Mr. Richard Williams reports

TERRENO ANNOUNCES PRIVATE PLACEMENT OFFERING OF UP TO C$500,000 FOR TANTALUM EXPLORATION AND DEVELOPMENT

Terreno Resources Corp. has arranged a non-brokered private placement for gross proceeds of up to $500,000.

The offering will be in units and will consist of a combination of common shares and share purchase warrants of the company. The 10 million units will be offered at five cents. Each common share will entitle the holder to purchase one common share of the company at five cents and one share purchase warrant at seven cents for a period of 12 months following the issue date.

The share purchase warrants are subject to an acceleration provision whereby, at any time after the issue date, if for at least 10 consecutive trading days, the volume-weighted average price at which the common shares trade on the exchange each day exceeds 14 cents per share, the company may issue a notice to the holder (which acceleration notice will be given to the holder by the company disseminating a press release) to accelerate the expiry time of the share purchase warrant to a date 30 calendar days following the date of the acceleration notice.

The company intends to use the proceeds of the offering for the exploration and development of the company's Metal 46 tantalum project in Bolivia and for general working capital.

The closing of the offering is subject to receipt of all necessary regulatory approvals, including those of the TSX Venture Exchange. Finders' fees, commissions or share purchase warrants will be payable in accordance with market conditions and policies of the TSX Venture Exchange. Any of the common shares of the company that are issued and those issuable from any finders' warrants will be subject to a hold period ending on the date that is four months plus one day following the issue date of those shares in accordance with applicable securities laws.

We seek Safe Harbor.