Ms. Lydia Danis reports

TERRA NOVA APPOINTS NEW CHIEF FINANCIAL OFFICER AND GRANTS STOCK OPTIONS

Terra Nova Energy Ltd. has appointed Matt Anderson as Terra Nova's new chief financial officer to replace outgoing chief financial officer Robert McMorran. Mr. McMorran will continue to serve as a member of Terra Nova's board of directors. Terra Nova wishes to thank Mr. McMorran for his services as chief financial officer.

Mr. Anderson holds a bachelor of commerce degree from McGill University and obtained his chartered accountant designation in 2008 while articling at a large accounting firm. Mr. Anderson is a senior consultant with Malaspina Consultants Inc., a private company that provides accounting and administrative infrastructure to junior public companies. He serves or has served as chief financial officer of I-Minerals Inc., as well as several other junior public companies including Wolfpack Gold Corp., Search Minerals Inc., Dynamic Oil & Gas Exploration Inc., Tigris Uranium Corp. and Explorator Resources Inc.

Grant of stock options

Terra Nova also announces that it has granted 4,325,000 stock options to officers, directors and consultants of Terra Nova. The options were granted for a period of five years, expiring on Oct. 31, 2019, and each stock option will allow the holder to purchase a common share of Terra Nova at an exercise price of 18 cents.