TRA Teras Resources Inc

Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE:TRA) (OTCQX:TRARF)
Teras is pleased to provide a corporate update for the Cahuilla gold/silver
project in Imperial County, California. The comprehensive digital technical data
package for Cahuilla is now available for viewing, which includes detailed
geology, geophysics and geochemistry in addition to the NI43-101 compliant
resource database. The technical data package will also incorporate substantial
amounts of new, valuable information that is currently being generated to better
define deep high grade drill targets that will be tested when drilling resumes
in the second half of 2013. 


The Company has engaged Dr. William C. Bagby, California PG 7396, AIPG
CPG-11457, to lead a highly professional technical team to conduct a
comprehensive review of the recent and historical data that has been generated
for the Cahuilla project. In addition, Dr. Bagby has recommended various
detailed geologic studies that will assist Teras in improving the quality and
accuracy of the existing database, which will be used to more effectively locate
new drill targets. 


For example, Dr. Bagby and his team recommended that drill samples be re-assayed
for silver using a four acid digestion technique instead of the original two
acid digestion procedures used to analyse drill samples from Teras' recent drill
campaigns. As reported in the May 2, 2013 press release, the four acid digestion
results were 41% greater than the original two acid digestion assays, which may
eventually result in a substantial increase in the silver resources. The Company
is continuing to conduct additional silver analyses from other drill-hole
intervals using the four acid digestion procedure.


Dr. Bagby concludes in his report that only a very small percentage of the
potentially mineralized volume of this extensive gold and silver-rich geothermal
system has been drill tested. He also indicates that there is considerable
benefit to re-evaluating all Cahuilla geologic, geochemical, mineralogical, and
geophysical data. Basically, the objective is to reconstruct a picture of the
Cahuilla geothermal system when active, thereby allowing Teras geologists to
better predict where high-grade gold and silver values may occur. Such
compilation and re-evaluation of data is cost-effective and exceptionally
important, reducing the risks associated with targeting deeper high grade
gold/silver-bearing veins.


Peter Leger, President and CEO of Teras Resources remarked "We are happy to
report that the digital technical data package for Cahuilla is now available for
review by interested parties. The Company is also very pleased with the
excellent work performed by Dr. Bill Bagby and his team. His findings have
significantly improved our Cahuilla project by enhancing the technical database;
and as a result, we can more confidently plan future drill programs focused on
high grade precious metal targets. Having a well-respected and highly qualified
person as Dr. Bagby involved with our Cahuilla project and the very positive
feedback increases our confidence greatly in developing Cahuilla into a world
class project similar to the Mesquite Mine which is a short distance away in the
same county." 


Dale A Vitone P. Eng., registered with the Association of Professional Engineers
of Ontario, Alberta and North West Territories and a Director for Teras, is the
Company's nominated qualified person responsible for monitoring the supervision
and quality control of the programs completed on the Company's properties. Mr.
Vitone has reviewed and verified the technical information contained in this
news release. 


About Teras

The Company is focused on developing its Cahuilla project located in Imperial
County, California. The project encompasses an area of at least 3 km by 1.5 km
and demonstrates the potential for a large-scale, bulk mining operation
consisting of altered and mineralized sedimentary and volcanic host rocks with
numerous sheeted high-grade quartz veins. Teras filed a NI 43-101 compliant
technical report with an indicated resource of 1.2 million plus ounces of gold
and 11 million plus ounces of silver on its Cahuilla project (70.148 million
tons at an average grade of 0.015 ounces per ton gold and 0.17 ounces per ton
silver with a cutoff of 0.008 ounces per ton gold). The Company has an
aggressive plan to increase the resource and develop the project for future
mining operations.


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. In particular, this press release contains forward-looking information
regarding: the potential of the Cahuilla Project; the potential of geophysical
programs on the Cahuilla Project; the potential to expand the resource, to
identify new targets and to identify high grade zones and structures; the timing
of and potential of drilling and exploration programs, surveys, studies and
developments; and the potential for finding high grade deposits. 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; future
costs and expenses being based on historical costs and expenses, adjusted for
inflation; continued success in drilling and exploration programs and geological
and geophysical studies at the Cahuilla project; successful studies in mining
techniques and metallurgy; commodity prices continuing at today's prices or
rising; obtaining the necessary funding to carry out recommended work programs,
exploration and studies; and continued success in obtaining permits. 


Additional assumptions can be found in the Company's disclosure documents on the
SEDAR website. 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Teras Resources Inc.
Peter Leger
President
(403) 262-8411 or (403) 852-0644
pleger@teras.ca
www.teras.ca

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