₃O₈, in DDH 08-40.

* The reader is cautioned that all intersections reported are down-hole core-length intervals, and true thickness of mineralization is yet to be determined.

Hathor�s management believes that the Roughrider Zone remains open in all dimensions and that, in particular, the potential for classic, unconformity style uranium mineralization occurring at or above the sub-Athabasca unconformity (as suggested by detailed resistivity and gravity geophysical surveys) remains untested. Vertical depth to the unconformity is approximately 210 to 215 metres. The high-grade uranium mineralization encountered in these drill holes occurs in basement rocks that are a heterogeneous mix of variably clay-altered to clay-replaced pelitic gneiss, graphitic pelitic gneiss, granitic pegmatite and microgranite. 

For a complete list of assay results and a drill hole location map, please visit Hathor�s website at: www.hathor.ca.

Drill core samples will be submitted for U₃O₈ analyses at the geoanalytical laboratories of the Saskatchewan Research Council (SRC) in Saskatoon, Saskatchewan, that operate in accordance with ISO/IEC 17025:2005 (CAN-P-4E). The samples will be analyzed using ISO/IEC 17025:2005-accredited U₃O₈ method. Laboratory method quality controls include the insertion of certified reference materials applicable for the ranges of mineralization encountered and duplicate samples. In addition to the laboratory duplicates, reject repeat analyses will be performed. All samples will also be analyzed for a suite of other elements including nickel, cobalt, copper and lead. Assay results will be released by Hathor as they are received from the SRC.

Points North Landing, a regional service centre to the eastern Athabasca region, is located about eight kilometres from Hathor's Midwest NorthEast property, and the modern, AREVA-operated McClean Lake uranium mill facilities are located approximately 11 kilometres to the east.

Terra Ventures owns a 10% carried interest in the Midwest NorthEast property.

Benjamin Ainsworth, PEng, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.�

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 the 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
Jeffery Szita : jszita@renmarkfinancial.com
Montreal � Tel.: 514 939-3989 / Fax: 514 939-3717
Toronto � Tel.: 416 644-2020 / Fax: 416 644-2021
www.renmarkfinancial.com

On behalf of the board of directors of

TERRA VENTURES INC.

Gunther Roehlig

President

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

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