TERRA PARTNER HATHOR DRILLS 23 METRES OF 11% U₃O₈ AT MIDWEST NORTHEAST PROPERTY

VANCOUVER, November 4, 2008 � 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 November 4, 2008, Hathor reported:  "Hathor Exploration Limited (TSX-V: HAT) is pleased to announce the final set of U₃O₈ assay results from its summer drill program on the Roughrider Zone at the Midwest NorthEast property, northern Saskatchewan.

Highlights from U₃O₈ assayed core-length intervals* (using a 0.05% U₃O₈ cut-off grade) include:

Drill hole MWNE-08-40: 

• 23 metres grading 11.23% U₃O₈, from 295 m to 318 m core length, including:
  • 12.5 metres grading 18.05% U₃O₈ from 295.0 m to 307.5 m core length; or
  • 7.0 metres grading 28.14% U₃O₈ from 296.5 to 303.5 m core length; or 
  • 2.0 metres grading 50.51% U₃O₈ from 296.5 to 298.5 m core length
    
• 10 metres grading 0.32% U₃O₈, from 326.5 m to 336.5 m core length; and
• 2 metres grading 0.33% U₃O₈, from 343 m to 345 m core length

Drill hole MWNE-08-37: 

• 18 metres grading 4.15% U₃O₈, comprised of:
  • 5.0 metres grading 0.14% U₃O₈ from 296 to 301 m core length;
  • 4.0 metres grading 0.007% U₃O₈ from 301 to 305 m core length; and
  • 9.0 metres grading 8.22% U₃O₈ from 305 to 314 m core length

Drill hole MWNE-08-42: 

• 3.5 metres grading 5.92% U₃O₈  from 276.5 to 279.5 m core length

The five highest individual core-interval* U₃O₈ assay results are:

Drill holes MWNE-08-38, MWNE-08-39 and MWNE-08-41 encountered narrow zones of low-grade (<1% U₃O₈) uranium mineralization. Drill hole MWNE-08-36, a geological hole drilled outside the target area, contained no uranium mineralization.  For a complete list of assay results for drill holes MWNE-08-37 through MWNE-08-42 and a drill hole location map, please visit Hathor�s website at: www.hathor.ca.

Vertical depth to the unconformity is approximately 210 to 215 metres. High-grade uranium mineralization encountered in these drill holes occurs primarily in basement rocks that are a heterogeneous mix of variably clay-altered to clay-replaced pelitic gneiss, graphitic pelitic gneiss, granitic pegmatite and microgranite.

All samples were analyzed for U₃O₈ at the geoanalytical laboratories of the Saskatchewan Research Council (SRC) in Saskatoon, Saskatchewan. The facilities used for the analysis operate in accordance with ISO/IEC 17025:2005 (CAN-P-4E). The samples were analyzed using SRC�s ISO/IEC 17025:2005-accredited U₃O₈ method. Laboratory method quality control included the insertion of certified reference materials applicable for the ranges of mineralization encountered. Repeat analyses were performed on every 20th sample. A number of �blind� � duplicates were inserted. All repeat samples had good reproducibility. All samples are being analyzed for a suite of other elements including nickel, cobalt, copper and lead.

The Roughrider Zone was discovered in February of 2008 and initial U₃O₈ assay results for discovery hole MWNE-08-12 were released in Hathor�s news release dated March 3, 2008. During the winter drill program, Hathor completed 10,654 metres in 29 NQ-sized, vertical and angled Diamond drill holes on its 90-per-cent-owned Midwest NE property. During the summer drill program another 13 Diamond drillholes were completed totaling 5,322 metres.

Terra Ventures Inc. owns a 10-per-cent production 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.

On behalf of the bo ard of directors of

TERRA VENTURES INC.

Gunther Roehlig
President

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OF THIS NEWS RELEASE.

Renmark Financial Communications Inc.
Barry Mire : bmire@renmarkfinancial.com
Jeffery Szita: jszita@renmarkfinancial.com