TRA Teras Resources Inc

Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE:TRA) further to a
press release dated July 30, 2009, Teras is pleased to announce that $250,000 of
convertible debentures have been converted into 2,500,000 Teras common shares. 


Teras is also pleased to announce that it has entered into agreements
("Performance Share Agreements") with Peter Leger (President and Chief Executive
Officer), Thomas Callicrate (Vice President Exploration) and Thomas Mancuso
(Vice President Project Management) for the granting of common shares of Teras
upon Teras achieving certain performance targets. In accordance with the
Performance Share Agreements, an aggregate of 1,500,000 common shares of Teras
will be granted to the above senior officers when Teras proceeds with the second
stage of the Cahuilla project and provides certain financing requirements to
Consolidated Goldfields Corporation pursuant to an Earn-In Agreement between
Teras and Consolidated dated February 11, 2010. 


The issuance of the Performance Share Agreements is subject to TSX Venture
Exchange approval. No new insiders were created, nor has any change of control
occurred, as a result of the issuance of the Performance Share Agreements. Teras
has determined that there are exemptions available from the various requirements
of TSX Venture Policy 5.9 and Multilateral Instrument 61-101 for the issuance of
the Performance Share Agreements (Formal Valuation - Issuer Not Listed on
Specified Markets; Minority Approval - Fair Market Value Not More Than 25% of
Market Capitalization). 


About Teras

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


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. 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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