Hathor & Terra's Claim Status is Secure
VANCOUVER, BRITISH COLUMBIA - April 3, 2008 - Terra Ventures Inc. (TSX VENTURE: TAS) reports that, regarding the Midwest NorthEast Uranium property of Hathor Exploration (TSX VENTURE: HAT), in which Terra owns a 10% production carried interest, in a press release today Hathor reports:
"Hathor Exploration Limited ("Hathor") (TSX VENTURE: HAT) refers to the news release dated April 3, 2008 of Fission Energy Corp. ("Fission") relating to Hathor's Midwest NorthEast Property in the Athabasca Basin of Saskatchewan.
Hathor's President and CEO Stephen Stanley and the Hathor Management Team categorically rejects all of Fission's allegations, and regards Fission's statements as an ill-advised, feeble and opportunistic attempt to capitalize on Hathor's successful discovery of the Roughrider Zone uranium mineralization.
Immediately following the receipt of positive results from its drilling program several weeks ago, Hathor conducted a detailed field examination of the claim locations. As a result of that examination, Hathor staked additional ground in the area. Hathor's claims have been surveyed by a Saskatchewan-registered land surveyor, whereas to Hathor's knowledge, Fission's claims have only been subject to a cursory field examination by Fission representatives. Hathor's current drilling is situated on ground that has been held by Hathor since 2004.
The attached map shows the location of the Roughrider Zone in relation to the claim boundaries, and confirms Fission's own statements on April 1, 2008 that, "All these uranium occurrences lie within 10's of meters to 100's of meters of Fission's Waterbury Lake Property."
Hathor will hold Fission, its directors and management responsible for all damage caused to Hathor and its shareholders as a result of Fission's irresponsible allegations."
For more information on Hathor, please visit the company's website: www.hathor.ca or contact Stephen Stanley at 604-684-6707 or Tony Nunziata, Investor Relations, at 403-560-7040.
To view the map accompanying this release please click on the following link: http://media3.marketwire.com/docs/0403hat.JPG.
On behalf of the board of directors of
TERRA VENTURES INC.
Gunther Roehlig, Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION:
Terra Ventures Inc.
Gunther Roehlig
Director
1-866-683-0911
Website: www.terrauranium.com
RENMARK FINANCIAL COMMUNICATIONS INC.
CHRISTOPHER WELLS : CWELLS@RENMARKFINANCIAL.COM
JULIEN OUIMET : JOUIMET@RENMARKFINANCIAL.COM
TEL. : (514) 939-3989
FAX : (514) 939-3717
WWW.RENMARKFINANCIAL.COM
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Terra Ventures Inc.
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EXPLORATION STAGE |
CODE : TAS.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Terra Ventures Inc. is a uranium development stage company based in Canada. Terra Ventures Inc. holds various exploration projects in Canada. Its main exploration properties are TITAN'S CASTLE, HATHOR RUSSEL LAKE SOUTH, LAC KACHIWISS, MIDWEST NORHTEAST, REN GOLD and WHEELER RIVER C4 C5 C6 in Canada. Terra Ventures Inc. is listed in Canada and in United States of America. Its market capitalisation is CA$ 35.3 millions as of today (US$ 35.9 millions, € 25.4 millions). Its stock quote reached its lowest recent point on December 29, 2005 at CA$ 0.12, and its highest recent level on December 31, 2007 at CA$ 1.87. Terra Ventures Inc. has 61 943 000 shares outstanding. |