TRA Teras Resources Inc

Peter Leger, President and Chief Executive Officer of Teras Resources Inc.
("Teras" or the "Company") (TSX VENTURE:TRA) would like to provide its
shareholders with a Corporate update.


In early June 2008, Teras engaged Gradient Geophysics Inc., of Missoula Montana
to do a Ground Magnetic survey on its Tuco property located in Mineral County
Nevada. The purpose of the survey is to identify potential anomalies as well as
compare results from historical data on the property. The work program
expenditure keeps Teras in good standing on both its Tuco and Tombstone
properties. The survey is expected to be completed by the end of June or the
early part of July and Teras will provide the results of the survey to its
shareholders in the near term.


Teras plans to initiate a Ground magnetic survey on its Spanish Canyon property
located in Nye County Nevada within the next two weeks. The purpose of the
survey is to identify potential anomalies as well as possibly selecting drill
targets for a fall program.


Teras has renewed its drilling permit for its Watseca property which is located
in Madison County Montana. Teras had identified 4 drill hole locations in the
summer of 2007; however, could not find a drill rig to drill the holes as to the
specifications the Company required. The mining sector was extremely busy in
2007 and drill rigs were extremely hard to find for smaller drilling jobs. Teras
has plans to continue exploring the Watseca project and will be required to
raise addition capital to initiate its drill program on the Watseca.


In the fall of 2007, Teras was expecting to receive a drilling permit on its
Golden Jubilee project located in Granite County Montana. The property has a
history of the decline into the mine filling with water each spring season. In
the past, the water was pumped out of the entry and the underground workings
allowing access to the mine. Teras has been working with regulatory departments
within Montana to identify a solution to discharging the water which would allow
Teras to continue exploring its Golden Jubilee property.


Teras has accepted the resignation of its CFO, Trent Fedak. Teras would like to
thank Mr. Fedak for his efforts and wish him all the best in his endeavours.
Teras is currently seeking a new Chief Financial Officer.


About Teras

Teras' vision is to acquire and advance properties with established technical
merit. The Company's exploration work will be focused on detailed diamond
drilling programs and proving resources with an NI 43-101 compliant resource
report.


Stock Symbol TRA on the TSX-Venture Exchange

This press release may contain "forward-looking information" within the meaning
of applicable Canadian securities legislation. All statements, other than
statements of historical fact, included herein may be forward-looking
information. Generally, forward-looking information may be identified by the use
of forward-looking terminology such as "plans", "expects" or "does not expect",
"proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or variations
of such words and phrases, or by the use of words or phrases which state that
certain actions, events or results may, could, would, or might occur or be
achieved. This forward-looking information reflects the Company's current
beliefs and is based on information currently available to the Company and on
assumptions the Company believes are reasonable. These assumptions include, but
are not limited to, the actual results of exploration projects being equivalent
to or better than estimated results in technical reports or prior exploration
results, and future costs and expenses being based on historical costs and
expenses, adjusted for inflation. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of the Company to
be materially different from those expressed or implied by such forward-looking
information. Such risks and other factors may include, but are not limited to:
the early stage development of the Company and its projects; general business,
economic, competitive, political and social uncertainties; commodity prices; the
actual results of current exploration and development or operational activities;
competition; changes in project parameters as plans continue to be refined;
accidents and other risks inherent in the mining industry; lack of insurance;
delay or failure to receive board or regulatory approvals; changes in
legislation, including environmental legislation, affecting the Company; timing
and availability of external financing on acceptable terms; conclusions of
economic evaluations; and lack of qualified, skilled labour or loss of key
individuals. Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. Accordingly, readers should not
place undue reliance on forward-looking information. The Company does not
undertake to update any forward-looking information, except in accordance with
applicable securities laws.

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