Ann: Airborne Geophysical Survey Underway in Eastern Athabasca, page-2

Well end of the month/early Nov using the most modern techniques and we'll have a good idea of what we have:

Acquisition is expected to take 2 weeks with first results available once the data is
processed in late October, Earth Models will then be created and validated.
• The 2006 VTEM survey over the Pasfield Project, which identified a significant conductor and
anomaly, is being reprocessed using modern technology. Additional geochemical and
geophysical field work is also underway, results of which are expected by the end of October
and will be integrated with the new survey into the Earth Model.

Terra Uranium Director, Andrew Vigar commented: “The commencement of our Airborne
Geophysical survey is a major milestone for T92 and marks the start of exploration as a listed
company. Historical data shows anomalous surficial uranium and geophysical conductive corridors
of a similar size and scale to major known deposits. As part of our assessment, we are using an
airborne survey system provided by ‘Geotech’, which is the leading industry tool for exploring under
deep cover. The Canadian exploration team, headed by Mike McClelland, is to be congratulated on
securing the services of the highly sought after Geotech team and having the bird flying just a few
weeks after listing on the ASX. This demonstrates the professionalism, experience, and strength of
industry contacts brought to Terra’s table by our outstanding team, and we keenly await the findings
of this survey and other work also underway”.