Teras Resources: further increases its land position on its Watseka project and is pleased to announce the arrival of Mr. Peter Mejstrick as director and technical expert

Calgary, Alberta-(Newsfile Corp. – May 27, 2022) – Teras Resources Inc. (TSXV: TRA) (OTC Pink: TRARF) (“Teras” or the “Company”): Reports that it has further increased its land position on its Watseka gold property in Madison County, Montana. Teras is also pleased to announce that Mr. Peter Mejstrick has joined the Company as Director and Technical Expert on its Watseka project.

Teras is pleased to announce that Mr. Peter Mejstrick joins the Teras Board of Directors. Mr. Mejstrick has over thirty years of experience in the exploration and development of precious, base and critical metals and has held senior positions in companies such as Agnico-Eagle Mines, Yamana Gold, Meridian Gold , Echo Bay Mines and FMC Gold Company. He has extensive experience in mineral property acquisitions, from the early stages through to the delineation of ore reserves. In 1971, Mr. Mejstrick earned a bachelor’s degree in biology and chemistry from Bowdoin College and earned his master’s degree in geology in 1975 from the University of Montana. In 1977 Peter attended the University of British Columbia in Vancouver for a Ph.D. in Geology.

Teras’ Watseka property consists of 12 patented mining claims owned by Teras. The Watseka property currently has a plant site housing a main building and equipment for ore processing as well as a separate building with laboratory equipment for the analysis of ore to be mined and processed. The plant and mine site are located in the Rochester Mining District, Madison County, Montana, on the eastern slope of the Continental Divide. Primary access to the mine site is by county roads off a state highway and is maintained year-round by federal and state funds.

Mr. Joseph Carrabba, CEO of Teras, said, “We are pleased to advance our Watseka Project with the addition of 21 new land claims extending the Watseca Project in all directions. These claims are strategic in the development of the Watseka project, which we could potentially mine and mill on our site. The newly leased land has had historical sampling and drilling which is very encouraging. We are extremely pleased to have Peter Mejstrick join the Teras Board of Directors. Mr. Mejstrick has a wealth of knowledge in project development with direct experience in the company’s Watseka project which will propel the Watseka project forward. »

Teras has granted 500,000 common stock options to Mr. Peter Mejstrick and Consultants pursuant to the Company’s stock option plan. The options have an exercise price of $0.05 per share. The expiry date of the options will be 5 years from the date of issue, i.e. May 27, 2027.

Teras has determined that there are exemptions from the various requirements of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 for the issuance of options to directors and officers of Teras (formal valuation – non-listed issuer Specified Markets; Minority Approval – Fair Market Value Not Exceeding 25% of Market Capitalization).

Effective immediately, Mr. Toby Mancuso has resigned as Vice President and Director of Teras to enjoy his retirement; however, Mr. Mancuso will continue to consult and work as a technical expert on the Company’s Cahuilla project.

About Teras

Teras’ main project is its Cahuilla project located in Imperial County, California. Teras believes that the Cahuilla Project has the potential to develop into a mining operation comprised of altered and mineralized sedimentary host rocks with numerous high-grade sheet quartz veins.

For more information about the project and the company, contact:

Teras Resources Inc.
Peter Leger, Director/Senior Consultant
(403) 262-8411
(403) 852-0644
Email: [email protected]
Website: www.teras.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of the accuracy of this press release.

This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, included herein may be forward-looking information. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “anticipates” or “does not expect”, “proposed”, “is planned”, “budgets”, ” intended”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions, or by the use of words or phrases indicating that certain actions, events or results can, might, might occur or be achieved. In particular, this press release contains forward-looking information regarding: the ability to raise the necessary capital for the Watseca Project companies, the development and progress of the Watseca Project, the development of the geological model relating to the Watseca Project, the development of other drilling plans related to the Watseca Project and the potential for the Watseca Project to transition into mining. 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, actual results of exploration projects being equal to or greater than results estimated in technical reports or past exploration results, with future costs and expenses being based on historical costs and expenses. , adjusted for inflation, the Company’s ability to obtain acceptable financing, market acceptance of its exploration programs and projects; constant and favorable commodity prices; and regulatory acceptance of the Company’s geological models. 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. These risks and other factors may include, but are not limited to: early development of the Company and its projects; general business, economic, competitive, political and social uncertainties; commodity prices; the actual results of ongoing exploration and development or mining activities; competition; changes in project parameters as plans continue to be refined; accidents and other hazards inherent in the mining industry; lack of self-confidence; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting the Company; timing and availability of external funding on acceptable terms; conclusions of economic evaluations; and lack of skilled and skilled labor 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 the forward-looking information, there may be other factors that cause results not to be those anticipated, estimated or expected. 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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